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Bonal International Reports 4th Quarter and Year-end Results

Bonal International Reports 4th Quarter and Year-end Results

Royal Oak, Mich., June 30, 2021 – Bonal International, Inc. (OTC: BONL) announced a profit for the fiscal year amid the impact from the coronavirus.  This was the sixteenth profitable year of the last seventeen  fiscal years.  Revenue for the fiscal year was $1,330,691, down 10.2 percent from last year’s revenue of $1,481,162.  The year ended with a net income of $89,294, up from last year’s net loss of $49.950.  Stockholders’ Equity was up 6.0 percent to $1,568,082 from $1,478,788 last year.

“Bonal was not immune to the year-long pandemic impact of lockdowns and economic regression,” said Thomas E. Hebel, Chairman.  “Despite a challenging year, Bonal implemented many cost-saving initiatives and several digital advances.  Together these efforts generated a profit, the second highest net income in the last five fiscal years. Bonal’s state-of-the-art system, Model 2800, dominated sales accounting for 53% of sales based on volume, up from 22% last fiscal year.  Orders from current customers and customer referrals were strong again accounting for more than half (56%) of sales by volume.  During the year, Bonal also improved its financial position, retained all of its employees, and did not go into debt.   Considering the strength of our state-of-the-art equipment sales, implementing several digital advances and the metalworking industry returning to normal operations, fiscal year 2022 looks to be an exciting year.”

Fiscal Year Ending March 31

 

2021

2020

Revenue

$1,330,691

$1,481,162

Net (Loss) Income

$89,294

($49,950)

Earnings Per Share

$0.05

($0.03)

Bonal International Reports Fourth Quarter

Revenue for the fourth quarter was $265,167, down 34.5 percent from last year’s $404,736.  The Company posted a loss of $79,402, down from $32,960 net income for the same quarter last year.

Fourth Quarter Ending March 31

 

2021

2020

Revenue

$296,964

$265,167

Net (Loss) Income

($12,363)

($79,402

Earnings Per Share

(0.01)

($0.05)

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 product lines–Meta-Lax® Stress relief and Weld Conditioning, Pulse Puddle Arc Welding®, and Black Magic® Distortion Control–which are sold in the United States and in more than 64 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.

How Vibratory Weld Conditioning Mitigates Distortion

Imagine a welder completes one side of a large workpiece, then flips the thing over and welds the other side, then flips it back to continue welding. A nonwelder looking on might think the welder’s just creating work for himself. But he...

Bonal International Reports 4th Quarter and Year-end Results

Royal Oak, Mich., Bonal International, Inc. (OTC: BONL) announced a loss for the fiscal year amid the impact from the coronavirus. This was the first annual loss in 16 fiscal years. Before the pandemic hit, Bonal issued a dividend, the twenty-third dividend in the last fifteen fiscal years.

Bonal International Reports Third Quarter Results for Fiscal Year 2020

Bonal International, Inc., (OTC: BONL) announced revenue results of $419,834 for the third quarter which ended December 31, 2019. This was a 23.0 percent increase from last year’s third quarter. Net income for the third quarter was a $5,965, up from last year’s third quarter’s net income of a loss of $4,879.

Bonal International Reports Profitable Second Quarter for Fiscal Year 2020

Royal Oak, Mich., November 18, 2019 – Bonal International, Inc., (OTC: BONL) announced revenue results of $388,081 for the second quarter which ended September 30, 2019. This was a 4.9 percent decrease over the first quarter and down 12.7 percent from last year’s second quarter. Net income for the second quarter was $20,545, up from last quarter’s $2,942, but down from last year’s second quarter’s net income of $23,807. Earnings per share for the second quarter were $0.01 per share which was the same as last year’s second quarter earnings.
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