---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-012953"
form_type: "8-K"
ticker: "OFLX"
cik: "0001317945"
company_name: "Omega Flex, Inc."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:27:20.323253+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Omega Flex Q1 net income up 5.3% to $5.74M, sales down 4.2% to $29.99M

## Summary
- EPS $0.57 vs $0.54 YoY; net income $5.74M vs $5.45M.
- Net sales $29.99M, down 4.2% due to lower unit volumes tied to declining housing starts.
- Gross profit improved from lower raw material costs, partially offsetting sales decline.
- Management believes it maintained or slightly gained market share in Q1 2023.

## SEC filing metadata
- accession: 0001493152-23-012953
- form_type: 8-K
- ticker: OFLX
- cik: 0001317945
- company_name: Omega Flex, Inc.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1317945/000149315223012953/0001493152-23-012953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1317945/000149315223012953/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-012953
- JSON: https://secwatch.observer/filing/0001493152-23-012953.json
- Plain text: https://secwatch.observer/filing/0001493152-23-012953.txt

## Key facts
- Earnings Releases
  Omega Flex, Inc. reported Three Months Ended March 31, 2023 results: revenue $29,987,000, net income $5,742,000, EPS $0.57.
  - Period: Three Months Ended March 31, 2023
  - Revenue: $29,987,000
  - Net income: $5,742,000
  - EPS: $0.57
  - Result: reported results
  source text: April 19, 2023 (610) 524-7272 PRESS RELEASE “Omega Flex, Inc. Announces First Quarter 2023 Earnings” OMEGA FLEX, INC. (OFLX) Three Months Ended March 31, 2023 2022 Net Sales $ 29,987,000 $ 31,293,000 Net Income attributable to Omega Flex, Inc. $ 5,742,000 $ 5,451,000 Earnings Per Share - Basic and Diluted $ 0.57 $ 0.54 Weighted Average Shares - Basic and Diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317945/000149315223012953/0001493152-23-012953-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.