News

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.