See more : SWMBRD Sports Inc. (SWIM.CN) Income Statement Analysis – Financial Results
Complete financial analysis of Omega Flex, Inc. (OFLX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Omega Flex, Inc., a leading company in the Industrial – Machinery industry within the Industrials sector.
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Omega Flex, Inc. (OFLX)
About Omega Flex, Inc.
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America 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 incorporated in 1975 and is based in Exton, Pennsylvania.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 111.47M | 125.49M | 130.01M | 105.80M | 111.36M | 108.31M | 101.80M | 94.05M | 93.28M | 85.22M | 77.12M | 64.02M | 54.19M | 46.88M | 44.14M | 63.48M | 74.51M | 73.57M | 65.64M | 48.17M | 37.07M | 35.03M | 30.72M |
| Cost of Revenue | 43.10M | 47.18M | 48.48M | 39.25M | 40.87M | 42.22M | 40.03M | 36.17M | 36.13M | 35.19M | 35.23M | 31.09M | 26.48M | 22.57M | 21.51M | 32.27M | 38.46M | 35.68M | 32.94M | 23.40M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 68.37M | 78.31M | 81.53M | 66.55M | 70.49M | 66.10M | 61.77M | 57.88M | 57.15M | 50.03M | 41.89M | 32.93M | 27.72M | 24.30M | 22.63M | 31.22M | 36.05M | 37.89M | 32.70M | 24.77M | 37.07M | 35.03M | 30.72M |
| Gross Profit Ratio | 61.33% | 62.40% | 62.71% | 62.90% | 63.30% | 61.02% | 60.67% | 61.55% | 61.26% | 58.70% | 54.32% | 51.44% | 51.14% | 51.84% | 51.28% | 49.18% | 48.39% | 51.50% | 49.82% | 51.42% | 100.00% | 100.00% | 100.00% |
| Research & Development | 3.87M | 4.73M | 4.61M | 4.20M | 4.72M | 4.81M | 3.29M | 3.19M | 2.68M | 2.92M | 2.76M | 2.60M | 2.47M | 2.32M | 2.25M | 2.22M | 2.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 17.71M | 20.63M | 21.43M | 19.12M | 24.82M | 17.80M | 17.90M | 17.11M | 15.71M | 12.35M | 11.13M | 12.03M | 7.67M | 6.38M | 6.27M | 0.00 | 0.00 | 0.00 | 0.00 | 5.49M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 20.99M | 21.93M | 20.43M | 16.58M | 19.03M | 17.12M | 16.36M | 15.69M | 15.25M | 14.11M | 12.95M | 12.26M | 10.87M | 8.86M | 7.87M | 0.00 | 0.00 | 0.00 | 0.00 | 8.71M | 0.00 | 0.00 | 0.00 |
| SG&A | 38.70M | 42.56M | 41.86M | 35.70M | 43.85M | 34.92M | 34.26M | 32.80M | 30.96M | 26.46M | 24.09M | 24.29M | 18.54M | 15.23M | 14.14M | 18.11M | 19.63M | 20.22M | 20.64M | 14.20M | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -211.00K | 21.00K | -53.00K | 56.00K | -126.00K | -38.00K | -474.00K | -12.00K | -82.00K | -74.00K | 93.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.36M | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 42.57M | 47.29M | 46.47M | 39.90M | 48.57M | 39.73M | 37.55M | 35.99M | 33.64M | 29.38M | 26.85M | 26.88M | 21.01M | 17.55M | 16.39M | 20.33M | 22.33M | 20.22M | 20.64M | 15.56M | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 85.67M | 94.47M | 94.95M | 79.14M | 89.44M | 81.95M | 77.58M | 72.15M | 69.78M | 64.57M | 62.07M | 57.97M | 47.48M | 40.13M | 37.90M | 52.60M | 60.78M | 55.90M | 53.57M | 38.96M | 0.00 | 0.00 | 0.00 |
| Interest Income | 1.70M | 174.00K | 35.00K | 39.00K | 876.00K | 488.00K | 117.00K | 98.00K | 73.00K | 36.00K | 0.00 | 0.00 | 0.00 | 0.00 | 174.00K | 291.00K | 562.00K | 562.00K | 157.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 174.00K | 0.00 | 39.00K | 0.00 | 488.00K | 117.00K | 98.00K | 73.00K | 36.00K | 9.00K | 25.00K | 8.00K | 25.00K | 174.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.10M | 1.10M | 1.02M | 870.00K | 719.00K | 543.00K | 502.00K | 459.00K | 460.00K | 486.00K | 547.00K | 588.00K | 651.00K | 637.00K | 623.00K | 599.00K | 498.00K | 417.00K | 665.00K | 665.00K | 0.00 | 0.00 | 0.00 |
| EBITDA | 26.90M | 32.11M | 36.08M | 27.47M | 22.64M | 26.91M | 24.72M | 22.36M | 23.96M | 21.13M | 15.60M | 11.45M | 7.36M | 7.39M | 6.87M | 11.70M | 14.31M | 8.64M | 12.73M | 9.87M | 37.07M | 35.03M | 30.72M |
| EBITDA Ratio | 24.13% | 25.59% | 27.75% | 25.97% | 20.33% | 24.84% | 24.28% | 23.77% | 25.69% | 24.80% | 20.22% | 3.02% | 13.54% | 15.77% | 15.56% | 17.57% | 20.43% | 52.47% | 19.09% | 20.22% | 100.00% | 100.00% | 100.00% |
| Operating Income | 25.80M | 31.02M | 35.06M | 26.65M | 21.92M | 26.37M | 24.22M | 21.90M | 23.50M | 20.65M | 15.05M | 10.75M | 6.71M | 6.75M | 6.24M | 11.10M | 13.21M | 7.18M | 12.07M | 9.21M | 37.07M | 35.03M | 30.72M |
| Operating Income Ratio | 23.15% | 24.72% | 26.97% | 25.19% | 19.69% | 24.34% | 23.79% | 23.28% | 25.20% | 24.23% | 19.51% | 16.79% | 12.38% | 14.40% | 14.15% | 17.48% | 17.73% | 9.76% | 18.38% | 19.11% | 100.00% | 100.00% | 100.00% |
| Total Other Income/Expenses | 1.75M | -37.00K | 56.00K | -92.00K | 932.00K | 362.00K | 79.00K | -376.00K | 61.00K | -46.00K | -65.00K | 118.00K | 32.00K | -30.00K | 306.00K | 200.00K | 596.00K | -9.45M | 355.00K | 505.00K | -37.07M | -35.03M | -30.72M |
| Income Before Tax | 27.55M | 30.98M | 35.12M | 26.56M | 22.85M | 26.73M | 24.30M | 21.52M | 23.56M | 20.60M | 14.98M | 10.87M | 6.74M | 6.72M | 6.55M | 11.30M | 13.81M | 8.23M | 12.42M | 9.71M | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 24.71% | 24.69% | 27.01% | 25.11% | 20.52% | 24.68% | 23.87% | 22.88% | 25.26% | 24.17% | 19.43% | 16.97% | 12.44% | 14.33% | 14.84% | 17.80% | 18.53% | 11.18% | 18.92% | 20.16% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 6.83M | 7.33M | 8.86M | 6.59M | 5.43M | 6.45M | 8.45M | 6.98M | 7.60M | 6.99M | 4.89M | 4.05M | 2.11M | 2.17M | 2.17M | 3.92M | 5.13M | 3.06M | 4.94M | 3.71M | -4.04M | -3.56M | -2.47M |
| Net Income | 20.76M | 23.62M | 26.20M | 19.91M | 17.29M | 20.14M | 15.66M | 14.38M | 15.79M | 13.46M | 10.04M | 6.88M | 4.65M | 4.57M | 4.38M | 7.38M | 8.68M | 5.16M | 7.48M | 6.00M | 4.04M | 3.56M | 2.47M |
| Net Income Ratio | 18.63% | 18.82% | 20.15% | 18.82% | 15.52% | 18.59% | 15.39% | 15.29% | 16.93% | 15.80% | 13.01% | 10.74% | 8.57% | 9.74% | 9.93% | 11.63% | 11.65% | 7.02% | 11.39% | 12.46% | 10.89% | 10.17% | 8.03% |
| EPS | 2.06 | 2.34 | 2.60 | 1.97 | 1.71 | 2.00 | 1.55 | 1.42 | 1.56 | 1.33 | 0.99 | 0.68 | 0.46 | 0.45 | 0.43 | 0.73 | 0.86 | 0.51 | 0.74 | 0.66 | 0.46 | 0.41 | 0.28 |
| EPS Diluted | 2.06 | 2.34 | 2.60 | 1.97 | 1.71 | 2.00 | 1.55 | 1.42 | 1.56 | 1.33 | 0.99 | 0.68 | 0.46 | 0.45 | 0.43 | 0.73 | 0.86 | 0.51 | 0.74 | 0.59 | 0.40 | 0.35 | 0.24 |
| Weighted Avg Shares Out | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.10M | 10.15M | 10.15M | 10.15M | 9.03M | 8.78M | 8.69M | 8.81M |
| Weighted Avg Shares Out (Dil) | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.09M | 10.10M | 10.15M | 10.15M | 10.15M | 10.15M | 10.09M | 10.18M | 10.28M |
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. ...
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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....
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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...
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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...
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