Bonal International, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 14, 2018 at 09:22 am EST
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Bonal International, Inc. reported unaudited earnings results for the third quarter and nine months ended December 31, 2017. Revenue for the third quarter was $581,603, up 47.9% over last year’s third quarter of $393,298. Net income for the quarter was $68,467, up from a slight loss of $5,060 for the same quarter last year. Earnings per share were $0.04 compared to breakeven for last fiscal year’s third quarter. Sales by volume were up 46% in this quarter over the same quarter last year.
Revenue for the nine months ending December 31, 2017 was $1,725,162, up 44.8% over last year’s nine month figures. Net income was very strong at $231,099 versus a small loss of $9,920 for the first nine month of last year. Earnings per share were $0.13, up from a loss of $0.01 per share last year.
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. 
