ROYAL OAK, Mich., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Bonal International, Inc., (OTC:BONL) announced today strong third quarter unaudited results ending December 31, 2017. Revenue for the third quarter was $581,603, up 47.9 percent 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.
“The third quarter continued the strong sales trend. Sales by volume were up 46 percent in this quarter over the same quarter last year,” said Thomas E. Hebel, President and CEO of Bonal International, Inc. “We are seeing the resurgence of the American metalworking market which amounted to a 74 percent increase in our USA sales by volume in the first nine months of this fiscal year.”
|Third Quarter Ending December 31|
|Net Earnings Per Share||$0.04||$0.00|
Revenue for the nine months ending December 31, 2017 was $1,725,162, up 44.8 percent 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.
|Nine Month Ending December 31|
|Net Earnings Per Share||$0.13||($0.01)|
Bonal International, Inc., through its wholly owned subsidiary, Bonal Technologies, Inc., is the patent holder and world’s leading provider of sub-harmonic vibratory stress relief and weld conditioning technology. Bonal provides three lines of equipment – Meta-Lax® Stress Relief and Weld Conditioning, Pulse Puddle Arc Welding®, and Black Magic® Distortion Control, which are sold in the United States and more than 60 countries worldwide. Headquartered in Royal Oak, Michigan, Bonal serves the aerospace, armament, automotive, die-casting, machine told building, mining, mold making, power generation, racing, shipbuilding, and welding industries. Bonal’s Meta-Lax technology is used to eliminate unwanted thermal stress in metal parts, thereby preventing distortion and cracking. Meta-Lax technology is applied at a fraction of the energy and monetary costs of competing technologies. Visit www.Bonal.com for more information or call 1-800-Meta-Lax.
Contact: Thomas E. Hebel Toll Free: 800.638.2529 ext.236 International: 248.582.0900 ext.236 Email: email@example.com
Source:Bonal Technologies, Inc.