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Sep 30, 2022
Omega Flex Q3 2022 Earnings Report
Net sales were slightly lower than the third quarter of 2021, but income increased.
Key Takeaways
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.
Net sales for the first nine months of 2022 increased by 0.1% compared to 2021.
Net sales for the three months ended September 30, 2022 were 0.3% lower than the third quarter of 2021.
Net income through September 2022 decreased by 6.2% compared to the first nine months of 2021.
Income for the third quarter of 2022 was 6.4% higher than the same period in 2021.