earnings
confidence high
sentiment negative
materiality 0.60
Omega Flex Q2 net income down 11.9% to $5.45M, EPS $0.54 vs $0.61
Omega Flex, Inc.
2023-Q2 EPS reported
$1.08
revenue$63,041,000
- Q2 net sales $31.75M, down 0.7% YoY; six-month sales $63.04M, up 0.3%.
- Six-month net income $10.90M, down 12.4% from $12.45M in prior-year period.
- EPS for six months $1.08 versus $1.23; Q2 EPS $0.54 versus $0.61.
- Decline attributed to resumed travel/marketing costs and higher product liability reserves.
- Prior-year first six months were strongest on record; shares unchanged at 10.09M.