Bonal International, Inc. Announces Earnings Results for Second Quarter and Six Months September 30, 2015
November 16, 2015 at 05:39 pm
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Bonal International, Inc. announced earnings results for second quarter and six months September 30, 2015. For quarter, the company reported revenue results of $554,057. This total is a 27.4% increase from last year's second quarter of $434,857. Net income more than doubled to $62,552, from last year's net income of $28,190 for the same quarter and represented a solid 11.3% profit for the quarter. Earnings per share were $0.04 per share in the second quarter of fiscal year 2016 compared to $0.02 per share for the second quarter of last year.
For the six months, revenue was $1,252,436 against $1,053,002 a year ago. Net income was $208,767 against $138,244 a year ago. Earnings per share were $0.12 against $0.08 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. 
