Omega Flex, Inc. Announces Second Quarter 2025 Earnings
Rhea-AI Summary
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.
Positive
- Q2 2025 net sales increased 3.7% year-over-year to $25.5 million
- Maintained stable share count at 10,094,322 shares
Negative
- H1 2025 net sales declined 2.0% year-over-year to $48.86 million
- H1 2025 net income decreased 11.4% to $7.72 million
- Q2 2025 net income fell 7.6% compared to Q2 2024
- Lower sales unit volumes due to suppressed market conditions and housing starts decline
News Market Reaction 1 Alert
On the day this news was published, OFLX declined 0.96%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
EXTON, Pa., July 30, 2025 (GLOBE NEWSWIRE) --
| OMEGA FLEX, INC. (OFLX) | |||||||||||||||
| Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net Sales | $ | 48,855,000 | $ | 49,836,000 | $ | 25,525,000 | $ | 24,620,000 | |||||||
| Net Income attributable to Omega Flex, Inc. | $ | 7,724,000 | $ | 8,715,000 | $ | 4,156,000 | $ | 4,496,000 | |||||||
| Earnings Per Share – Basic and Diluted | $ | 0.77 | $ | 0.86 | $ | 0.41 | $ | 0.45 | |||||||
| Weighted Average Shares – Basic and Diluted | 10,094,322 | 10,094,322 | 10,094,322 | 10,094,322 | |||||||||||
Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first six months of 2025 and 2024 were
Net income for the first six months of 2025 was
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
FAQ
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