News

Bonal International Reports Profitable First Quarter Results for Fiscal Year 2022

Bonal International Reports Profitable First Quarter Results for Fiscal Year 2022

Royal Oak, Mich., August 3, 2022 – Bonal International, Inc. announced that fiscal year 2022 started off considerably better than last fiscal year.  Revenue was up 46.2% percent to $411,116, from $281,237 last year’s first quarter.  Net income increased to $36,335, as compared to a net loss of $8,273 last year.  Earnings per share were $0.02, up from $0.00 last year.  During the quarter, the Company issued a $0.05 per share dividend, which was the 24th dividend in the last 17 fiscal years.

“This quarter represented our best first quarter for revenue generation in three fiscal years and the best net income in four fiscal years as industry begins to recover from the pandemic,” said Thomas E. Hebel, Chairman. “Our state-of-the-art Meta-Lax stress relief system, the Model 2800, led sales accounting for 55% of the sales by volume.  During the quarter Toshiba bought a Meta-Lax system and several current customers bought additional systems including Hitech, a heat treating company located in Singapore.”

First Quarter Ending June 30,

 

2021

2020

Revenue

$411,116

$281,237

Net Income

$36,335

($8,273)

Net Earnings Per Share

$0.02

$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.

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.
Good (weld) Vibrations
How Vibratory Weld Conditioning
Mitigates Distortion
With weld conditioning the welder might be able to weld consistently from one end of the part to the other-no flipping,…
Read More
855-921-1017