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Bonal International Reports First Quarter Results for Fiscal Year 2024

Bonal International Reports First Quarter Results for Fiscal Year 2024

Royal Oak, Mich., November 7, 2023—Bonal International, Inc. announced that fiscal year 2024 started down from last fiscal year regarding revenue generation.  Revenue was off 15.9 percent to $405,518 from $482,360, last year’s first quarter.  The first quarter of fiscal 2024 generated a net loss of $19,792 compared to $19,202 last year.  Earnings per share was $(0.01), compared to $0.01 last year.

“This quarter was a turning point for Bonal and for me,” said Thomas E. Hebel, Chairman. “I stepped down as President of Bonal Technologies, Inc. and I will continue as Chairman of the Board of Bonal International, Inc.  During this quarter the board identified and hired my successor as president—Torsten Warnatsch.  We are excited to have Mr. Warnatsch join the company, particularly since he is bringing a wealth of experience as an automotive supplier.  Mr. Warnatsch has numerous contacts within the automotive and aerospace industries throughout North America and Europe.  The recruiting fees incurred to hire Mr. Warnatsch were posted during the quarter, resulting in a net loss for the quarter.”

First Quarter Ending June 30,

 

2023

2022

Revenue

$405,518

$482,360

Net Income

($19,792)

$19,202

Net Earnings Per Share

($0.01)

$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 a Meta-Lax stress relief product line which has 15 models. Meta-Lax 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, 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.

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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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