Omega Flex Earnings Reports

Omega Flex reported a decrease in net sales by 15.9% and a decrease in net income by 26.5% for the first quarter of 2024, primarily due to lower sales unit volumes and decreased production.

Omega Flex reported a decrease in net sales by 13.1% and a decrease in net income by 14.7% for the third quarter of 2023 compared to the same period in 2022. The decline in net income was less pronounced over the nine-month period due to lower product liability reserves and expenses, as well as higher interest income.

Omega Flex reported a slight decrease in net sales for the third quarter of 2022 compared to the same period in 2021. However, the company's income for the third quarter of 2022 was higher than the same period in 2021.