See more : Yuan High-Tech Development Co., Ltd. (5474.TWO) 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.
You may be interested
- Magnolia Oil & Gas Corporation (MGY) Income Statement Analysis – Financial Results
- YTO Express (International) Holdings Limited (YTOEF) Income Statement Analysis – Financial Results
- Mimaki Engineering Co., Ltd. (6638.T) Income Statement Analysis – Financial Results
- BlueRiver Acquisition Corp. (BLUA-WT) Income Statement Analysis – Financial Results
- Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (300922.SZ) Income Statement Analysis – Financial Results
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. ...
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.
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%....
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....
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.
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.
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%....
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.
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...
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...
Source: https://incomestatements.info
Category: Stock Reports