Bonal International Reports Improved Revenue of Year End and Fourth Quarter Fiscal for 2013

Bonal International Reports Improved Revenue of Year End and Fourth Quarter Fiscal for 2013

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Bonal International Reports Improved Revenue of Year End and Fourth Quarter Fiscal for 2013

PR Newswire

ROYAL OAK, Mich., July 2, 2013

ROYAL OAK, Mich., July 2, 2013 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced 2013 fiscal year end revenue of $2,471,315, eclipsing last year's mark of $2,292,408, which at the time was the third best year.  This was the ninth consecutive profitable year for Bonal.  Net income was $220,182, with earnings per share of $0.13, compared to $329,352 and $0.19 last year.  Additionally, 2013 was a good year for shareholders as Bonal paid record dividends, its eighth consecutive year paying dividends. As a result of the record dividends paid Stockholders Equity decreased 18% to $1,390,171 or $0.80/share.

"New customers accounted for 64% of sales, by unit volume, and current customers continued to come back and purchase additional equipment," said A. George Hebel, Chairman of Bonal International.  

Fourth Quarter Ending March 31
	2013	2012
Revenue	$681,084	$643,839
Net Income (loss)	($91,803)	$56,155
Earnings Per Share	($0.05)	$0.03

Note: This table contains unaudited results.

Fiscal Year Ending March 31
	2013	2012
Revenue	$2,471,315	$2,292,408
Net Income	$220,182	$329,352
Earnings Per Share	$0.13	$0.19

Note: This table contains unaudited results.

Bonal International Reports Fourth Quarter

Fourth quarter revenue was $681,084, compared to last year of $643,839.  Net income was ($0.05) compared with $0.03 last year.

"Considering all the challenges and distractions during the year, fiscal year 2013 was a good year in terms of revenue growth and we still had over a 9% profit," said Hebel.  "Outstanding customer loyalty, products and cutting edge technology, and our committed team effort have kept the company growing."

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 54 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-Metal-29.

SOURCE Bonal International, Inc.