Bonal International Posts Modest Profit in Marking Its Tenth Consecutive Profitable Year - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Bonal International Posts Modest Profit in Marking Its Tenth Consecutive Profitable Year

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SOURCE Bonal International, Inc.

Ninth Consecutive Year Issuing Dividends, Former Chairman Dies

ROYAL OAK, Mich., July 10, 2014 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced fiscal year 2014 was its tenth consecutive profitable year.  The company posted a modest net income of $132,927, down from last year's $220,182.  Revenues were $2,051,905, down 17 percent from last year's $2,471,315.  Earnings per share were $0.08 compared to $0.13 last year.  During the year, the board of directors issued a dividend for the ninth consecutive fiscal year.  Stockholder's equity decreased three percent to $1,348,306 or $0.77 per share.

"Despite a year of global uncertainty and an optimism index remaining at recessionary levels, Bonal turned a hard-earned profit," said Thomas E. Hebel, the newly elected chairman of the board.  "Once again we saw our existing customers account for approximately 53 percent of our revenue by volume.  That outstanding loyalty, not only represented an endorsement of our product, process and company, but also helped us weather a difficult economic time.  Our customers appreciate the value of Meta-Lax equipment in any economic climate."

Fiscal Year Ending March 31


2014

2013

Revenue

$2,051,905

$2,471,315

Net Income

$132,927

$220,182

Earnings Per Share

$0.08

$0.13


Bonal International Reports Fourth Quarter

Revenues for the fourth quarter were $514,877, a decrease from last year's $681,085.  The company posted a small 2.5 percent loss in the quarter of ($13,330).  This was an improvement compared to the sizeable loss in last year's fourth quarter of ($91,803) which was influenced by non-reoccurring merger costs.

During the fourth quarter the board of directors elected a new management team including Thomas E. Hebel as chairman, president, and CEO.  A. George Hebel, III, the previous chairman, remained on the board until he passed away early in July, a few days before this press release was published.

Fourth Quarter Ending March 31


2014

2013

Revenue

$514,877)

$681,085)

Net Income (loss)

($13,330)

($91,803)

Earnings Per Share

($0.01)

($0.05)


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 60 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 www.Bonal.com or by calling
1-800-Meta-Lax.

©2012 PR Newswire. All Rights Reserved.

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