News

Bonal International Reports Profitable Third Quarter for Fiscal Year 2021

Bonal International, Inc., (OTC: BONL) announced revenue results of $379,621 for the third quarter ended December 31, 2020, which was up 1.8 percent over the second quarter and down 9.6 percent from last year’s third quarter.  Net income for the third quarter was $46,131, down from last quarter’s $63,799 net income, and up from last year’s third quarter’s net income of $5,965.  Earnings per share for the third quarter were $0.03 per share, up from last year’s third quarter earnings of $0.00 per share.

“The quarter was led by sales of our computerized system.” said Thomas E. Hebel, chairman.  “During the quarter our computerized double-output system accounted for 56 percent of sales based on volume, up from 22 percent for all of last year.  Customers appreciate the unique capability this system offers, that is, it has computerized the stress relief and weld conditioning operations that can simultaneously operate two different setups.”

Year-to-date revenue was $1,033,727, down 15.0 percent from last fiscal year’s first nine-month period.  Net income for the nine months was $101,657, up from last year’s $29,452 net income over the same period.  Earnings per share were $0.06 compared to $0.02 per share over the same period last year.

                            Three Months Ended December 31,

 

2021

2020

Revenue

$379,621

$419,834

Net Income

$46,131

$5,965

Earnings Per Share

$0.03

$0.00

 

                            Nine Months Ended December 31,

 

2021

2020

Revenue

$1.033,727

$1,215,995

Net Income

$101,657

$29,452

Earnings Per Share

$0.06

$0.02

 

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 64 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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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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