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Omega Flex Inc - OFLX STOCK NEWS

Welcome to our dedicated news page for Omega Flex (Ticker: OFLX), a resource for investors and traders seeking the latest updates and insights on Omega Flex.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Omega Flex's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Omega Flex's position in the market.

Rhea-AI Summary
Omega Flex, Inc. appoints Stephen M. Shea as a director, bringing extensive experience in the HVAC manufacturing industry. Mr. Shea will serve on the Audit committee until the 2025 annual shareholder meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
none
-
Rhea-AI Summary
Omega Flex, Inc. announces the resignation of Derek W. Glanvill from the board of directors, effective April 4, 2024. The Company expresses gratitude for his service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
none
-
Rhea-AI Summary
Omega Flex, Inc. (OFLX) declares a regular quarterly dividend of $0.33 per share, payable on April 24, 2024, to shareholders of record on April 10, 2024. The Board of Directors will assess future dividends based on the Company's cash needs, financial condition, and operational results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
dividends earnings
Rhea-AI Summary
Omega Flex, Inc. (OFLX) reported a decrease in net sales for 2023 compared to 2022, with a 11.2% decline. The net income also decreased by 12.1% during the same period. Despite lower sales, the company saw favorable impacts from reduced expenses and higher interest income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
-
Rhea-AI Summary
Omega Flex, Inc. (OFLX) announces organizational changes, including new directors and executive roles, effective January 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
-
Rhea-AI Summary
Omega Flex, Inc. (NASDAQ: OFLX) declares a regular quarterly dividend of $0.33 per share, payable on January 4, 2024, to shareholders of record on December 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.06%
Tags
dividends earnings
Rhea-AI Summary
Omega Flex, Inc. reports a decrease in net sales and net income for the first nine months of 2023 compared to 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
-
Rhea-AI Summary
Mark F. Albino resigns from the board of directors of Omega Flex, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
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Rhea-AI Summary
Omega Flex, Inc. declares regular quarterly dividend of $0.33 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
dividends earnings
Rhea-AI Summary
Omega Flex, Inc. (OFLX) reports a decrease in net sales by 11.5% for the first six months of 2023 compared to 2022, with a 18.6% decrease in net sales for the three months ended June 30, 2023. Net income also decreased by 5.5% for the first six months of 2023 compared to 2022. The company attributes these declines to lower sales unit volumes due to a suppressed market, particularly in housing starts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.62%
Tags
Omega Flex Inc

Nasdaq:OFLX

OFLX Rankings

OFLX Stock Data

691.96M
3.32M
67.08%
36.67%
2.53%
Fabricated Pipe and Pipe Fitting Manufacturing
Manufacturing
Link
United States
Exton

About OFLX

omegaflex is a leading manufacturer of flexible metal hose, which is used in a variety of applications to carry gases and liquids within their particular applications. these applications include carrying liquefied gases in certain processing applications, fuel gases within residential and commercial buildings and vibration absorbers in high vibration applications. in addition, our flexible metal piping is used to carry other types of gases or fluids in a number of industrial applications where the customer requires a degree of flexibility, an ability to carry corrosive compounds or mixtures, a double containment system, or piping to carry gases or fluids at very high or very low (cryogenic) temperatures. omegaflex manufactures flexible metal hose at its facilities in exton, pennsylvania, with a minor amount of manufacturing performed in banbury, england. the company sells its product through distributors, wholesalers and to original equipment manufacturers (“oems”) throughout north ame