Bonal International Reports Profitable First Quarter Results for Fiscal Year 2025
Royal Oak, Mich., August 15, 2024---Bonal International, Inc. announced a decline in revenue for the first quarter of fiscal year 2025. Revenue decreased 7.7 percent to $374,479 from $405,518, last year's first quarter. Despite the decline in revenue, first quarter net income increased to $8,311 compared to a net loss of $19,792 last year. Earnings per share was $0.00, compared to ($0.01) last year.
"This quarter completes the first full year under the direction of Bonal's new president and CEO, Torsten Warnatsch," said Thomas E. Hebel, Chairman. "Looking back over the year, Warnatsch implemented several important long-term policies to maximize future corporate growth. One of those new policies was the expansion of Bonal's sales representation. In the previous fiscal year, Warnatsch focused on domestic representation by signing four United States-based agents. During the quarter, Bonal's focus switched to international representation and Warnatsch signed our first international agent in England."
First Quarter Ending June 30,
2024 2023
Revenue $374,479 $405,518
Net Income $8,311 ($19,792)
Net Earnings Per Share $0.00 ($0.01)
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 a Meta-Lax stress relief product line which has 15 models. Meta-Lax equipment is 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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