earnings
confidence high
sentiment neutral
materiality 0.55
Omega Flex Q3 EPS $0.65 vs $0.61; nine-month net income down 6.2%
Omega Flex, Inc.
2023-Q3 EPS reported
$1.73
revenue$94,670,000
- Nine-month net income $17.4M down 6.2% from $18.6M; EPS $1.73 vs $1.84.
- Q3 net sales $31.6M (-0.3%), net income up 6.4% to $6.5M; EPS $0.65 vs $0.61.
- Sales unit volumes lower; pricing actions offset material cost pressure to protect margins.
- Higher costs from resumed travel/marketing and product liability reserves, offset by lower incentive comp.