Omega Flex, Inc. (OFLX)

NASDAQ: OFLX · Real-Time Price · USD
49.37
-1.06 (-2.09%)
Nov 20, 2024, 4:00 PM EST - Market closed
-2.09%
Market Cap 498.36M
Revenue (ttm) 102.86M
Net Income (ttm) 18.22M
Shares Out 10.09M
EPS (ttm) 1.81
PE Ratio 27.35
Forward PE n/a
Dividend $1.36 (2.76%)
Ex-Dividend Date Sep 26, 2024
Volume 8,926
Open 50.00
Previous Close 50.43
Day's Range 48.72 - 50.02
52-Week Range 43.86 - 85.92
Beta 0.39
Analysts n/a
Price Target n/a
Earnings Date Oct 30, 2024

About OFLX

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It ... [Read more]

Sector Industrials
IPO Date Aug 1, 2005
Employees 168
Stock Exchange NASDAQ
Ticker Symbol OFLX
Full Company Profile

Financial Performance

In 2023, Omega Flex's revenue was $111.47 million, a decrease of -11.17% compared to the previous year's $125.49 million. Earnings were $20.76 million, a decrease of -12.10%.

Financial Statements

News

Omega Flex, Inc. Announces Third Quarter 2024 Earnings

EXTON, Pa., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first nine months of 2024 and 2023 were $74,716,000 and $83,318,...

21 days ago - GlobeNewsWire

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024

EXTON, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share paya...

2 months ago - GlobeNewsWire

Omega Flex, Inc. Announces Second Quarter 2024 Earnings

EXTON, Pa., July 31, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first six months of 2024 and 2023 were $49,836,000 and $55,822,0...

4 months ago - GlobeNewsWire

10 Upcoming Dividend Increases

I highlight ten companies with a history of raising dividends this week. The list will complete not only June, but the first half of 2024. Dividend King National Fuel Gas Company extends its streak wi...

5 months ago - Seeking Alpha

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2024

EXTON, Pa., June 13, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on July 10, ...

5 months ago - GlobeNewsWire

Omega Flex, Inc. Announces First Quarter 2024 Earnings

EXTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for the first quarters of 2024 and 2023 were $25,216,000 ...

7 months ago - GlobeNewsWire

Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea

EXTON, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that that our board of directors elected Stephen M. Shea as a director. Mr. Shea has been...

8 months ago - GlobeNewsWire

Omega Flex, Inc. Announces Departure of a Director: Derek W. Glanvill

EXTON, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that Derek W. Glanvill, a Class 2 director, has resigned from the board of directors of t...

8 months ago - GlobeNewsWire

Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024

EXTON, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share paya...

8 months ago - GlobeNewsWire

Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings

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, r...

9 months ago - GlobeNewsWire

Omega Flex: Becoming More Appealing, But Valuation Still Relatively High

Revenues increased in Q3 2023 after four quarters of consecutive declines. Margins also improved, and the company is highly profitable. The balance sheet is very robust and the company is debt-free.

10 months ago - Seeking Alpha

Omega Flex, Inc. Board and Organizational Changes

EXTON, Pa., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of...

11 months ago - GlobeNewsWire

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2023

EXTON, Pa., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payab...

1 year ago - GlobeNewsWire

Omega Flex, Inc. Announces Third Quarter 2023 Earnings

EXTON, Pa., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first nine months of 2023 and 2022 were $83,318,000 and $94,670,000, resp...

1 year ago - GlobeNewsWire

Omega Flex, Inc. Announces Departure of a Director: Mark F. Albino

EXTON, Pa., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announces that Mark F. Albino has resigned from the board of directors of the Company, effective September 30, 202...

1 year ago - GlobeNewsWire

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2023

EXTON, Pa., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share paya...

1 year ago - GlobeNewsWire

Omega Flex: Boring Stock Facing Temporary Headwinds, But Valuation Still High

Omega Flex has seen a significant reduction in volumes due to deteriorating demand for new construction projects. The company remains highly profitable as margins are high. Demand is expected to remai...

1 year ago - Seeking Alpha

Omega Flex, Inc. Announces Second Quarter 2023 Earnings

EXTON, Pa., July 19, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first six months of 2023 and 2022 were $55,822,000 and $63,041,000, respe...

1 year ago - GlobeNewsWire

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2023

EXTON, Pa., June 13, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payab...

1 year ago - GlobeNewsWire

Omega Flex, Inc. Announces First Quarter 2023 Earnings

EXTON. Pa., April 19, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that Net Income of Omega Flex, Inc. (the “Company” or “Omega Flex”) was $5,742,000 for the first quarter of 2...

1 year ago - GlobeNewsWire

Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2023

EXTON, Pa., March 28, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share paya...

1 year ago - GlobeNewsWire

Omega Flex, Inc. Announces Fourth Quarter 2022 Earnings

EXTON, Pa., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's net sales for 2022 and 2021 were $125,487,000 and $130,011,000, respectively, decreasing 3....

1 year ago - GlobeNewsWire

Omega Flex: More Engineering Expenses And Undervalued

Omega focuses on the production and distribution of flexible metal hoses that are mainly used for the transport of gases and other liquids that require high-security transport systems. Omega's revenue...

1 year ago - Seeking Alpha

Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2022

EXTON, Pa., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payab...

2 years ago - GlobeNewsWire

Omega Flex, Inc. Announces Third Quarter Earnings

EXTON, Pa., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first nine months of 2022 and 2021 were $94,670,000 and $94,554,000, resp...

2 years ago - GlobeNewsWire