ROYAL OAK, Mich., Aug. 11, 2015 (GLOBE NEWSWIRE) -- Bonal International, Inc. (OTC:BONL) announced first quarter of fiscal year 2016 revenue of $698,379, up 13.0 percent from last year’s first quarter revenue of $618,144 which represents record revenue for a first quarter. Net income for the first quarter was $146,215, a 32.9 percent increase over last year’s net income of $110,054 for the same period. Earnings per share for the first quarter were $0.08 this year compared to $0.06 per share last year.
“This quarter’s record performance was dominated by customers who were originally introduced to Meta-Lax technology at a trade show,” said Thomas E. Hebel, chairman. “Customers from seven different trade shows located in three different countries accounted for nearly 26 percent of sales by volume. This level of sales from trade shows is twice the normal average.”
|First Quarter Ending June 30|
|Net Income Percentage||20.9||%||17.8||%|
|Earnings Per Share||$||0.08||$||0.06|
Bonal International Inc., through its wholly owned subsidiary, Bonal Technologies, Inc., 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 60 countries worldwide. Headquartered in Royal Oak, Mich., Bonal services the aerospace, armament, automotive, petroleum, die-casting, mining, racing, machine tool building, plastic molding, shipbuilding, 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-Meta-Lax.
Contact: Thomas E. Hebel Toll Free: 800.638.2529 ext.236 International: 248.582.0900 ext.236 Email: firstname.lastname@example.org
Source:Bonal Technologies, Inc.