See more : Accsys Technologies PLC (ACSYF) 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 Departure of a Director: Mark F. Albino
EXTON, Pa., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announces that Mark F. Albino has resigned from the board of directors of the Company, effective September 30, 2023. Since the Company became publicly traded in...
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2023
EXTON, Pa., Sept. 11, 2023 (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 October 6, 2023, to shareholders of record on September 25, 2023. ...
Omega Flex: Boring Stock Facing Temporary Headwinds, But Valuation Still High
Omega Flex has seen a significant reduction in volumes due to deteriorating demand for new construction projects. The company remains highly profitable as margins are high. Demand is expected to remain weak, but headwinds are likely temporary as they are...
Omega Flex, Inc. Announces Second Quarter 2023 Earnings
EXTON, Pa., July 19, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first six months of 2023 and 2022 were $55,822,000 and $63,041,000, respectively, decreasing $7,219,000 or 11.5%. Net Sales...
Omega Flex: More Engineering Expenses And Undervalued
Omega focuses on the production and distribution of flexible metal hoses that are mainly used for the transport of gases and other liquids that require high-security transport systems. Omega's revenue is well diversified. According to the annual report, the company...
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Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2021
EXTON, Pa., Sept. 15, 2021 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.30 per share payable on October 4, 2021 to shareholders of record on September 27, 2021....
Omega Flex, Inc. Announces Second Quarter Earnings
EXTON, Pa., July 16, 2021 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company's Net Sales for the first six months of 2021 and 2020 were $62,829,000 and $47,084,000, respectively, increasing $15,745,000 or 33.4%. Net Sales...
Omega Flex, Inc. Announces Regular Quarterly Dividend for the Second Quarter 2021
EXTON, Pa., June 09, 2021 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.30 per share payable on July 6, 2021 to shareholders of record on June 22, 2021....
Source: https://incomestatements.info
Category: Stock Reports