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.