Omega Flex reports a decline in net sales and income for the first half of 2025, attributed to lower sales volumes.
Quiver AI Summary
Omega Flex, Inc. reported its financial results for the first six months and second quarter of 2025, showing a slight decline in net sales to $48.9 million compared to $49.8 million in 2024, a decrease of 2.0%. However, net sales for the second quarter increased by 3.7% year-over-year. Net income for the first half of 2025 was $7.7 million, down 11.4% from $8.7 million in the prior year, with the second quarter's net income also falling by 7.6% compared to the same period last year. The company attributed these declines primarily to lower sales volumes amid a challenging market influenced by reduced housing starts.
Potential Positives
- Net sales for the second quarter of 2025 showed a 3.7% increase compared to the same period in 2024, indicating positive sales momentum despite overall market challenges.
Potential Negatives
- Net sales decreased by 2.0% compared to the same period last year, indicating potential challenges in maintaining revenue growth.
- Net income for the first six months dropped by 11.4%, which could raise concerns about overall financial health and profitability.
- The decline in net income and sales volume has been attributed to a suppressed market and lower housing starts, highlighting external challenges that could impact future performance.
FAQ
What were Omega Flex's net sales for the first half of 2025?
Omega Flex reported net sales of $48,855,000 for the first six months of 2025.
How did net income change for Omega Flex in 2025?
Net income for the first six months of 2025 decreased to $7,724,000 from $8,715,000 in 2024.
What was the earnings per share for Omega Flex in Q2 2025?
The earnings per share for Omega Flex in the second quarter of 2025 were $0.41.
What factors affected Omega Flex's sales and income?
Sales unit volumes decreased, primarily due to a decline in housing starts and a suppressed overall market.
Are there any forward-looking statements in the press release?
Yes, the press release contains forward-looking statements about Omega Flex’s expectations and future performance.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OFLX Insider Trading Activity
$OFLX insiders have traded $OFLX stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $OFLX stock by insiders over the last 6 months:
- KEVIN R HOBEN (Executive Chairman) sold 972 shares for an estimated $30,666
- EDWIN B. MORAN (President) purchased 500 shares for an estimated $14,860
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OFLX Hedge Fund Activity
We have seen 54 institutional investors add shares of $OFLX stock to their portfolio, and 47 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC removed 120,038 shares (-37.7%) from their portfolio in Q1 2025, for an estimated $4,174,921
- AMERIPRISE FINANCIAL INC added 101,054 shares (+inf%) to their portfolio in Q1 2025, for an estimated $3,514,658
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 69,255 shares (-6.4%) from their portfolio in Q1 2025, for an estimated $2,408,688
- NEUBERGER BERMAN GROUP LLC removed 67,772 shares (-59.5%) from their portfolio in Q1 2025, for an estimated $2,357,110
- MORGAN STANLEY added 32,803 shares (+42.3%) to their portfolio in Q1 2025, for an estimated $1,140,888
- MARSHALL WACE, LLP added 19,612 shares (+152.6%) to their portfolio in Q1 2025, for an estimated $682,105
- INSPIRE INVESTING, LLC removed 19,162 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $666,454
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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 $48,855,000 and $49,836,000, respectively, decreasing $981,000 or 2.0%. Net Sales for the three months ended June 30, 2025 were 3.7% higher than the second quarter of 2024.
Net income for the first six months of 2025 was $7,724,000, compared to $8,715,000 for the first six months of 2024, decreasing $991,000 or 11.4%. Net income for the second quarter of 2025 was 7.6% below the same period in 2024.
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
