ROYAL OAK, Mich., Aug. 12, 2014 /PRNewswire/ -- Bonal
International, Inc. (OTC: BONL) announced significant increases in
revenue and net income with today's release of its first quarter
results. Revenue rose to $618,144 in the first quarter, a 19 percent
increase from $519,077 in the first
quarter last year. Net income doubled to $110,054 compared to $54,544 from last year's first quarter net
income. Earnings per share increased to $0.06 compared to $0.03 last year.
|
Bonal
International Reports First
Quarter
|
|
First Quarter
Ending June 30
|
|
2014
|
2013
|
|
Revenue
|
$618,144
|
$519,077
|
|
Net
Income
|
$110,054
|
$54,544
|
|
Net Income
Percentage
|
17.8%
|
10.5%
|
|
Earnings Per
Share
|
$0.06
|
$0.03
|
Note: This table contains unaudited results.
"First time customers, especially those from the United States, led sales by volume this
quarter at 72 percent," said Thomas E.
Hebel, President and CEO of Bonal International. "We
believe that this is an indicator that the U.S. metal working
industry is starting to recover, yielding a more receptive
market."
A nice compliment to this influx of new business was the
continued stream of reorders from current customer including, for
example, a major utility company in Costa
Rica, purchasing its third Meta-Lax system from Bonal.
This is the first full quarter under the management of
Thomas E. Hebel since he led Bonal
as interim president for eleven quarters which ended the third
quarter of fiscal year 2013.
Bonal International Inc., through its wholly owned subsidiary,
Bonal Technologies, Inc. is the patent holder and 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 60 countries worldwide.
Headquartered in Royal Oak, Mich.,
Bonal serves the aerospace, armament, automotive, petroleum,
die-casting, mining, racing, machine tool building, plastic
molding, shipbuilding, 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
www.Bonal.com or by calling 1-800-Meta-Lax.
SOURCE Bonal International, Inc.
