Omega Flex

Omega Flex, Inc. engages in the manufacture and sale of flexible metal hose and accessories. It offers products to numerous industries, such as steel production, fuel-handling, semiconductor, medical, pharmaceutical, petrochemical, residential and commercial construction, and power generation. Its products include TracPipe CounterStrike, DoubleTrac, Def-Trac, industrial, and Meditrac. The company was founded in 1975 and is headquartered in Exton, PA.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 designated as a Class 2 director, and he will have a term expiring at the 2025 annual shareholder meeting. He will serve on our Audit committee.

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

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 the Company, effective April 4, 2024. The Company thanks Mr. Glanvill for his service as a director and wishes him well.

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

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 payable on April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

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

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.

Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings

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.

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

Omega Flex is a leader in flexible metal hoses and piping. As dry as that sounds, its profitability and dividends prove far more exciting.

1 Magnificent Dividend Stock Down 23% to Buy in 2024 and Hold Forever

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 Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, with a term expiring at the 2026 annual meeting of shareholders.

Omega Flex, Inc. Board and Organizational Changes

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 payable on January 4, 2024, to shareholders of record on December 19, 2023.   In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

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

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, respectively, decreasing $11,352,000 or 12.0%.  Net Sales for the three months ended September 30, 2023 were 13.1% lower than the third quarter of 2022.

Omega Flex, Inc. Announces Third Quarter 2023 Earnings

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, 2023. Since the Company became publicly traded in 2005, Mr. Albino was instrumental in its growth and strategy. He served as a director for over 27 years, and as our chief operating officer until his retirement in May 2022. While Mr. Albino believes that his retirement as a director followed naturally upon his retirement as chief operating officer, he informed our chief executive officer that he will continue to be available for consultation. We thank Mr. Albino for his tremendous contributions and wish him all the best in his retirement.

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

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 payable on October 6, 2023, to shareholders of record on September 25, 2023.   In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

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

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 remain weak, but headwinds are likely temporary as they are directly linked to the current macroeconomic landscape.

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

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, respectively, decreasing $7,219,000 or 11.5%.  Net Sales for the three months ended June 30, 2023 were 18.6% lower than the second quarter of 2022.

Omega Flex, Inc. Announces Second Quarter 2023 Earnings

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 payable on July 7, 2023, to shareholders of record on June 26, 2023.   In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

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

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 2023 versus $5,451,000 during the same period last year, increasing $291,000 or 5.3%.  In contrast to the first quarter of last year, Net Income for the first quarter of 2023 improved mainly due to stronger gross profit because of the lower cost of certain raw materials.  Net Sales for the first quarter of 2023 were $29,987,000 compared to $31,293,000 during the first quarter of last year, decreasing $1,306,000 or 4.2%, mainly due to lower sales unit volumes as a result of the overall market being suppressed because of, among other factors, a decline in housing starts. Despite the challenging marketplace, management believes it has indications that it maintained or slightly improved its market share during the first quarter of 2023.

Omega Flex, Inc. Announces First Quarter 2023 Earnings

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 payable on April 24, 2023, to shareholders of record on April 10, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

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

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 3.5%. Net Sales for the three months ended December 31, 2022 were 13.1% lower than the fourth quarter of 2021. While net sales are lower than the previous periods, sales unit volumes decreased at a higher rate. The effect of the lower sales volumes was largely offset by pricing actions to offset material cost pressure and to protect margins.

Omega Flex, Inc. Announces Fourth Quarter 2022 Earnings

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 is well diversified. According to the annual report, the company currently estimates that it has around 10k active clients internationally.

Omega Flex: More Engineering Expenses And Undervalued

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 payable on January 4, 2023, to shareholders of record on December 19, 2022. Kevin R. Hoben, the Company's chairman stated that: “The commitment of Omega Flex, Inc. to its shareholders is reflected in part by the payment of this regular quarterly dividend. As the Company continues to weather these challenging times for the country and the economy, this dividend is the best indication of our belief in the Company's ability to succeed.” In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

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

GH Research PLC

Gemini Therapeutics

Janux Therapeutics

Polar Power

Red Violet

Via Renewables

Throughout much of the new normal, the concept of short-squeeze stocks took off like wildfire. Essentially, this tactic centers on taking a contrarian bet against bearish traders in Wall Street's version of playing chicken.

7 Short-Squeeze Stocks for Bold Contrarians to Consider

CEVA

FutureFuel

MarineMax

Mastech Digital

Noah Holdings Ltd.

National Research Corp

Investors may want to target small-cap stocks to buy. Understandably, smaller and therefore less-proven enterprises present higher risks, which is why some folks avoid the sector.

7 Small-Cap Stocks to Buy Before the Market Starts to Soar in 2023

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, respectively, increasing $116,000 or 0.1%.  Net Sales for the three months ended September 30, 2022 were 0.3% lower than the third quarter of 2021.   Although net sales are consistent with the previous periods, sales unit volumes were lower.  The effect of the lower sales volumes was largely offset by pricing actions to offset material cost pressure and to protect margins.

Omega Flex, Inc. Announces Third Quarter Earnings

Cricut

Loop Industries

Olink Holding AB

Vigil Neuroscience

Short-squeeze stocks offer tremendous upside potential for people who laugh in the face of danger. Fundamentally, the concept involves betting against the pessimistic crowd with the aim of sparking a reactionary panic.

7 Short-Squeeze Stocks to Buy for Contrarian Investors

EXTON, Pa., Sept. 30, 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 payable on October 24, 2022, to shareholders of record on October 12, 2022.   Kevin R. Hoben, the Company's chairman stated that: “The commitment of Omega Flex, Inc. to its shareholders is reflected in part by the payment of this regular quarterly dividend. As the Company continues to weather these challenging times for the country and the economy, this dividend is the best indication of our belief in the Company's ability to succeed.” In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

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

EXTON, Pa., July 21, 2022 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first six months of 2022 and 2021 were $63,041,000 and $62,829,000, respectively, increasing $212,000 or 0.3%.  Net Sales for the three months ended June 30, 2022 were 0.7% lower than the second quarter of 2021.

News for Omega Flex Stock (OFLX)