ROYAL OAK, Mich., Feb. 15, 2013 /PRNewswire/ -- Bonal
International, Inc. (OTC: BONL) announced a record third quarter
revenue of $620,577, up 53 percent
over last year's third quarter of $405,533. The revenue is the highest
achieved for any third quarter for the company. Net income
was $74,833, up from last year's
$8,043. This is the eleventh
consecutive profitable quarter for the company. Earnings per
share increased to $0.04 per share
from $0.005 per share last year's
third quarter. Nine month figures were very strong.
Revenue was up 9 percent to $1,790,230 from last year's nine month revenue of
$1,648,570. Net income
increased 14 percent to $311,985 from
last year's nine month net income of $273,197. Likewise, earnings per share
increased to $0.18 per share up from
$0.16 last year's nine month earnings
per share. During the quarter the board of directors issued
its second and third $0.10 per share
dividends of the fiscal year.
"Our current customers set the pace this quarter by accounting
for 61 percent of the sales by volume by ordering additional
equipment and referring their suppliers to us. This speaks
volumes about the confidence our customers place on Bonal's
patented Meta-Lax® stress relief technology and the quality and
value of our equipment," said Thomas E.
Hebel, who completed his eleventh quarter as interim
president.
Third
Quarter Ending December 31
|
Note:
This table contains unaudited results.
|
|
2012
|
2011
|
Revenue
|
$620,577
|
$405,533
|
Net
Income
|
$74,833
|
$8,043
|
Earnings/Share
|
$0.04
|
$0.005
|
|
|
|
Nine
Months Ending December 31
|
|
|
Note:
This table contains unaudited results.
|
|
2012
|
2011
|
Revenue
|
$1,790,230
|
$1,648,570
|
Net
Income
|
$311,985
|
$273,197
|
Earnings /
Share
|
$0.18
|
$0.16
|
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 serves the aerospace,
armament, automotive, petroleum, die casting, mining, racing,
machine tool building, mold making, ship building, and welding
industries. Bonal's patented 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-Meta-Lax.
SOURCE Bonal International, Inc.