ROYAL OAK, Mich., Aug. 2, 2012 /PRNewswire/ -- Bonal
International, Inc. (OTC: BONL) announced 2012 fiscal year end
revenue of $2,292,408, third highest
in corporate history, off last year's record of $2,560,569. This was the eighth consecutive
profitable year for Bonal. Net income was $329,352, representing the fourth most profitable
year, with earnings per share of $0.19, compared to $510,590 and $0.29
last year. Additionally, 2012 was a good year for
shareholders as Bonal paid record dividends, its seventh
consecutive year paying dividend and Stockholders Equity increased
5% to a record of $1,694,366 or
$0.97/share.
"Current customers accounted for 48% of sales by unit volume by
purchasing more equipment and referring other companies to Bonal,"
said Thomas E. Hebel, who has just
completed his second year as Interim President of Bonal
International.
Fourth
Quarter Ending March 31
|
|
2012
|
2011
|
Revenue
|
$643,839
|
$868,397
|
Net
Income
|
$56,155
|
$165,917
|
Earnings Per Share
|
$0.03
|
$0.09
|
Note: This
table contains unaudited results.
|
Fiscal
Year Ending March 31
|
|
2012
|
2011
|
Revenue
|
$2,292,408
|
$2,560,569
|
Net
Income
|
$329,352
|
$510,590
|
Earnings Per Share
|
$0.19
|
$0.29
|
Note: This
table contains unaudited results.
|
Bonal International Reports Fourth Quarter
Fourth quarter revenue was $643,839, the fifth best quarter in corporate
history compared to the record set last year of $868,397. Net income was $0.03 compared with $0.09 last year.
"Considering all the changes and shifts in the economy, fiscal
year 2012 was both exciting and challenging," said Hebel.
"Outstanding customer loyalty, cutting edge technology and
products, and a committed team effort will keep Bonal's future
bright."
Bonal International Inc. will hold its annual meeting on
Wednesday August 15, 2012 for
shareholders of record as of July 13,
2012 at Bonal's corporate headquarters in Royal Oak, MI.
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:
|
800.638.2529
|
International:
|
248.582.0900
|
Email:
|
thebel@bonal.com
|
SOURCE Bonal International, Inc.