Bonal International, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
November 08, 2016 at 12:23 pm EST
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Bonal International, Inc. announced earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company's revenue results of $448,679 compared to $554,057 a year ago. This is a 28.4% increase over the first quarter but it is down 19.0% from last year’s second quarter. Net income for the second quarter was $16,471, up from last quarter’s loss of $21,332, but down from last year’s second quarter’s net income of $62,542. Earnings per share for the second quarter were $0.01, down from last year’s second quarter earnings of $0.04 per share.
Year-to-date revenue was $798,085, down 36.3% from last fiscal year’s first six-month period. Net income for the six months was a small loss of $4,860, down from last year’s $208,767 net income over the same six-month period.
Bonal International, Inc. provides a complete variety of consulting, training, program designing and metal stress relief services to several industries, including automotive, aerospace, mining, petroleum, shipbuilding, welding, machine tooling, plastic molding, racing, engine building, armament, and die casting. The Company's patented technology and its three distinct product lines include Meta-Lax Stress Relief, Pulse Puddle Arc Welding (PPAW) and Black Magic. It sells its products throughout the United States and in 64 foreign countries. Meta-Lax equipment is the Companyâs main product line. The Meta-Lax equipment can be used to stress relieve metal work pieces in place of heat treat stress relief and/or can be used during welding. Its facility has a storage capacity of approximately 9,000 pallets. Its Meta-Lax equipment includes Series 2000, Series 2400 and Series 2800.
BONAL INTERNATIONAL, INC. 