Omega Flex Q1 net income down 13% to $5.45M; EPS $0.54 vs $0.62 YoY

Omega Flex, Inc.

Net sales $31.3M, up 1.4% YoY from $30.9M.
Net income $5.45M, down 13% from $6.27M YoY.
Diluted EPS $0.54 vs $0.62 in prior-year quarter.
Company cites rising raw material and freight costs; expects price increases to offset.
Q1 2021 was strongest first quarter on record; current quarter performance challenged by cost environment.

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