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.