Omega Flex, Inc. Announces First Quarter 2025 Earnings
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 ha comunicato i risultati finanziari del primo trimestre 2025, evidenziando una diminuzione sia del fatturato che del profitto. Le vendite nette sono calate del 7,5%, attestandosi a 23,33 milioni di dollari rispetto ai 25,22 milioni del primo trimestre 2024. L'utile netto è sceso del 15,4%, passando da 4,22 milioni a 3,57 milioni di dollari.
L'utile per azione è diminuito a 0,35 dollari da 0,42, mentre il numero medio ponderato delle azioni è rimasto stabile a 10.094.322. Il CEO Dean W. Rivest ha attribuito il calo della performance a una riduzione dei volumi di vendita, citando condizioni di mercato depresse e un calo delle nuove costruzioni residenziali come fattori chiave.
L'azienda mantiene un outlook prudente, riconoscendo le incertezze del mercato e i potenziali rischi che potrebbero influenzare le performance future. Questo approccio conservativo riflette le attuali difficoltà nel settore immobiliare.
Omega Flex reportó sus resultados financieros del primer trimestre de 2025, mostrando una disminución tanto en ingresos como en ganancias. Las ventas netas bajaron un 7,5%, situándose en 23,33 millones de dólares frente a los 25,22 millones del primer trimestre de 2024. El ingreso neto cayó un 15,4%, pasando de 4,22 millones a 3,57 millones de dólares.
Las ganancias por acción descendieron a 0,35 dólares desde 0,42, mientras que el promedio ponderado de acciones se mantuvo constante en 10.094.322. El CEO Dean W. Rivest atribuyó el descenso en el desempeño a menores volúmenes de ventas, señalando condiciones de mercado deprimidas y una caída en los inicios de viviendas como factores clave.
La empresa mantiene una perspectiva cautelosa, reconociendo las incertidumbres del mercado y los riesgos potenciales que podrían afectar el rendimiento futuro. Esta postura conservadora refleja los desafíos actuales en el sector de la vivienda.
오메가 플렉스는 2025년 1분기 재무 실적을 발표하며 매출과 이익 모두 감소했다고 밝혔습니다. 순매출은 2024년 1분기 2,522만 달러에서 7.5% 감소한 2,333만 달러를 기록했습니다. 순이익은 전년 422만 달러에서 15.4% 줄어든 357만 달러로 나타났습니다.
주당순이익은 0.42달러에서 0.35달러로 하락했으며, 가중평균 주식 수는 10,094,322주로 변동이 없었습니다. CEO 딘 W. 리베스트는 실적 하락의 원인으로 판매 단위 감소를 꼽으며, 시장 침체와 주택 착공 감소를 주요 요인으로 지적했습니다.
회사는 시장 불확실성과 미래 실적에 영향을 줄 수 있는 잠재적 위험을 인지하며 신중한 전망을 유지하고 있습니다. 이러한 보수적 입장은 주택 시장의 현재 어려움을 반영합니다.
Omega Flex a publié ses résultats financiers du premier trimestre 2025, montrant une baisse à la fois du chiffre d'affaires et du bénéfice. Les ventes nettes ont diminué de 7,5 % pour atteindre 23,33 millions de dollars, contre 25,22 millions au premier trimestre 2024. Le bénéfice net a chuté de 15,4 %, passant de 4,22 millions à 3,57 millions de dollars.
Le bénéfice par action est passé de 0,42 à 0,35 dollar, tandis que le nombre moyen pondéré d'actions est resté stable à 10 094 322. Le PDG Dean W. Rivest a attribué cette baisse de performance à une diminution des volumes de vente, citant des conditions de marché déprimées et un recul des mises en chantier comme facteurs principaux.
L'entreprise adopte une perspective prudente, reconnaissant les incertitudes du marché et les risques potentiels pouvant affecter les performances futures. Cette position conservatrice reflète les défis actuels du secteur immobilier.
Omega Flex meldete seine Finanzergebnisse für das erste Quartal 2025 und verzeichnete einen Rückgang sowohl bei Umsatz als auch Gewinn. Die Nettoverkäufe sanken um 7,5 % auf 23,33 Millionen US-Dollar im Vergleich zu 25,22 Millionen US-Dollar im ersten Quartal 2024. Der Nettoertrag fiel um 15,4 % von 4,22 Millionen auf 3,57 Millionen US-Dollar.
Das Ergebnis je Aktie sank von 0,42 auf 0,35 US-Dollar, während die gewichtete durchschnittliche Anzahl der Aktien mit 10.094.322 konstant blieb. CEO Dean W. Rivest führte den Leistungsrückgang auf geringere Verkaufsstückzahlen zurück und nannte gedämpfte Marktbedingungen sowie einen Rückgang der Wohnungsbaubeginne als Hauptgründe.
Das Unternehmen behält einen vorsichtigen Ausblick bei und erkennt die Marktunsicherheiten sowie potenzielle Risiken an, die die zukünftige Leistung beeinträchtigen könnten. Diese konservative Haltung spiegelt die aktuellen Herausforderungen im Wohnungsmarkt wider.
- None.
- Net sales decreased 7.5% to $23.33M in Q1 2025 vs $25.22M in Q1 2024
- Net income fell 15.4% to $3.57M in Q1 2025 from $4.22M in Q1 2024
- Earnings per share dropped to $0.35 from $0.42 year-over-year
- Lower sales unit volumes due to suppressed market conditions
- Decline in housing starts affecting business performance
Insights
Omega Flex reported declining Q1 2025 results with net income down 15.4% and sales down 7.5%, impacted by housing market weakness.
The Q1 2025 results for Omega Flex reveal notable deterioration in the company's financial performance. Net sales declined by
The earnings per share decreased from
Management attributes the performance decline to lower sales volumes resulting from suppressed market conditions, specifically citing a decline in housing starts. This external factor indicates the company's revenue stream is significantly tied to residential construction activity.
Despite the downward trend, Omega Flex remains profitable with a quarterly net income of
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
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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