Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings [Yahoo! Finance]
Omega Flex, Inc. (OFLX)
US:NASDAQ Investor Relations:
omegaflexcorp.com
Company Research
Source: Yahoo! Finance
Net Sales Net Income attributable to Omega Flex, Inc. Earnings Per Share – Basic and Diluted Weighted Average Shares – Basic and Diluted EXTON, Pa., March 06, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO , announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for 2023 and 2022 were $111,465,000 and $125,487,000, respectively, decreasing 11.2%. Net sales for the fourth quarter of 2023 were 8.7% lower than during the same period in 2022. The decrease in net sales was mainly due to lower sales unit volumes as a result of the overall market continuing to be suppressed because of, among other factors, a decline in housing starts. The Company's net income for 2023 was $20,763,000 compared to $23,622,000 during 2022, decreasing $2,859,000 or 12.1%, mainly due to the decrease in net sales. Although net sales were lower, the results for 2023 were favorably impacted by lower product liability reserves and expenses, lower marketing commissions and freight, hig
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News
- Omega Flex, Inc. Announces First Quarter 2024 EarningsGlobeNewswire
- Omega Flex, Inc. Announces Election of a Director: Stephen M. SheaGlobeNewswire
- Omega Flex, Inc. Announces Departure of a Director: Derek W. GlanvillGlobeNewswire
- Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024GlobeNewswire
OFLX
Sec Filings
- 5/3/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/26/24 - Form DEF
- OFLX's page on the SEC website