News

Bonal International Reports First Quarter Results for Fiscal Year 2021

Royal Oak, Mich., August 13, 2020 – Bonal International, Inc. announced that fiscal year 2021 started off sustaining a 7-week mandatory plant shutdown due to the pandemic.  As a result, revenue was off 31.1 percent to $281,237, from $408,080 last year’s first quarter.  For the quarter, Bonal posted a net loss of $8,273, compared to $2,942 net income last year.  Earnings per share for both quarters were $0.00.

“This quarter was most unusual in that Bonal was required to stay shut down for what turned out to be seven weeks at the start of the quarter,” said Thomas E. Hebel, Chairman.  “We still operated with a skeleton crew that would fill orders for our essential customers.   Even when we were allowed to reopen, many customers in our target markets were not open.  A positive trend during the quarter was 45 percent of our sales were for our new computerized system.  More than half of our sales were to foreign companies.  During the quarter Holt-Cat of Texas, a division of Caterpillar, bought another Meta-Lax system as did Hamilton Sundstrand, an aerospace parts supplier.”

First Quarter Ending June 30

 

2020

2019

Revenue

$281,237

$408,080

Net Income

($8,273)

$2942

Net Earnings Per Share

$0.00

$0.00

 

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.

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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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