Bonal International, Inc. Reports Earnings Results for the Fourth Quarter and Year Ended March 31, 2019
July 18, 2019 at 12:04 pm EDT
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Bonal International, Inc. reported earnings results for the fourth quarter and year ended March 31, 2019. For the year, the company’s revenue was $1,602,768, down 30.0%, from last year’s revenue of $2,292,208. Net income was $51,990, down from $284,753 in last year. Earnings per share were $0.03 per share, down from last year’s $0.16 per share.
For the quarter, the company reported revenue of $404,736 compared to $567,046 a year ago. Net income was $32,960 compared to $53,654 a year ago. Earnings per share were $0.02 compared to from $0.03 a year ago.
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. 
