Bonal International Reports Third Quarter and Nine Month Results

Return of Interest in Vibratory Stress Relief May Signal Economic Recovery of the Metalworking Industry

Feb 09, 2010, 17:40 ET from Bonal International, Inc.

ROYAL OAK, Mich., Feb. 9 /PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC: BONL) announced a respectable upturn of 29 percent in revenue in the third fiscal quarter of 2010, ending Dec. 30, with $527,310 in sales. These sales represented an increase of 29 percent over the 2009 third quarter net revenue.  Net Income and earnings per share were near breakeven, compared to a loss in the third quarter of last year.    

"As the metalworking industry makes its comeback, domestic interest in reliable vibratory stress relief is again receiving attention," said A. George Hebel, III, CEO and President of Bonal International.  "Bonal continues to spur this interest by making new customers and displaying the cost, time, and quality benefits of using Meta-Lax Vibratory Stress Relief."

Nine months revenue is up 5 percent over last year's numbers to $1,434,749.  Purchase incentive discounts have helped Bonal retain level sales and maintain a stream of new customers, but have impacted earnings, which are down 37 percent from the first nine months last year.  

International sales remained strong during the third quarter with 30 percent of unit volume sales coming from foreign markets.    

                      Third Quarter Ending December 30, 2009
                                               2009                    2008
                                               ----                    ----
    Revenue                                $527,310                $408,917
    -------                                --------                --------
    Net Income                                4,954                 (14,232)
    ----------                                -----                 -------
    Earnings Per Share                         0.00                   (0.01)
    ------------------                         ----                   -----
    Note: This table contains unaudited results.
                       Nine Months Ending December 30, 2009
                                               2009                    2008
                                               ----                    ----
    Revenue                              $1,434,749              $1,364,059
    -------                              ----------              ----------
    Net Income                               31,152                  49,868
    ----------                               ------                  ------
    Earnings Per Share                         0.02                    0.03
    ------------------                         ----                    ----
    Note: This table contains unaudited results.

In other news, Mr. A. George Hebel, III, co-founder and president, has announced that after 26 years with the company (and 24 years with the previous parent company) he will be stepping back from the day to day management on March 31. Mr. Hebel will continue as a director and non-executive chairman. Mr. Thomas Hebel also a co-founder and vice president for the last 26 years, will serve as the interim president until such time as the board of directors determines George Hebel's successor. Efforts to identify and secure the appropriate successor are currently underway.

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 50 countries worldwide.  Headquartered in Royal Oak, Mich., Bonal services the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, plastic molding, 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 energy and monetary costs of competing technologies.  More information can be found at or by calling 1-800-Metal-29.

SOURCE Bonal International, Inc.