OFLX

Shares of Omega Flex, Inc. OFLX have declined 5.6% since the company reported its earnings for the quarter ended June 30, 2026, compared with a 0.4% decline in the S&P 500 index over the same period. Over the past month, Omega Flex shares have fallen 4.7%, while the S&P 500 has advanced 2.9%. For the second quarter of 2026, Omega Flex reported earnings per share of 27 cents, down 34.1% from 41 cents a year earlier. Net sales of $24.1 million denoted a 5.8% fall from $25.5 million in the year-ago quarter. Net income attributable to Omega Flex declined to $2.7 million from $4.2 million. Gross profit decreased to $13.2 million from $15.4 million, while operating profit fell 35.3% to $3.1 million from $4.7 million. The gross margin contracted to 55% from 60.4%, and the operating margin narrowed to 12.7% from 18.5%. Omega Flex, Inc. price-consensus-eps-surprise-chart | Omega Flex, Inc. Quote Selling expenses increased 3.7% year over year to $5.4 million and represented 22.5% of net sales, compared with 20.4% a year earlier. General and administrative expenses declined 16.2% to $3.5 million and fell to 14.4% of sales from 16.2%. Engineering expenses decreased 4.2% to $1.3 million, although they edged up as a percentage of sales to 5.4% from 5.3%. Interest income declined 13.2% to $0.4 million, primarily because of lower interest rates. Income tax expense fell 34.7% to $0.9 million, while the effective tax rate increased to 25.1% from 24.6%. Omega Flex maintained a substantial liquidity position despite lower cash generation. Cash and cash equivalents stood at $47.9 million at June 30, down from $53.2 million at Dec. 31, 2025. Total assets were $100.7 million, down from $105 million at 2025-end. Total shareholders’ equity decreased to $81.8 million from $84 million over the same period. Cash generated from operating activities totaled $2.4 million during the first six months of 2026 compared with $7 million a year earlier. The company also had an unused $15 million revolving credit facility and no outstanding borrowings at quarter-end. Management attributed the lower gross profit primarily to increased raw-material costs, including inbound transportation expenses and tariffs. The increase in selling expenses largely reflected higher trade-show and advertising spending. Meanwhile, lower general and administrative expenses primarily resulted from reduced product-liability reserves and expenses, as well as lower incentive compensation tied to profitability. Product-liability costs benefited from lower lawsuit, investigation and claim-related expenses and lower insurance premiums following the company's decision to self-insure most claims involving its yellow-jacketed TracPipe CSST made on or after Sept. 1, 2025. Management also said its existing cash and cash equivalents, together with available borrowing capacity, should be sufficient to meet anticipated cash requirements for at least the next 12 months. Future capital requirements will depend on factors including revenue growth, expansion activity and potential investments in or acquisitions of complementary products, businesses or additional facilities. Margin pressure was the central factor weighing on second-quarter profitability. The 5.8% sales decline was compounded by higher raw-material, transportation and tariff costs, pushing gross margin down 540 basis points year over year. Higher selling expenses added pressure, although the impact was partly offset by the sizable decline in general and administrative costs. Engineering spending also decreased modestly during the quarter because of lower product-development and certification-related expenses. These factors collectively drove the 35.3% decline in operating profit, substantially exceeding the percentage decline in sales. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Omega Flex, Inc. (OFLX): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EXTON, Pa., Aug. 12, 2026 (GLOBE NEWSWIRE) -- Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc. (the “Company”), announced that net sales of the Company for the six months ended June 30, 2026 and 2025 were $47,150,000 and $48,855,000, respectively, decreasing by $1,705,000 or 3.5%. Net sales for the three months ended June 30, 2026 were 5.8% lower than net sales for the three months ended June 30, 2025. The decrease in net sales 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. Net income for the six months ended June 30, 2026 was $4,752,000, compared to net income of $7,724,000 for the six months ended June 30, 2025, decreasing by $2,972,000 or 38.5% (the “Six Month Decrease”). Net income for the three months ended June 30, 2026 was 35.6% below net income for the same period in 2025 (the “Three Month Decrease”). The decrease in net income was mainly due to higher raw material costs (including inbound transportation costs and tariffs); marketing efforts; and product enhancement and certification related expenses. The higher costs and expenses described above were partly offset by lower product liability reserves and expenses. Approximately 30% of the Six Month Decrease, and 54% of the Three Month Decrease, was due to the above-described higher raw material costs (including inbound transportation costs and tariffs) and marketing efforts that were attributable to the procurement of inventory and introduction of the new re-engineered flexible gas piping fitting described below. These higher costs will continue as the Company procures raw materials to achieve targeted inventory levels and markets the new fitting. However, the Company believes that these higher costs will be limited in duration and will normalize over time. During the six months ended June 30, 2026, the Company continued to pursue product enhancements intended to strengthen its market position. On July 1, 2026, the Company introduced a re-engineered flexible gas piping fitting designed to support a broader range of applications across both residential and commercial construction markets. The new TracPipe® System branded fitting is designed to ease installation while enhancing overall safety and reliability. The Company believes that in the commercial sector, the fitting is particularly well suited for larger diameter systems, including sizes up to two inches, helping to address the requirements of more demanding installations. The Company continues to make targeted investments in equipment and facilities intended to expand capacity, enhance operational efficiency, and support geographic growth by improving its ability to serve customers and distribution partners across existing and new markets. In addition, the Company is pleased to announce that its innovative medical-grade product, MediTrac® corrugated medical tubing (CMT), received Conformité Européenne (CE) mark certification under the European Union Medical Device Regulation (EU MDR 2017/745) in August of 2026, as a Class IIa medical device. Achieving EU MDR certification, a lengthy and rigorous process, demonstrates that MediTrac CMT meets applicable European standards for safety, quality, and clinical performance. The Company is not aware of any other manufacturers of CMT. MediTrac CMT, developed exclusively by the Company, is patent protected and complies with the stringent requirements of Health Care Facilities Code NFPA 99, Canadian Standard Z7396.1 (Medical Gas Pipeline Systems), and now, EU MDR 2017/745. MediTrac CMT is engineered for the safe and efficient distribution of medical gases in healthcare facilities, offering a flexible, durable, and installation‑friendly alternative to traditional rigid copper tubing. It is manufactured by the Company’s subsidiary, Flex-Trac, Inc., in Exton, Pennsylvania. EU MDR compliance reflects the rigor of our design and manufacturing controls and is maintained under an ISO 13485:2016-certified quality management system. MediTrac CMT has been installed in healthcare facilities across 48 U.S. states, Canada, the United Kingdom, Southeast Asia, and other international markets. “We are extremely proud to achieve CE mark certification for MediTrac CMT,” said Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc. and President and Chief Executive Officer of Flex-Trac, Inc. “Combined with the ISO 13485:2016 quality management system certification, this milestone highlights our dedication to producing safe, reliable, and innovative medical gas tubing solutions for healthcare systems around the world. We believe MediTrac CMT has the potential to serve as a scalable growth platform that extends our engineering expertise into new geographic regions and markets while leveraging our established manufacturing and quality systems.” INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s financial condition, results of operations, future performance, growth strategies, business initiatives and anticipated trends. Forward-looking statements can generally be identified by words such as “may,” “should,” “will,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future,” “intends,” “projects,” the negative of these terms, or other comparable terminology. These forward-looking statements may include the Company’s projections, statements related to the Company’s anticipated growth strategies, descriptions of business initiatives and anticipated trends in the Company’s business. Forward-looking statements are neither historical facts nor assurances of future performance. Rather, they are based on current beliefs, expectations and assumptions regarding the Company’s business, strategies and anticipated events and trends. These statements are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict, many of which are outside of our control, and actual results could differ materially from those expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation, other than as required by law, to update or revise any forward-looking statements to reflect events or circumstances after the date hereof. Further information regarding risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements is included in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) and in the Company’s subsequent reports and filings with the SEC, as applicable. Contact: Dean W. Rivest(610) 524-7272

Shares of Omega Flex, Inc. OFLX have declined 15.6% since the company reported its earnings for the quarter ended March 31, 2026, underperforming the S&P 500 index’s 1.5% growth over the same period. The stock has also lagged more broadly over the past month, falling 11% against the S&P 500’s 10.1% gain, reflecting negative investor sentiment following the release. Omega Flex reported first-quarter 2026 earnings per share of 21 cents, which dropped from 35 cents in the prior-year period. Net sales were $23.1 million, down about 1% from $23.3 million in the year-ago quarter. Net income attributable to the company fell significantly to $2.1 million from $3.6 million, representing a decline of 41.8%. Operating profit also decreased to $2.3 million from $4.1 million, indicating a 42.9% year-over-year decline. Omega Flex, Inc. price-consensus-eps-surprise-chart | Omega Flex, Inc. Quote The company’s profitability was impacted by margin compression and rising expenses. Gross profit declined to $13.1 million from $14.1 million, while gross margin narrowed to 56.7% from 60.3% a year earlier. Management attributed this decline primarily to higher raw material costs, including the impact of tariffs. Operating expenses showed mixed trends. Selling expenses increased 9.9% year over year to $5.5 million, driven by higher trade show participation, advertising, salary-related costs and freight expenses. Engineering expenses rose sharply by 33.8% to $1.5 million, reflecting increased spending on product development and certification. Meanwhile, general and administrative expenses declined 3.2% to $3.8 million, largely due to lower legal, product liability and incentive compensation costs. Several operational factors contributed to the weaker earnings profile. Rising input costs — particularly for raw materials — played a central role in reducing margins. Additionally, higher discretionary spending on marketing initiatives and product development weighed on operating income. Foreign exchange movements also affected results, with the company reporting a $0.09 million loss in other income compared to an $0.08 million gain in the prior-year quarter. This shift was largely due to a stronger U.S. dollar relative to the British pound and euro. Lower interest income, declining to $0.46 million from $0.51 million, further pressured overall earnings, reflecting a modest reduction in returns on cash investments. Omega Flex maintained a strong balance sheet with $49.8 million in cash and cash equivalents at quarter-end, though this was down from $53.2 million at the end of 2025. The decrease was largely due to dividend payments of approximately $3.4 million and capital expenditures of $0.7 million, partially offset by operating cash flow of $0.6 million. The company continues to prioritize shareholder returns, maintaining its quarterly dividend at 34 cents per share. It also retains access to a $15 million revolving credit facility, with no outstanding borrowings, providing additional financial flexibility. Management highlighted that the company’s business remains concentrated in flexible metal hose products serving construction and industrial markets. While no explicit forward guidance was provided, management expressed confidence in liquidity, noting that existing cash and borrowing capacity are sufficient to meet anticipated needs over the next 12 months. The company also emphasized ongoing investments in product innovation, including its MediTrac corrugated medical tubing, which is designed to improve installation efficiency in healthcare facilities. Omega Flex continues to manage product liability risks and has transitioned to self-insuring certain claims related to its TracPipe CSST product line for claims made after Sept. 1, 2025. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Omega Flex, Inc. (OFLX): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EXTON, Pa., April 29, 2026 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first quarters of 2026 and 2025 were $23,093,000 and $23,330,000, respectively, decreasing $237,000 or 1.0%. Net income for the first quarters of 2026 and 2025 were $2,007,000 and $3,568,000, respectively, decreasing $1,491,000 or 41.8%. The decrease in net income was mainly due to rising raw material costs, including tariffs, marketing efforts, and product enhancement and certification related expenses. During the quarter, the Company continued to make targeted investments in equipment and facilities to expand capacity, enhance operational efficiency, and support geographic growth, while pursuing product enhancements intended to strengthen its market position beyond traditional markets. INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s financial condition, results of operations, future performance, growth strategies, business initiatives and anticipated trends. Forward-looking statements can generally be identified by words such as “may,” “should,” “will,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future,” “intends,” “projects,” the negative of these terms, or other comparable terminology. Forward-looking statements are neither historical facts nor assurances of future performance. Rather, they are based on current beliefs, expectations and assumptions regarding the Company’s business, strategies and anticipated events and trends. These statements are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict, many of which are outside of our control, and actual results could differ materially from those expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation, other than as required by law, to update or revise any forward-looking statements to reflect events or circumstances after the date hereof. Further information regarding risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements is included in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission. Contact: Dean W. Rivest (610) 524-7272

Shares of Omega Flex, Inc. OFLX have declined 20.4% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 1.2% decline over the same time frame. Over the past month, the stock has declined 21.2% compared with the S&P 500’s 3% decrease. Omega Flex reported fourth-quarter 2025 earnings per share of 34 cents, which dropped from 46 cents in the prior-year period. Net sales totaled $25.2 million, down from $27 million in the same quarter of 2024, representing a decline of roughly 6.5%. Net income attributable to Omega Flex fell to $3.4 million from $4.7 million a year earlier, marking a 27.1% decrease. Omega Flex, Inc. price-consensus-eps-surprise-chart | Omega Flex, Inc. Quote For the full year, the company generated net sales of $98.3 million compared with $101.7 million in 2024, a decrease of about 3.3%. Net income for 2025 was $14.8 million versus $18 million in the previous year, a decline of 17.7%, while earnings per share declined to $1.47 from $1.78. Omega Flex’s revenue decline during the quarter and the full year was primarily attributed to lower sales unit volumes. According to management, the company’s overall market environment remained under pressure, which weighed on demand for its flexible metal hose and gas piping products. The company noted that a significant contributing factor to the reduced sales levels was a decline in housing starts. Since Omega Flex products are widely used in construction-related applications — particularly in residential and commercial gas piping systems — changes in construction activity can materially influence demand. The 6.5% drop in fourth-quarter net sales reflects these market conditions. While the decrease was modest on a full-year basis, the contraction in volume underscores a continued slowdown in end markets that rely heavily on construction activity. The decline in profitability during the quarter and the full year was more pronounced than the drop in revenues. Management indicated that the reduction in net income was driven not only by lower sales but also by higher operating expenses related to product development, certification and consulting activities. These costs contributed to the sharper decline in earnings relative to revenue. For the fourth quarter, the impact was particularly evident. Net income decreased year over year, suggesting that both lower volumes and elevated expenses weighed on operating performance during the period. Chief executive officer Dean W. Rivest stated that the company’s net sales decline was largely the result of lower sales unit volumes in a market environment that remained subdued. The company cited broader market weakness — especially tied to declining housing starts — as a key factor suppressing demand. Rivest also pointed to increased expenditures related to product development and certification efforts. These initiatives, along with consulting-related expenses, contributed to the overall decline in profitability during the year. While such spending can be associated with product innovation and compliance requirements, it added to cost pressures during a period when revenue growth slowed. Several factors influenced Omega Flex’s financial performance in the quarter and the full year. The most prominent driver was weakening demand tied to the housing market. As construction activity softened, demand for gas piping and related products declined. At the same time, the company increased investment in product development and certification-related activities. These initiatives raised operating expenses and contributed to the larger percentage drop in net income compared with the relatively smaller decline in sales. The combination of lower sales volumes and higher development-related costs created margin pressure across the reporting periods. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Omega Flex, Inc. (OFLX): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EXTON, Pa., March 04, 2026 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for 2025 and 2024 were $98,296,000 and $101,681,000, respectively, decreasing $3,385,000 or 3.3%. Net Sales for the fourth quarter of 2025 were 6.5% lower than during the same period in 2024. The decrease in net sales 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. The Company’s net income for 2025 was $14,827,000, compared to $18,014,000 during 2024, decreasing $3,187,000 or 17.7%. Net income for the fourth quarter of 2025 was 27.1% below the same period in 2024. The decrease in net income for 2025 is mainly due to the decrease in net sales and an increase in product development, certification and consulting related expenses. 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