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Omega Flex, Inc. Announces First Quarter 2025 Earnings

1. OFLX reports net sales of $23.33 million, down 7.5% from 2024. 2. Net income decreased to $3.57 million, a 15.4% drop year-over-year. 3. Lower sales due to decreased unit volumes and declining housing starts.

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$29.9604/30 04:24 PM EDTEvent Start
$29.3105/01 11:26 PM EDTLatest Updated
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FAQ

Why Bearish?

The decrease in sales and income indicates underlying weakness in demand, reminiscent of past periods where similar declines preceded stock price drops.

How important is it?

The article provides crucial financial data that can affect investor sentiment and stock valuation.

Why Short Term?

Immediate impacts are likely due to investor reactions to disappointing quarterly results.

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SPXXHBHDLOW
April 30, 2025 16:15 ET  | Source: Omega Flex, Inc. EXTON, Pa., April 30, 2025 (GLOBE NEWSWIRE) --   OMEGA FLEX, INC. (OFLX)     Three Months Ended March 31,        2025        2024           Net Sales $23,330,000 $25,216,000          Net Income attributable to Omega Flex, Inc. $3,568,000 $4,219,000          Earnings Per Share - Basic and Diluted $0.35 $0.42          Weighted Average Shares - Basic and Diluted  10,094,322  10,094,322           Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first quarters of 2025 and 2024 were $23,330,000 and $25,216,000, respectively, decreasing $1,886,000 or 7.5%.  Net income for the first quarters of 2025 and 2024 were $3,568,000 and $4,219,000, respectively, decreasing $651,000 or 15.4%.  The decrease in net sales and net income was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts. INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements, which are subject to inherent uncertainties which are difficult to predict and may be beyond the ability of Omega Flex to control. Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are not historical facts, but rather reflect Omega Flex’s current expectations concerning future results and events. The words “believes,” “expects,” “intends,” “plans,” “anticipates,” “hopes,” “likely,” “will,” and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance, or achievements of Omega Flex (or entities in which Omega Flex has interests) or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s view only as of the date of this press release. Omega Flex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, conditions, or circumstances. Contact: Dean W. Rivest(610) 524-7272

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