Bonal International Reports Profitable Third Quarter for Fiscal Year 2022
Royal Oak, Mich., February 14, 2022 – Bonal International, Inc., (OTC: BONL) announced revenue results of $361,594 for the third quarter ended December 31, 2021, which was down 4.7 percent over the last year’s third quarter. Net income for the third quarter was $12,221, down from last year’s third quarter of $46,131. Earnings per share for the third quarter were $0.01 per share, down from last year’s third quarter earnings of $0.03 per share.
“The quarter was led by sales from our current customers ordering additional Meta-Lax equipment.” said Thomas E. Hebel, chairman. “During the quarter our current customers and referrals from customers accounted for 67 percent of sales based on volume, up from a 49 percent historical average. Customers appreciate the unique production efficiencies and competitive edge that Meta-Lax equipment gives them.”
Year-to-date revenue was $1,326,065, up 28.3 percent from last fiscal year’s first nine-month period. Net income for the nine months was $125,194, up from last year’s $101,657 net income over the same period. Earnings per share were $0.07 compared to $0.06 per share over the same period last year.
| Three Months Ended December 31, | ||
|
| 2021 | 2020 |
| Revenue | $361,594 | $379,621 |
| Net Income | $12,221 | $46,131 |
| Earnings Per Share | $0.01 | $0.03 |
| Nine Months Ended December 31, | ||
|
| 2021 | 2020 |
| Revenue | $1,326,065 | $1,033,727 |
| Net Income | $1254,194 | $101,657 |
| Earnings Per Share | $0.07 | $0.06 |
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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