Bonal International Reports Improved Revenue of Year End and Fourth
Quarter Fiscal for 2013
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ROYAL OAK, Mich., July 2, 2013 /PRNewswire/ -- Bonal International,
Inc. (OTC: BONL) announced 2013 fiscal year end revenue of
$2,471,315, eclipsing last year's
mark of $2,292,408, which at the time
was the third best year. This was the ninth consecutive
profitable year for Bonal. Net income was $220,182, with earnings per share of $0.13, compared to $329,352 and $0.19
last year. Additionally, 2013 was a good year for
shareholders as Bonal paid record dividends, its eighth consecutive
year paying dividends. As a result of the record dividends paid
Stockholders Equity decreased 18% to $1,390,171 or $0.80/share.
"New customers accounted for 64% of sales, by unit volume, and
current customers continued to come back and purchase additional
equipment," said A. George Hebel,
Chairman of Bonal International.
Fourth Quarter Ending March
31
|
|
2013
|
2012
|
Revenue
|
$681,084
|
$643,839
|
Net Income (loss)
|
($91,803)
|
$56,155
|
Earnings Per Share
|
($0.05)
|
$0.03
|
Note: This table contains unaudited results.
Fiscal Year Ending March
31
|
|
2013
|
2012
|
Revenue
|
$2,471,315
|
$2,292,408
|
Net Income
|
$220,182
|
$329,352
|
Earnings Per Share
|
$0.13
|
$0.19
|
Note: This table contains unaudited results.
Bonal International Reports Fourth Quarter
Fourth quarter revenue was $681,084, compared to last year of $643,839. Net income was ($0.05) compared with $0.03 last year.
"Considering all the challenges and distractions during the
year, fiscal year 2013 was a good year in terms of revenue growth
and we still had over a 9% profit," said Hebel. "Outstanding
customer loyalty, products and cutting edge technology, and our
committed team effort have kept the company growing."
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.
SOURCE Bonal International, Inc.