Omega Flex reports record FY2021: Net sales $130M (+22.9%), net income $26.2M (+31.6%), EPS $2.60

Omega Flex, Inc.

2023-FY EPS reported $2.60 revenue$130,011,000

Full-year net sales $130.0M vs $105.8M in FY2020; net income $26.2M vs $19.9M.
Diluted EPS $2.60, up from $1.97 in FY2020; shares outstanding unchanged at 10.09M.
Q4 net sales $35.5M (+12.1% YoY); Q4 net income $7.6M vs $7.2M; Q4 EPS $0.75 vs $0.71.
CEO cites record sales and income amid raw material shortages and workforce challenges.
Results driven by economic recovery and ability to maintain production and delivery.

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