Bonal International Reports Profitable Second Quarter for Fiscal Year 2025
Royal Oak, Mich., November 13, 2024 -- Bonal International, Inc., (OTC: BONL) announced revenue results of $415,266 for the second quarter ended September 30, 2024, which was down 11.9 percent over the prior year second quarter. Net income for the second quarter was $26,846, up from the prior year second quarter of $11,750. Earnings per share for the second quarter was $0.02 per share, up from prior year second quarter earnings of $0.01 per share.
"The highlight of this quarter was Bonal signing an international distributorship agreement with DME Company LLC (DME), the world's #1 global supplier of molding products," said Thomas E. Hebel, Chairman. "Under the agreement, DME will be a distributor of Bonal's patented Meta-Lax® stress relief equipment to the mold and die casting industries worldwide. DME is headquartered in Madison Heights, Michigan and is part of the Hillenbrand Group of Batesville, IN. They employ over 600 sales and technical support people globally."
"Adding DME as an international distributor will provide Bonal an opportunity to vastly increase the accessibility and exposure of our Meta-Lax equipment to the mold manufacturing and maintenance industry," said Torsten Warnatsch, Bonal's President and CEO. "DME has an enormous footprint worldwide in the mold and die making industry."
Mike McCutcheon, DME's Business Development Manager further adds, "In addition to supplying more than 100,000 high quality parts used in making and running molds and dies, DME has a reputation of offering its customers high-tech, state-of-the-art complementary products that are valuable to the industry we serve. Meta-Lax stress relief technology is a perfect fit."
Year-to-date revenue was $789,745, down 10.0 percent from the prior fiscal year first six-month period. Net income for the six months ended September 30, 2024 was $35,157, up from a net loss of $8,042 over the same period from 2023. Earnings per share was $0.02 compared to $0.00 per share during the prior year.
Three Month Ended September 30,
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Bonal International, Inc., through its wholly owned subsidiary, Bonal Technologies, Inc., is the patent holder and world's provider of sub-harmonic vibratory stress relief and weld conditioning technology and equipment. Bonal offers three series of models within the Meta-Lax® product line, manual, semi-automatic, and fully automatic, which are sold in the United States and in more than 65 countries. Headquartered in Royal Oak, Mich., Bonal serves the aerospace, automotive, defense, die-casting, machine tool building, mining, mold-making, petroleum, racing, shipbuilding, and welding industries. Bonal's Meta-Lax technology is used to eliminate thermal stress in metal parts, thereby preventing distortion and cracking, at a fraction of the time, cost and energy consumption of competing technologies. For more information visit www.Bonal.com or call 1-800-Meta-Lax.
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