---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-009023"
form_type: "8-K"
ticker: "OFLX"
cik: "0001317945"
company_name: "Omega Flex, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:26:37.260012+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Omega Flex reports FY2023 revenue down 11.2%; EPS falls to $2.06 from $2.34

## Summary
- Net sales $111.5M for FY2023, down 11.2% vs $125.5M in FY2022.
- Net income $20.8M, down 12.1%; diluted EPS $2.06 vs $2.34.
- Q4 net sales $28.1M, down 8.7% YoY; Q4 EPS $0.48 vs $0.61.
- Decline driven by lower unit volumes due to suppressed housing starts, partially offset by lower product liability reserves and marketing costs.

## SEC filing metadata
- accession: 0001493152-24-009023
- form_type: 8-K
- ticker: OFLX
- cik: 0001317945
- company_name: Omega Flex, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1317945/000149315224009023/0001493152-24-009023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1317945/000149315224009023/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-009023
- JSON: https://secwatch.observer/filing/0001493152-24-009023.json
- Plain text: https://secwatch.observer/filing/0001493152-24-009023.txt

## Key facts
- Earnings Releases
  Omega Flex, Inc. reported twelve months ended December 31, 2023 results: revenue $111,465,000, net income $20,763,000, EPS $2.06.
  - Period: twelve months ended December 31, 2023
  - Revenue: $111,465,000
  - Net income: $20,763,000
  - EPS: $2.06
  - Result: reported results
  source text: “Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings” OMEGA FLEX, INC. (OFLX) For the Period Ended December 31, Twelve Months Three Months 2023 2022 2023 2022 Net Sales $ 111,465,000 $ 125,487,000 $ 28,147,000 $ 30,817,000 Net Income attributable to Omega Flex, Inc. $ 20,763,000 $ 23,622,000 $ 4,889,000 $ 6,181,000 Earnings Per Share – Basic and Diluted $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1317945/000149315224009023/0001493152-24-009023-index.htm

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