Omega Flex, Inc.

Omega Flex, Inc. has appointed PKF O Connor Davies LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2026, and related interim periods. This appointment follows a comprehensive Request for Proposal process conducted by the Audit Committee. Consequently, RSM US LLP was dismissed on June 11, 2026. The company confirmed there were no disagreements with RSM on accounting principles or practices, financial statement disclosure, or auditing scope during the past two fiscal years and subsequent interim period.

Omega Flex, Inc. announced that its Board of Directors declared a regular quarterly dividend of $0.34 per share. This dividend is payable on July 7, 2026, to shareholders of record as of June 23, 2026. The Board will continue to review the company's financial health, operational results, capital plans, and potential acquisitions when determining future quarterly dividend amounts.

Omega Flex, Inc. announced a regular quarterly dividend of $0.34 per share, payable on July 7, 2026, to shareholders of record as of June 23, 2026. Additionally, the company held its Annual Meeting of Shareholders on June 10, 2026, where three Class 3 directors—James M. Dubin, Kevin R. Hoben, and Dean W. Rivest—were duly elected for a three-year term expiring at the 2029 annual meeting.

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.

Omega Flex, Inc. reported a decrease in net sales and a significant drop in net income for the first quarter of 2026. Net sales declined by 1.0% to $23.09 million, while net income fell by 41.8% to $2.01 million, resulting in diluted EPS of $0.21. The decline in profitability was attributed to increased raw material costs, tariffs, marketing expenses, and product enhancement and certification costs. Despite the financial downturn, the company continued to invest in capacity expansion and product development.

Omega Flex, Inc. announced its 2026 Annual Meeting of Shareholders will be held on June 10, 2026, to elect three Class 3 directors for a three-year term expiring in 2029. The company's Audit Committee is currently reviewing its independent auditor, and therefore, a proposal for auditor ratification will not be presented at this meeting. The filing also details board composition, executive officers, and significant shareholdings.