ROYAL OAK — Bonal International, Inc. (OTC: BONL) Tuesday announced net income of $110,054 or 6 cents a share on revenue of $618,144 in the first fiscal quarter ended June 30.
That’s up from net income of $54,544 or 3 cents a share on revenue of $519,077 in the same quarter a year earlier.
“First time customers, especially those from the United States, led sales by volume this quarter at 72 percent,” said Bonal president and CEO Thomas E. Hebel. “We believe that this is an indicator that the U.S. metal working industry is starting to recover, yielding a more receptive market.”
A compliment to this influx of new business was the continued stream of reorders from current customers — including, for example, a major utility company in Costa Rica, purchasing its third Meta-Lax system from Bonal.
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. Bonal serves 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, preventing warping and cracking, at a fraction of the energy and monetary costs of competing technologies.
More at www.Bonal.com.