Royal Oak, Mich., June 29, 2022 – Bonal International, Inc., (OTC: BONL) announced revenue results of $398,735 for the fourth quarter, ended March 31, 2022, up 34.3 percent over last year’s fourth quarter of $296,964. Net income for the fourth quarter was $61,013, up from last year’s fourth quarter loss of $12,363. Earnings per share for the fourth quarter were $0.03 per share, up from last year’s fourth quarter loss of $0.01 per share.
“The quarter was led by sales from our state-of-the-art industry-leading Series 2800 Meta-Lax stress relief system,” said Thomas E. Hebel, chairman. “During the quarter, our 2800 system accounted for 57 percent of our sales by volume and 67 percent of sales by volume over the year, up from an already strong 53 percent last year. Customers appreciate the effectiveness and ease-of-operation that the unique computer-controlled Series 2800 system gives them. Also, with energy costs soaring at over 30 percent much of year and leading to record inflation, many companies considered Meta-Lax equipment as a timely inflation neutralizer because of its tremendous cost savings ability.”
Fiscal year-end revenue was $1,724,800, up 29.6 percent from last year’s fiscal year-end of $1,330,691. Net income for the fiscal year 2022 was $186,207, up from last fiscal year-end $89,294 net income. Earnings per share were $0.11 for fiscal year 2022 compared to $0.05 per share for fiscal year 2021.
| For the Three Months Ended March 31, | ||
|
| 2022 | 2021 |
| Revenue | $398,735 | $296,964 |
| Net Income | $61,013 | ($12,363) |
| Earnings Per Share | $0.03 | ($0.01) |
| For the Year Ended March 31, | ||
|
| 2022 | 2021 |
| Revenue | $1,724,800 | $1,330,691 |
| Net Income | $186,207 | $89,294 |
| Earnings Per Share | $0.11 | $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’s Meta-Lax® Stress relief and Weld Conditioning 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, power generation, racing, shipbuilding, and welding industries. Bonal’s Meta-Lax technology is applied 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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