Royal Oak, Mich. (PRWEB) September 05, 2012
Royal Oak, Mich., August 23, 2012 – Bonal International, Inc. (OTC: BONL) announced first quarter revenue results of $422,605 down from last year’s $570,385. Net income was $35,956 compared to $89,454 last year. Earnings per share were $0.02 compared to $0.05 last year. During the quarter Bonal issued a dividend matching the largest single dividend in corporate history.
“This is our ninth consecutive profitable quarter even in these very challenging economic times” said Thomas E. Hebel, Interim President of Bonal Technologies, Inc. “We continue to weather the economic storm in our industry pretty well.”
During the quarter Bonal’s three lower priced models accounted for 43 percent of its sales by volume, up 18 percent over last year’s average.
First Quarter Ending June 30
Earnings Per Share:
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 http://www.bonal.com or by calling 1-800-Metal-29.