Bonal Profits Rise Even With Revenue Fall
Royal Oak-based Bonal International Inc. (OTC: BONL) Monday announced net income of $110,858 or 6 cents a share in its second fiscal quarter ended Sept. 30, up 65 percent from $67,051 or 4 cents a share a year earlier.
Second quarter revenue was $542,985, down 2 percent from $555,613 a year earlier.
For the year to date, net income was $234,818 or 13 cents a share, up from $26,200 or 2 cents a share a year earlier.
Revenue for the six months was $1.07 mllion, up 18 percent from $907,440 a year earlier.
“In this quarter we saw the aerospace and defense industries take the lead in our sales activity,” said Thomas E. Hebel, interim president and CEO of Bonal Technologies. “The driving force was that they wanted to achieve the same high quality stress relief as what they were used to, but accomplish it faster. They realized that using our patented Meta-Lax technology and equipment will become a real asset to their company’s future efficiency and profits. We saw the sales of both of our all new touch-screen stress relief models really take off. We are very encouraged with the market reception of these two systems which accounted for more than half of our sales volume.”
Bonal International, through its wholly owned subsidiary, Bonal Technologies, 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 50 countries worldwide.
Bonal serves the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, plastic molding, ship building, and welding industries. 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 such as heat treating.
More at www.Bonal.com.
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