earnings
confidence high
sentiment negative
materiality 0.65
Omega Flex Q1 net sales down 15.9% to $25.2M; EPS falls to $0.42
Omega Flex, Inc.
2024-Q1 EPS reported
$0.42
revenue$25,216,000
- Net sales $25.2M, down 15.9% YoY; net income $4.2M, down 26.5%.
- EPS $0.42 vs $0.57; weighted-average shares 10.09M unchanged.
- Lower housing starts and market suppression drove sales volume decline.
- Mitigants: lower incentive comp, tax provision, product liability reserves, and freight costs.