Quarterly ResultMay 1, 2026, 03:37 PM
Omega Flex Q1 Net Income $2.08M, EPS $0.21; Sales Down 1%
AI Summary
Omega Flex reported a significant decline in its first-quarter 2026 financial results compared to the prior year. Net income attributable to Omega Flex, Inc. decreased by 41.8% to $2.08 million, with diluted EPS falling to $0.21. While net sales saw a modest 1% decrease, operating profit was down sharply by 42.9%, indicating reduced profitability.
Key Highlights
- Net sales decreased 1.0% to $23.09 million for Q1 2026 from $23.33 million in Q1 2025.
- Gross profit declined 7.0% to $13.09 million in Q1 2026 from $14.07 million in Q1 2025.
- Operating profit fell 42.9% to $2.31 million for Q1 2026 from $4.05 million in Q1 2025.
- Net income attributable to Omega Flex, Inc. decreased 41.8% to $2.08 million.
- Basic and diluted EPS was $0.21 for Q1 2026, down from $0.35 in Q1 2025.
- Net cash provided by operating activities was $0.61 million, a decrease from $1.56 million.
- Cash and cash equivalents stood at $49.76 million as of March 31, 2026.
- Cash dividends declared per common share remained stable at $0.34.
Price Impact
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