| Omega Flex Q1 Earnings Drop Y/Y on Weak Housing Demand, Stock Down 2% |
OFLX sees Q1 EPS and revenue decline year over year on weak housing demand, lower sales volumes, and market softness. |
zacks.com |
2025-05-06 19:20:32 |
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| Omega Flex, Inc. Announces First Quarter 2025 Earnings |
EXTON, Pa., April 30, 2025 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company”) for the first quarters of 2025 and 2024 were $23,330,000 and $25,216,000, respectively, decreasing $1,886,000 or 7.5%. Net income for the first quarters of 2025 and 2024 were $3,568,000 and $4,219,000, respectively, decreasing $651,000 or 15.4%. 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. |
globenewswire.com |
2025-04-30 20:15:00 |
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| Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2025 |
EXTON, Pa., March 27, 2025 (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 payable on April 22, 2025, to shareholders of record on April 10, 2025. 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. |
globenewswire.com |
2025-03-27 18:15:00 |
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| Omega Flex Stock: Buy, Sell, or Hold? |
Omega Flex (OFLX 2.80%), a leading producer of flexible metal hose and piping products, is often considered a reliable long-term investment. Its pipes are used to deliver gas fuels in residential and commercial buildings, as well as liquid fuels for automotive customers, marinas, and back-up generators. |
fool.com |
2025-03-22 08:15:00 |
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| Omega Flex Stock Rises 8% Despite Q4 Earnings Falling Y/Y |
OFLX sees lower Q4 earnings and sales but remains supported by a stable dividend and strong market position amid housing market challenges. |
zacks.com |
2025-03-10 16:26:03 |
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| Omega Flex, Inc. Announces Fourth Quarter 2024 Earnings |
EXTON, Pa., March 05, 2025 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) (Nasdaq: OFLX) for 2024 and 2023 were $101,681,000 and $111,465,000, respectively, decreasing $9,784,000 or 8.8%. Net Sales for the fourth quarter of 2024 were 4.2% lower than during the same period in 2023. The decrease in net sales 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. |
globenewswire.com |
2025-03-05 18:28:00 |
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| Omega Flex, Inc. Announces Regular Quarterly Dividend for the Fourth Quarter 2024 |
EXTON, Pa., Dec. 05, 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 payable on January 7, 2025, to shareholders of record on December 19, 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. |
globenewswire.com |
2024-12-05 19:45:00 |
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| Omega Flex Q3 Earnings Decline Y/Y on Lower Demand, Higher Overheads |
OFLX's Q3 earnings decrease as softening demand and higher fixed costs hit margins. Despite cost-cutting efforts, the company witnesses a 9.5% revenue drop and a 17.2% decline in net income. |
zacks.com |
2024-10-31 16:01:09 |
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| 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 $83,318,000, respectively, decreasing $8,602,000 or 10.3%. Net Sales for the three months ended September 30, 2024 were 9.5% lower than for the third quarter of 2023. The decrease in net sales 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. |
globenewswire.com |
2024-10-30 18:15:00 |
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| 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 payable on October 8, 2024, to shareholders of record on September 26, 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. |
globenewswire.com |
2024-09-11 20:15:00 |
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| A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 74% to Buy Now and Hold Forever |
Omega Flex is a leader in flexible metal hose manufacturing. This niche is correlated to the U.S. housing market, meaning the last two years have been rough. |
fool.com |
2024-08-31 22:00:00 |
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| Omega Flex (OFLX) Q2 Earnings Flat Y/Y, Cost-Cutting Measures Aid |
Omega Flex's (OFLX) Q2 EPS holds steady at 45 cents despite a 4.7% sales decline. Effective cost management helped mitigate the impact of lower unit volumes and market challenges. |
zacks.com |
2024-08-01 18:31:07 |
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| 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 $55,822,000, respectively, decreasing $5,986,000 or 10.7%. Net Sales for the three months ended June 30, 2024 were 4.7% lower than for the second quarter of 2023. The decrease in net sales 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. |
globenewswire.com |
2024-07-31 20:15:00 |
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| 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 with a 4% increase. |
seekingalpha.com |
2024-06-20 16:06:08 |
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| 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, 2024, to shareholders of record on June 26, 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. |
globenewswire.com |
2024-06-13 20:30:00 |
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| Zacks Initiates Coverage of Omega Flex With Neutral Recommendation |
Discover why Zacks gives Omega Flex a 'Neutral' rating, being the first on Wall Street to initiate coverage on the stock. Dive into OFLX's impact in the global construction boom and its strong financial footing, set against the backdrop of a competitive, flexible hose market. |
zacks.com |
2024-05-17 12:31:04 |
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| 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 and $29,987,000, respectively, decreasing 15.9%. The decrease in net sales 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. |
globenewswire.com |
2024-05-01 20:15:00 |
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| 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 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. |
globenewswire.com |
2024-04-09 19:00:00 |
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| 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 the Company, effective April 4, 2024. The Company thanks Mr. Glanvill for his service as a director and wishes him well. |
globenewswire.com |
2024-04-05 20:30:00 |
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| 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 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. |
globenewswire.com |
2024-03-28 17:45:00 |
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| 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, 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. |
globenewswire.com |
2024-03-06 18:15:00 |
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| 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. |
seekingalpha.com |
2024-01-22 13:59:46 |
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| 1 Magnificent Dividend Stock Down 23% to Buy in 2024 and Hold Forever |
Omega Flex is a leader in flexible metal hoses and piping. As dry as that sounds, its profitability and dividends prove far more exciting. |
fool.com |
2024-01-05 07:47:00 |
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| 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 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. |
globenewswire.com |
2023-12-27 16:22:00 |
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| 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 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. |
globenewswire.com |
2023-12-06 18:45:00 |
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| 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, 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. |
globenewswire.com |
2023-10-18 20:15:00 |
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