---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-024932"
form_type: "8-K"
ticker: "OFLX"
cik: "0001317945"
company_name: "Omega Flex, Inc."
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:17:16.478707+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Omega Flex Q2 net sales down 18.6% YoY; EPS $0.45 vs $0.54

## Summary
- Q2 2023 net sales $25.8M, down 18.6% from $31.7M; net income $4.6M ($0.45 EPS) vs $5.5M ($0.54 EPS) YoY.
- Six-month net sales $55.8M, down 11.5%; net income $10.3M ($1.02 EPS), down 5.5% from $10.9M ($1.08 EPS).
- Volume decline attributed to suppressed overall market, particularly decline in housing starts.
- Lower product liability reserves and reduced incentive compensation partially offset sales drop; higher interest income also helped.

## SEC filing metadata
- accession: 0001493152-23-024932
- form_type: 8-K
- ticker: OFLX
- cik: 0001317945
- company_name: Omega Flex, Inc.
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1317945/000149315223024932/0001493152-23-024932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1317945/000149315223024932/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-024932
- JSON: https://secwatch.observer/filing/0001493152-23-024932.json
- Plain text: https://secwatch.observer/filing/0001493152-23-024932.txt

## Key facts
- Earnings Releases
  Omega Flex, Inc. reported Three Months Ended June 30, 2023 results: revenue $25,835,000, net income $4,556,000, EPS $0.45.
  - Period: Three Months Ended June 30, 2023
  - Revenue: $25,835,000
  - Net income: $4,556,000
  - EPS: $0.45
  - Result: reported results
  source text: Six Months Ended June 30, Three Months Ended June 30, 2023 2022 2023 2022 Net Sales $ 55,822,000 $ 63,041,000 $ 25,835,000 $ 31,748,000 Net Income attributable to Omega Flex, Inc. $ 10,298,000 $ 10,901,000 $ 4,556,000 $ 5,450,000 Earnings Per Share – Basic and Diluted $ 1.02 $ 1.08 $ 0.45 $ 0.54
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317945/000149315223024932/0001493152-23-024932-index.htm
- Earnings Releases
  Omega Flex, Inc. reported Six Months Ended June 30, 2023 results: revenue $55,822,000, net income $10,298,000, EPS $1.02.
  - Period: Six Months Ended June 30, 2023
  - Revenue: $55,822,000
  - Net income: $10,298,000
  - EPS: $1.02
  - Result: reported results
  source text: Six Months Ended June 30, Three Months Ended June 30, 2023 2022 2023 2022 Net Sales $ 55,822,000 $ 63,041,000 $ 25,835,000 $ 31,748,000 Net Income attributable to Omega Flex, Inc. $ 10,298,000 $ 10,901,000 $ 4,556,000 $ 5,450,000 Earnings Per Share – Basic and Diluted $ 1.02 $ 1.08 $ 0.45 $ 0.54
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317945/000149315223024932/0001493152-23-024932-index.htm

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