News

Bonal International Reports Profitable Second Quarter for Fiscal Year 2021

Royal Oak, Mich., October 27, 2020 – Bonal International, Inc., (OTC: BONL) announced revenue results of $372,869 for the second quarter ended September 30, 2020, which was up 32.6 percent over the first quarter but down 3.9 percent from last year’s second quarter.  Net income for the second quarter was $63,799, up from last quarter’s loss of $8,273, and up from last year’s second quarter’s net income of $20,544.  Earnings per share for the second quarter was $0.04 per share, up from last year’s second quarter earnings of $0.01 per share.

“The quarter was led by sales of our computerized system.” said Thomas E. Hebel, chairman.  “During the quarter our model 2800 computerized system accounted for 59 percent of sales based on volume, up from 22 percent for all of last year

Year-to-date revenue was $654,106, down 17.8 percent from last fiscal year’s first six-month period.  Net income for the six months was $55,526, up from last year’s $23,487 net income over the same period.  Earnings per share was $0.03 compared to $0.01 per share over the same period last year.

                         Three Months Ended September 30,

 

2020

2019

Revenue

$372,869

$388,081

Net Income

$63,799

$20,544

Earnings Per Share

$0.04

$0.01

 

                            Six Months Ended September 30,

 

2020

2019

Revenue

$654,106

$796,161

Net Income

$55,526

$23,487

Earnings Per Share

$0.03

$0.01

 

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.

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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