MARKET COMPOSITE
OFLX - Omega Flex Inc5:57:05 PM 4/25/2024
Price
$67.24
-0.26 (-0.39%)
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; 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 serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its Website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was founded in 1975 and is based in Exton, Pennsylvania.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue28.1MM+2%
Gross Profit17MM+0%
Cost Of Revenue11.2MM+6%
Operating Income6.1MM-11%
Operating Expenses10.9MM-
Net Income4.9MM-12%
G&A4.5MM+11%
Stock Chart

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Stock news

    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. Mr. Shea is currently the Executive Vice President and Chief Financial Officer of Mestek, Inc., the Company’s former parent corporation. He served as Mest

    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

    OMEGA FLEX, INC. (OFLX) For the Period Ended December 31, Twelve Months Three Months 2023 2022 2023 2022 Net Sales $111,465,000 $125,487,000 $28,147,000 $30,817,000 Net Income attributable to Omega Flex, Inc. $20,763,000 $23,622,000 $4,889,000 $6,181,000 Earnings Per Share – Basic and Diluted $2.06 $2.34 $0.48 $0.61 Weighted Average Shares – Basic and Diluted 10,094,322 10,094,322 10,094,322 10,094,322 EXTON, Pa., March 06, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales o

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    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. In addition, on the recommendation of t

    Omega Flex Inc's Dividend Analysis12-18-2023 10:09:59 AM

    Omega Flex Inc (NASDAQ:OFLX) recently announced a dividend of $0.33 per share, payable on 2024-01-04, with the ex-dividend date set for 2023-12-18. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Omega Flex Inc's dividend performance and assess its sustainability.

    It looks like Omega Flex, Inc. ( NASDAQ:OFLX ) is about to go ex-dividend in the next four days. The ex-dividend date...