Bonal International Reports Profitable Second Quarter for Fiscal Year 2022
Royal Oak, Mich., November 11, 2021 – Bonal International, Inc., (OTC: BONL) announced revenue results of $553,355 for the second quarter ended September 30, 2021, which was up 48.4 percent over the last year’s second quarter and up 34.6 percent over the this year’s first quarter. Net income for the second quarter was $76,638, up from last year’s second quarter of $63,799 and up from this year’s first quarter’s net income of $36,335. Earnings per share for the second quarter was $0.04 per share, same as last year’s second quarter earnings.
“The quarter was led by sales of our state-of-the-art system.” said Thomas E. Hebel, chairman. “During the quarter our model 2800 fully automatic system accounted for an impressive 80 percent of sales based on volume, up 27 percent from last year’s average. Our customers clearly value the industry-leading convenience, accuracy, and the efficiency that are exclusive to our fully automatic stress relief system.
Year-to-date revenue was $964,471, up 47.4 percent from last fiscal year’s first six-month period. Net income for the six months was $112,973, up from last year’s $55,526 net income over the same period. Earnings per share was $0.06 compared to $0.03 per share over the same period last year.
| Three Months Ended September 30, | ||
|
| 2021 | 2020 |
| Revenue | $553,355 | $372,869 |
| Net Income | $76,638 | $63,799 |
| Earnings Per Share | $0.04 | $0.04 |
| Six Months Ended September 30, | ||
|
| 2021 | 2021 |
| Revenue | $964,471 | $654,106 |
| Net Income | $112,973 | $55,526 |
| Earnings Per Share | $0.06 | $0.03 |
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 series of models within the Meta-Lax® product line, manual, semi-automatic, and fully automatic, 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.