Omega Flex Q3 net sales down 13.1% YoY; EPS $0.55 vs $0.65

Omega Flex, Inc.

2023-Q3 EPS reported $1.57 revenue$83,318,000

9-month net sales $83.3M, down 12.0% YoY; Q3 net sales $27.5M, down 13.1%.
9-month net income $15.9M, down 9.0% YoY; Q3 net income $5.6M, down 14.7%.
EPS for 9 months $1.57 vs $1.73; Q3 EPS $0.55 vs $0.65.
CEO cites lower sales unit volumes and suppressed housing starts as primary headwinds.
Lower product liability reserves and higher interest income partially offset the sales decline.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Omega Flex, Inc. reported financial results for the nine months and three months ended September 30, 2023.

Period: the nine months and three months ended September 30, 2023
Result: reported results

Exact text from the filing

On October 18, 2023, Omega Flex, Inc. (the “Company”) issued a press release reporting its results for the nine months and three months ended September 30, 2023.

View on SEC.gov

Browse all earnings releases →

Omega Flex, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-037616

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.