Bonal International Continues Profit Despite Slow Third Quarter

ROYAL OAK, Mich., Feb. 22, 2012 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced a slow but profitable quarter.  This represents the seventh consecutive profitable quarter for Bonal.  Revenue decreased from a $619,500 record last year to $405,533.  Profits dropped to $8,043 from last year's $109,855.  Earnings per share were flat this quarter compared to last year's $0.06.  But the nine month numbers for fiscal year 2012 remained strong while not quite matching last year.  Revenue at $1,648,570 was down just three percent from last year's $1,692,172.  Profits for the nine months were a respectable $273,197 down from $344,673.  Earnings per share were $0.16 versus $0.20 last year.

"As Bonal continues to expand and explore applications in new markets we are laying groundwork that should propel us toward future growth," said Thomas E. Hebel, interim president and CEO of Bonal.  "Meanwhile we are comparing a good nine months to one of our strongest periods in our history.  This quarter also displayed the potential of the Bonal's on-site service program."

Thirty-six percent of the sales by volume came from Bonal's top of the line computer controlled system.  Another eleven percent of the revenue were from Bonal's on-site service, double its average.

"Most importantly fifty-five percent of our sales came from, or by reference through, our current customers," said Hebel.  "They appreciate what Meta-Lax does for them and they want more of it.  As long as they continue to value our revolutionary technology Bonal will continue to remain strong."

During the quarter Bonal paid an $0.08 per share dividend, second highest dividend paid by the company.

This is the seventh quarter with Bonal under the leadership of interim President Thomas E. Hebel. 

Bonal International Reports Third Quarter

Note: This table contains unaudited results.

Note: This table contains unaudited results.

Bonal International Inc., through its wholly-owned subsidiary, Bonal Technologies, Inc., is the world's leading provider of sub-harmonic vibratory stress relief and weld conditioning technology.  Bonal provides three lines of equipment Meta-Lax® Stress Relief and Weld Conditioning, Pulse Puddle Arc Welding®, and Black Magic® Distortion Control, which are sold in the United States and more than 54 countries worldwide.  Headquartered in Royal Oak, Mich., Bonal serves the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, mold making, ship building, and welding industries.  Bonal's Meta-Lax® technology is used for eliminating thermal stress in metal parts, thereby preventing warping and cracking, at a fraction of the time, energy, and monetary costs of competing technologies.  More information can be found at www.bonal.com or by calling 1-800-Metal-29.

SOURCE Bonal International, Inc.