NEWS

Bonal International Reports Strong Revenue Increases in its Eleventh Consecutive Profitable Year

Friday, Jul 31, 2015

ROYAL OAK, Mich., July 31, 2015 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced fiscal year 2015 was its eleventh consecutive profitable year.  Bonal posted its third most profitable year with a net income of $443,162, up from a net income of $132,927 in FY 2014.  Revenue was up 15.0 percent to $2,360,696 from last year's revenue of $2,051,905.  Earnings per share jumped to $0.25 per share from last year's net earnings per share of $0.08.  Stockholder's equity increased 13.4 percent to $1,529,280, or $0.87 per share.

"This year was financially strong for Bonal's Meta-Lax stress relief process and equipment, especially the fourth quarter," said Thomas E. Hebel, chairman.  "Bonal attracted an influx of new business from first-time buyers, particularly in the United States.  Current customers accounted for 42 percent of sales by volume through reorders and referrals.  We sold equipment in 13 foreign countries this year including a first-time sale in Vietnam. This year the most revenue for Meta-Lax equipment was generated from the aerospace, automotive, mining, and mold making industries."

In fiscal year 2015 the board of directors declared three dividends, each of $0.05 per share and paid an additional $0.05 per share dividend that was declared at the end of FY 2014.  During the year the company received proceeds of $100,237 from a key-man life insurance policy.  These proceeds supported a special dividend (the second declared dividend).  This is Bonal's tenth consecutive year issuing dividends.

Fiscal Year Ending March 31



2015

2014

Revenue

$2,360,696

$2,051,905

Net Income

$443,162

$132,927

Earnings Per Share

$0.25

$0.08

 

Bonal International Reports Fourth Quarter

The fourth quarter was the second highest revenue generating quarter in Bonal's history.  Revenue was $802,176, up 55.8 percent from last year's $514,877.  Net income for the fourth quarter was also up at $146,444, an increase from last year's loss of ($13,330).  In addition, during the quarter, the board of directors issued its third dividend of the fiscal year.

Fourth Quarter Ending March 31



2015

2014

Revenue

$802,176

$514,877

Net Income

$146,444

($13,330)

Earnings Per Share

$0.08

($0.01)

 

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.

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SOURCE Bonal International, Inc.