Bonal International, Inc. Announces Earnings Results for the Fourth Quarter and Year Ended March 31, 2018
July 06, 2018 at 09:57 pm IST
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Bonal International, Inc. announced earnings results for the fourth quarter and year ended March 31, 2018. The company announced that fiscal year 2018 was its fourteenth consecutive profitable year. Revenue was $2,292,208, up 42.3%, rebounding from last year’s revenue of $1,610,471. Net income surged to $284,753, up from $54,357 last year. Earnings per share were $0.16 per share, up from last year’s $0.03 per share
For the fourth quarter, the company reported revenue was $567,046 compared to $419,088 a year ago. Net income was $53,654 compared to $64,278 a year ago. Earnings per share were $0.03 compared to $0.04 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. 
