Bonal International Reports Second Quarter and Six Month Results
Vibratory Stress Relief Technology Leader Profits by Developing International Markets During U.S. Recession
ROYAL OAK, Mich., Nov. 9 -- Bonal International, Inc. (OTC:BONL) announced significant upturns in revenue in the second fiscal quarter of 2010, ending Sept. 30, 2009, with $555,613 in sales, for an increase of 57.3 percent over the 2009 fiscal second quarter net revenue. Earnings per share increased to four cents year over year.
"Bonal's emphasis on developing international markets is continuing to produce results," said A. George Hebel, III, CEO and president of Bonal International. "As the world moves toward cost and fuel efficient alternatives, Meta-Lax Technology fulfills the needs of industry." Approximately 42 percent of Bonal's sales during the quarter ending Sept. 30, 2009 came from international sales, a significant increase from the second quarter of last year with 31 percent.
In the six months to date at Sept. 30, net revenue was down slightly to $907,440, from $955,142 last year. Total earnings per share at the end of the six month period are two cents per share.
Second Quarter Ending September 30,
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2009 2008
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Revenue $555,613 $353,191
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Net Income 67,051 764
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Earnings Per Share 0.04 0.00
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Note: This table contains unaudited results.
Six Months Ending September 30,
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2009 2008
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Revenue $907,440 $955,142
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Net Income 26,200 64,100
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Earnings Per Share 0.02 0.04
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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 50 countries worldwide. Headquartered in Royal Oak, Mich., Bonal services the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, plastic molding, 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 energy and monetary costs of competing technologies. More information can be found at www.Bonal.com or by calling 1-800-Metal-29.