Bonal International, Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
February 14, 2017 at 11:00 am
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Bonal International, Inc. reported unaudited earnings results for the third quarter and nine months ended December 31, 2016. Revenue for the third quarter was $393,298, down 26% from last year’s third quarter of $532,288. Net loss for the quarter was $5,060 compared with last year’s net income $18,482 or $0.01 per share for the same quarter.
Revenue for the nine months ending December 31, 2016 was down 33% to $1,191,383 from $1,784,723 over the same period in fiscal year 2016. The nine months year-to-date net income was a slight loss of $9,920 or $0.01 per share down from last year’s net income of $227,249 or $0.13 per share over the same 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. 
