Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States 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.
IPO Year:
Exchange: NASDAQ
Website: omegaflexcorp.com
EXTON, Pa., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, with a term expiring at the 2026 annual meeting of shareholders. In addition, on the recommendation of the Nominating/Governance Committee, our Board unanimously approved the following organizational changes, effective January 1, 2024: Kevin R. Hoben will be Executive Chairman of Omega Flex, Inc.Dea
10-Q - Omega Flex, Inc. (0001317945) (Filer)
8-K - Omega Flex, Inc. (0001317945) (Filer)
8-K - Omega Flex, Inc. (0001317945) (Filer)
10-Q - Omega Flex, Inc. (0001317945) (Filer)
8-K - Omega Flex, Inc. (0001317945) (Filer)
11-K - Omega Flex, Inc. (0001317945) (Filer)
8-K - Omega Flex, Inc. (0001317945) (Filer)
8-K - Omega Flex, Inc. (0001317945) (Filer)
DEFA14A - Omega Flex, Inc. (0001317945) (Filer)
PX14A6G - Omega Flex, Inc. (0001317945) (Subject)
OMEGA FLEX, INC. (OFLX) Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 Net Sales $74,716,000 $83,318,000 $24,880,000 $27,496,000 Net Income attributable to Omega Flex, Inc. $13,332,000 $15,874,000 $4,617,000 $5,576,000 Earnings Per Share – Basic and Diluted $1.32 $1.57 $0.46 $0.55 Weighted Average Shares – Basic and Diluted 10,094,322 10,094,322 10,094,322 10,094,322 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,
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. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FO
OMEGA FLEX, INC. (OFLX) Six Months Ended June 30, Three Months Ended June 30, 2024 2023 2024 2023 Net Sales$49,836,000 $55,822,000 $24,620,000 $25,835,000 Net Income attributable to Omega Flex, Inc.$8,715,000 $10,298,000 $4,496,000 $4,556,000 Earnings Per Share – Basic and Diluted$0.86 $1.02 $0.45 $0.45 Weighted Average Shares – Basic and Diluted10,094,322 10,094,322 10,094,322 10,094,322 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, decreas
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 the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FORWARD-LOOKING STATEM
OMEGA FLEX, INC. (OFLX) Three Months Ended March 31, 2024 2023 Net Sales$25,216,000 $29,987,000 Net Income attributable to Omega Flex, Inc.$4,219,000 $5,742,000 Earnings Per Share - Basic and Diluted$0.42 $0.57 Weighted Average Shares - Basic and Diluted 10,094,322 10,094,322 EXTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the "Company" or "Omega Flex") for the first quarters of 2024 and 2023 were $25,216,000 and $29,987,000, respectively, decreasing 15.9%. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, a
EXTON, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the "Company") (NASDAQ:OFLX) today announces that that our board of directors elected Stephen M. Shea as a director. Mr. Shea has been designated as a Class 2 director, and he will have a term expiring at the 2025 annual shareholder meeting. He will serve on our Audit committee. Mr. Shea is currently the Executive Vice President and Chief Financial Officer of Mestek, Inc., the Company's former parent corporation. He served as Mestek, Inc.'s principal financial and accounting officer prior to its going private transaction in 2006 and has over 30 years' experience in the HVAC manufacturing industry. Mr. Shea was formerly a Cer
EXTON, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the "Company") (NASDAQ:OFLX) today announces that Derek W. Glanvill, a Class 2 director, has resigned from the board of directors of the Company, effective April 4, 2024. The Company thanks Mr. Glanvill for his service as a director and wishes him well. Contact: Dean W. Rivest (610) 524-7272
EXTON, Pa., March 28, 2024 (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 April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FORWA
OMEGA FLEX, INC. (OFLX) For the Period Ended December 31, Twelve Months Three Months 2023 2022 2023 2022 Net Sales $111,465,000 $125,487,000 $28,147,000 $30,817,000 Net Income attributable to Omega Flex, Inc. $20,763,000 $23,622,000 $4,889,000 $6,181,000 Earnings Per Share – Basic and Diluted $2.06 $2.34 $0.48 $0.61 Weighted Average Shares – Basic and Diluted 10,094,322 10,094,322 10,094,322 10,094,322 EXTON, Pa., March 06, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the "Company" or "Omega Flex") for 2023 and 2022 were $111,465,000 and $125,487,000, r
EXTON, Pa., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, with a term expiring at the 2026 annual meeting of shareholders. In addition, on the recommendation of the Nominating/Governance Committee, our Board unanimously approved the following organizational changes, effective January 1, 2024: Kevin R. Hoben will be Executive Chairman of Omega Flex, Inc.Dea
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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. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FO
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 the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FORWARD-LOOKING STATEM
EXTON, Pa., March 28, 2024 (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 April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FORWA
EXTON, Pa., Dec. 06, 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 January 4, 2024, to shareholders of record on December 19, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FO
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. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING
EXTON, Pa., June 13, 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 July 7, 2023, to shareholders of record on June 26, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FORWARD-L
EXTON, Pa., March 28, 2023 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the "Company") (NASDAQ:OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payable on April 24, 2023, to shareholders of record on April 10, 2023. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. This news release contains f
EXTON, Pa., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the "Company") (NASDAQ:OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payable on January 4, 2023, to shareholders of record on December 19, 2022. Kevin R. Hoben, the Company's chairman stated that: "The commitment of Omega Flex, Inc. to its shareholders is reflected in part by the payment of this regular quarterly dividend. As the Company continues to weather these challenging times for the country and the economy, this dividend is the best indication of our belief in the Company's ability to succeed." In determining the amount of future regular quarterly dividends, t
EXTON, Pa., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the "Company") (NASDAQ:OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payable on October 24, 2022, to shareholders of record on October 12, 2022. Kevin R. Hoben, the Company's chairman stated that: "The commitment of Omega Flex, Inc. to its shareholders is reflected in part by the payment of this regular quarterly dividend. As the Company continues to weather these challenging times for the country and the economy, this dividend is the best indication of our belief in the Company's ability to succeed." In determining the amount of future regular quarterly dividends
EXTON, Pa., June 10, 2022 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the "Company") (NASDAQ:OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.32 per share payable on July 5, 2022, to shareholders of record on June 24, 2022. Kevin R. Hoben, the Company's chairman stated that: "The sustained growth of Omega Flex, Inc. recommended an increase in the regular quarterly dividend. As the Company emerges from this challenging time for the country and the economy, this increase is the best indication of our belief in the Company's ability to weather this storm." In determining the amount of future regular quarterly dividends, the Board will review the cash nee
Omega Flex (NASDAQ:OFLX) reported quarterly earnings of $0.42 per share. This is a 26.32 percent decrease over earnings of $0.57 per share from the same period last year. The company reported $25.22 million in sales this quarter. This is a 15.91 percent decrease over sales of $29.99 million the same period last year.
U.S. stocks were lower, with the Dow Jones index falling over 300 points on Wednesday. Shares of Roblox Corporation (NYSE:RBLX) rose during Wednesday’s session following reports the company has ramped up efforts to attract advertisers to its platform and made other moves to boost advertising sales. Roblox shares gained 2.6% to $40.10 on Wednesday. Here are some other big stocks recording gains in today’s session. Dogness (International) Corporation (NASDAQ:DOGZ) shares jumped 22.9% to $8.48. Murano Global Investments Plc (NASDAQ:MRNO) gained 13.6% to $11.70. Aurora Cannabis Inc. (NASDAQ:ACB) rose 11.8% to $7.11. International Star Inc. appointed Todd Masse as new CEO. Taysha Gene T
Omega Flex (NASDAQ:OFLX) reported quarterly earnings of $0.48 per share. This is a 21.31 percent decrease over earnings of $0.61 per share from the same period last year. The company reported $28.15 million in sales this quarter. This is a 8.66 percent decrease over sales of $30.82 million the same period last year.
We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, with a term expiring at the 2026 annual meeting of shareholders. In addition, on the recommendation of the Nominating/Governance Committee, our Board unanimously approved the following organizational changes, effective January 1, 2024:Kevin R. Hoben will be Executive Chairman of Omega Flex, Inc.Dean W. Rivest will replace Mr. Hoben as Chief Executi
Friday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:OFLX). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 33 cents per share. On Monday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 33 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own OFLX as of the end of Friday's session are eligible to receive the 33 cents dividend payout for
Thursday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:OFLX). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 33 cents per share. On Friday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 33 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own OFLX as of the end of Thursday's session are eligible to receive the 33 cents dividend payout fo
Omega Flex (NASDAQ:OFLX) reported quarterly earnings of $0.45 per share. This is a 16.67 percent decrease over earnings of $0.54 per share from the same period last year. The company reported $25.84 million in sales this quarter. This is a 18.62 percent decrease over sales of $31.75 million the same period last year.
Thursday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:OFLX). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 33 cents per share. On Friday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 33 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own OFLX as of the end of Thursday's session are eligible to receive the 33 cents dividend payout f
Omega Flex (NASDAQ:OFLX) reported quarterly earnings of $0.57 per share. This is a 5.56 percent increase over earnings of $0.54 per share from the same period last year. The company reported $29.99 million in sales this quarter. This is a 4.17 percent decrease over sales of $31.29 million the same period last year.
Wednesday marks the last chance for investors to receive the next dividend payout from Omega Flex (NASDAQ:OFLX). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 32 cents per share. On Thursday, Omega Flex will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 32 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own OFLX as of the end of Wednesday's session are eligible to receive the 32 cents dividend pa
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