Bonal International Reports Second Quarter and Six Month Results
November 09 2009 - 2:43PM
PR Newswire (US)
Vibratory Stress Relief Technology Leader Profits by Developing
International Markets During U.S. Recession ROYAL OAK, Mich., Nov.
9 /PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC:BONL)
announced significant upturns in revenue in the second fiscal
quarter of 2010, ending Sept. 30, 2009, with $555,613 in sales, for
an increase of 57.3 percent over the 2009 fiscal second quarter net
revenue. Earnings per share increased to four cents year over year.
"Bonal's emphasis on developing international markets is continuing
to produce results," said A. George Hebel, III, CEO and president
of Bonal International. "As the world moves toward cost and fuel
efficient alternatives, Meta-Lax Technology fulfills the needs of
industry." Approximately 42 percent of Bonal's sales during the
quarter ending Sept. 30, 2009 came from international sales, a
significant increase from the second quarter of last year with 31
percent. In the six months to date at Sept. 30, net revenue was
down slightly to $907,440, from $955,142 last year. Total earnings
per share at the end of the six month period are two cents per
share. Second Quarter Ending September 30,
----------------------------------- 2009 2008 ---- ---- Revenue
$555,613 $353,191 ------- -------- -------- Net Income 67,051 764
---------- ------ --- Earnings Per Share 0.04 0.00
------------------ ---- ---- Note: This table contains unaudited
results. Six Months Ending September 30,
------------------------------- 2009 2008 ---- ---- Revenue
$907,440 $955,142 ------- -------- -------- Net Income 26,200
64,100 ---------- ------ ------ Earnings Per Share 0.02 0.04
------------------ ---- ---- 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 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
http://www.bonal.com/ or by calling 1-800-Metal-29. DATASOURCE:
Bonal International, Inc. CONTACT: A. George Hebel, III,
+1-248-582-0900 ext.227, Web Site: http://www.bonal.com/
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