Omega Flex Stock Price, News & Analysis

Omega Flex (NASDAQ: OFLX) has declared a regular quarterly dividend of $0.34 per share for the third quarter of 2025. The dividend will be payable on October 8, 2025, to shareholders of record as of September 25, 2025.

The Board of Directors will continue to evaluate future quarterly dividends based on several factors, including the company's cash needs, operational results, financial condition, capital expenditure plans, and potential acquisitions.

Omega Flex (OFLX) reported mixed financial results for Q2 2025. The company saw a 3.7% increase in Q2 2025 net sales to $25.5 million compared to Q2 2024, while net income declined 7.6% to $4.16 million.

For the first half of 2025, net sales decreased 2.0% to $48.86 million from $49.84 million in H1 2024. Six-month net income fell 11.4% to $7.72 million compared to $8.72 million in the prior year period. The company attributed the overall performance decline to lower sales unit volumes, citing suppressed market conditions and a decline in housing starts.

Omega Flex (NASDAQ: OFLX) has declared a regular quarterly dividend of $0.34 per share for the second quarter of 2025. The dividend will be paid on July 10, 2025, to shareholders of record as of June 30, 2025. The company's Board of Directors determines the dividend amount quarterly based on various factors including cash needs, operational results, financial condition, capital expenditure plans, and potential acquisition considerations. This approach ensures the dividend reflects the company's current financial position and future strategic requirements.

Omega Flex reported its first quarter 2025 financial results, showing a decline in both revenue and profit. Net sales decreased by 7.5% to $23.33 million, compared to $25.22 million in Q1 2024. Net income fell 15.4% to $3.57 million from $4.22 million in the previous year.

Earnings per share dropped to $0.35 from $0.42, while the weighted average shares remained constant at 10,094,322. CEO Dean W. Rivest attributed the performance decline to lower sales unit volumes, citing suppressed market conditions and a decline in housing starts as key factors.

The company maintains a cautious outlook, acknowledging market uncertainties and potential risks that could impact future performance. This conservative stance reflects current market challenges in the housing sector.

Omega Flex (NASDAQ: OFLX) has announced its regular quarterly dividend for the first quarter of 2025. The Board of Directors has declared a dividend of $0.34 per share, which will be paid on April 22, 2025, to shareholders of record as of April 10, 2025.

The company's Board will continue to determine future quarterly dividend amounts based on several factors, including: cash requirements, operational results, financial condition, capital expenditure plans, and potential acquisitions.

Omega Flex (NASDAQ: OFLX) reported its fourth quarter and full-year 2024 financial results, showing declining performance across key metrics. Net sales for 2024 decreased by 8.8% to $101,681,000, compared to $111,465,000 in 2023. The fourth quarter of 2024 saw net sales decline by 4.2% compared to the same period in 2023.

The company's net income for 2024 fell by 13.2% to $18,014,000, down from $20,763,000 in 2023. Fourth quarter net income was 4.2% lower than the same period in 2023. The performance decline was primarily attributed to lower sales unit volumes in a suppressed market affected by declining housing starts, increased salary-related expenses, and higher travel costs.

Omega Flex (NASDAQ: OFLX) has announced a regular quarterly dividend of $0.34 per share. The dividend will be paid on January 7, 2025, to shareholders of record as of December 19, 2024. The Board of Directors determines the dividend amount based on several factors, including the company's cash requirements, operational results, financial condition, capital expenditure plans, and potential acquisitions.

Omega Flex (OFLX) reported declining financial results for Q3 2024. Net sales decreased by 10.3% to $74.7 million for the first nine months of 2024, compared to $83.3 million in 2023. Third-quarter net sales fell 9.5% year-over-year. Net income dropped 16% to $13.3 million for the nine-month period, with Q3 net income declining 17.2% compared to 2023. The company attributed these decreases to lower sales volumes amid suppressed market conditions and declining housing starts. Higher overhead expenses from newly leased facilities impacted profitability, though lower raw material costs helped partially offset the decline.

Omega Flex, Inc. (NASDAQ: OFLX) has announced a regular quarterly dividend of $0.34 per share for the third quarter of 2024. The dividend is payable on October 8, 2024, to shareholders of record as of September 26, 2024. The company's Board of Directors determines the dividend amount quarterly, considering factors such as cash needs, financial condition, capital expenditure plans, and potential acquisitions. This decision reflects Omega Flex's commitment to returning value to shareholders while maintaining financial flexibility for future growth opportunities.