ROYAL OAK, Mich., Nov. 15, 2011 /PRNewswire/ -- Bonal
International, Inc. (OTC: BONL) announced continued increases in
net income, revenue, and earnings per share for the second quarter.
Net income increased to $175,700, a new record and a 58 percent increase,
while revenue grew to $672,651
another new record and a 24 percent increase compared to last
year's second quarter. Earnings per share rose to
$0.10 a record for the second quarter
marking a 67 percent increase. The six month numbers for
fiscal year 2012 were also impressive. Revenue increased to
$1,243,036, a 16 percent increase
over last fiscal year and a new corporate record for revenue
generated in the first six months. The six month net income
was $265,154, an increase of 13
percent over last year's results. Likewise, the six month
earnings grew to $0.15 per share, an
increase of 15 percent from last year's six month results.
"During the second quarter we saw a huge increase in the number
of current customers buying upgraded Meta-Lax® stress relief
equipment," said Thomas E. Hebel,
interim president and CEO of Bonal Technologies, Inc. "The
amount of repeat sales clearly highlights that our customers
appreciate the benefits gained from using Meta-Lax and want to
enhance their results. Nearly half of our sales by volume
this quarter came from our new touch-screen system, the model
2400."
This quarter also marks the sixth quarter with Bonal under the
leadership of interim President Thomas E.
Hebel.
Bonal International Reports Second Quarter
Second
Quarter Ending September 30,
|
|
|
2011
|
2010
|
|
Revenue
|
$672,651
|
$542,987
|
|
Net Income
|
175,700
|
110,858
|
|
Earnings Per
Share
|
0.10
|
0.06
|
|
Note: This table contains
unaudited results.
|
|
|
|
|
Six Months
Ending September 30,
|
|
|
2011
|
2010
|
|
Revenue
|
$1,243,036
|
$1,072,692
|
|
Net Income
|
265,154
|
234,818
|
|
Earnings Per
Share
|
0.15
|
0.13
|
|
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.
Contact:
Thomas E. Hebel
|
|
Toll
Free:
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800.638.2529
ext.236
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|
International:
|
248.582.0900
ext.236
|
|
Email:
|
THebel@Bonal.com
|
|
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|
SOURCE Bonal International, Inc.