ROYAL OAK, Mich., Nov. 13, 2017 (GLOBE NEWSWIRE) -- Bonal International, Inc. (OTC:BONL) announced second quarter results, ending September 30, that continued last quarter’s trend with increased revenue, net income, and earnings per share over last year. Revenue was $527,761 for the second quarter, up 17.6 percent over the second quarter last year. Net income was $53,469, up from $16,471 for the same quarter last year and earnings per share were $0.03, up from last year’s second quarter of $0.01 per share.
“We are seeing signs that the U.S. metalworking industry continues to grow stronger,” said Thomas E. Hebel, chairman. “The U.S. market accounted for 78 percent of the company’s revenue by volume, up from 54 percent in the same period last year.”
Year-to-date revenue was $1,143,559, up an impressive 43.3 percent from last year’s first six-month period. Net income was strong at $162,632 compared to a slight loss of $4,860 for the first six-month period last year.
|Second Quarter Ended September 30,|
|Earnings Per Share||$0.03||$0.01|
|Six Months Ended September 30,|
|Earnings Per Share||$0.09||($0.00)|
During the quarter Thomas E. Hebel, CEO, signed a 35-month employment contract.
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, Michigan, Bonal serves the aerospace, armament, automotive, die-casting, machine told building, mining, mold making, petroleum, racing, shipbuilding, and welding industries. Bonal’s Meta-Lax technology is used to eliminate unwanted thermal stress in metal parts, thereby preventing distortion and cracking. Meta-Lax technology is applied at a fraction of the energy and monetary costs of competing technologies. Visit www.Bonal.com for more information or call 1-800-Meta-Lax.
|Contact:||Thomas E. Hebel|
|Toll Free:||800.638.2529 ext.236|
Source:Bonal Technologies, Inc.