Omega Flex, Inc. engaged PKF O'Connor Davies LLP as its auditor.
“On June 10, 2026 (the “Effective Date”), following completion of such procedures, the Company executed an engagement letter with PKF. Accordingly, PKF was appointed as the Company’s independent registered public accounting firm on the Effective Date.”
Auditor Changes
Omega Flex, Inc. dismissed RSM US LLP as its auditor.
“or Proposal (“RFP”) to several qualified accounting firms, including RSM US LLP (“RSM”), the Company’s then current independent registered public accounting firm.”
Shareholder Votes
Omega Flex, Inc. shareholders approved Election of three class 3 directors for a three-year term at the 2026-06-10 meeting.
“On June 10, 2026, Omega Flex, Inc. (the “Company”) held its Annual Meeting of Shareholders at which one proposal was voted upon: 1. Election of three class 3 directors for a three-year term.”
Earnings Releases
Omega Flex, Inc. reported the three months ended March 31, 2026 results: revenue $ 23,093,000, net income $ 2,077,000, EPS $ 0.21.
“Net Sales $ 23,093,000 $ 23,330,000 Net Income attributable to Omega Flex, Inc. $ 2,077,000 $ 3,568,000 Earnings Per Share - Basic and Diluted $ 0.21 $ 0.35”
Earnings Releases
Omega Flex, Inc. reported twelve and three months ended December 31, 2025 results: revenue $ 98,296,000, net income $ 14,827,000, EPS $ 1.47.
““Omega Flex, Inc. Announces Fourth Quarter 2025 Earnings” OMEGA FLEX, INC. (OFLX) Twelve Months Ended December 31, Three Months Ended December 31, 2025 2024 2025 2024 Net Sales $ 98,296,000 $ 101,681,000 $ 25,207,000 $ 26,965,000 Net Income attributable to Omega Flex, Inc. $ 14,827,000 $ 18,014,000 $ 3,415,000 $ 4,682,000 Earnings Per Share – Basic and Diluted $ 1.47”
Stephen M. Shea was elected as Class 2 Director at Omega Flex, Inc..
“the Board of Directors of Omega Flex, Inc. (the “Company”) unanimously elected Stephen M. Shea as a Class 2 Director of the Company, with a term expiring at the 2025 annual meeting of shareholders.”
Derek W. Glanvill resigned as director at Omega Flex, Inc..
“On April 4, 2024, Derek W. Glanvill, a director of Omega Flex, Inc. (the “Company”), informed the Company of his resignation from the board of directors of the Company, effective immediately.”
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.
““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 $”
David R. Edler was appointed as Vice President and General Manager - MediTrac at Omega Flex, Inc..
“David R. Edler will be promoted from Director - MediTrac, to Vice President and General Manager - MediTrac”
Susan B. Asch was appointed as Vice President at Omega Flex, Inc..
“Susan B. Asch will be promoted to be a Vice President of the Company, in addition to serving as its General Counsel and Corporate Secretary”
Edwin B. Moran was appointed as President at Omega Flex, Inc..
“Edwin B. Moran will replace Mr. Rivest as President of the Company”
Dean W. Rivest was appointed as Chief Executive Officer at Omega Flex, Inc..
“Dean W. Rivest will replace Mr. Hoben as Chief Executive Officer of the Company”
Kevin R. Hoben was appointed as Executive Chairman at Omega Flex, Inc..
“Kevin R. Hoben will be Executive Chairman of the Company”
Dean W. Rivest was elected as Class 3 Director at Omega Flex, Inc..
“and Dean W. Rivest as a Class 3 Director of the Company”
Edwin B. Moran was elected as Class 2 Director at Omega Flex, Inc..
“unanimously elected Edwin B. Moran as a Class 2 Director of the Company”
Earnings Releases
Omega Flex, Inc. reported financial results for the nine months and three months ended September 30, 2023.
“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.”
Mark F. Albino resigned as Director at Omega Flex, Inc..
“On September 26, 2023, Mark F. Albino, a director of Omega Flex, Inc. (the “Company”), informed the Company of his resignation from the board of directors (the “Board”) of the Company, effective September 30, 2023.”
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.
“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”
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.
“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”
Debt Financings
Omega Flex, Inc. amended revolving credit of $15,000,000 with Santander Bank, N.A. at Term SOFR Reference Rate plus 0.75% to plus 1.75%, or Prime Rate plus up to 0.50 maturing June 1, 2028.
“Committed Revolving Line of Credit Note to the Bank (both documents together, the “Facility”). The Facility is an unsecured revolving credit facility in the maximum amount of $15,000,000, with a $1,000,000 letter of credit sublimit, expiring June 1, 2028, with funds available for working capital and other corporate purposes. The interest rate payable on any”
Material Agreements
Omega Flex, Inc. amended Amended and Restated Loan Agreement and Second Amended and Restated Committed Revolving Line of Credit Note (together, the “Facility”) with Santander Bank, N.A. valued at $15,000,000 (effective 2023-07-03).
“On July 3, 2023, Omega Flex, Inc. (the “Company”), as borrower, entered into an Amended and Restated Loan Agreement with Santander Bank, N.A. (the “Bank”), and a Second Amended and Restated Committed Revolving Line of Credit Note to the Bank (both documents together, the “Facility”).”
Shareholder Votes
Omega Flex, Inc. shareholders approved Ratification of appointment of independent auditors at the 2023-06-13 meeting.
“Proposal 3 – Ratification of Audit Committee’s appointment of auditors. The proposal to ratify the appointment by the Audit Committee of the Board of Directors of independent auditors to audit the Company’s financial statements for the year ending December 31, 2023, was ratified by the shareholders: For 9,944,148 Against 1,604 Abstain 351”
Shareholder Votes
Omega Flex, Inc. shareholders approved Approval, on a non-binding advisory basis, of the executive compensation of the named executive officers of the Company ("Say on Pay") at the 2023-06-13 meeting.
“Proposal 2 – Say on Pay. The executive compensation of the named executive officers as disclosed in the proxy statement was approved, on a non-binding advisory basis: For 8,911,240 Against 18,151 Abstain 15,621 Broker Non-Votes 1,001,091”
Shareholder Votes
Omega Flex, Inc. shareholders approved Election of three class 3 directors for a three-year term at the 2023-06-13 meeting.
“On June 13, 2023, Omega Flex, Inc. (the “Company”) held its Annual Meeting of Shareholders at which three proposals were voted upon: 1. election of three class 3 directors for a three-year term, 2. approval, on a non-binding advisory basis, of the executive compensation of the named executive officers of the Company (“Say on Pay”), and 3. ratification of appointment of independent auditors.”
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.
“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”
Earnings Releases
Omega Flex, Inc. reported three months ended December 31, 2022 results: revenue $ 30,817,000, net income $ 6,181,000, EPS $ 0.61.
“For the Period Ended December 31, Twelve Months Three Months 2022 2021 2022 2021 Net Sales $ 125,487,000 $ 130,011,000 $ 30,817,000 $ 35,457,000 Net Income attributable to Omega Flex, Inc. $ 23,622,000 $ 26,195,000 $ 6,181,000 $ 7,596,000 Earnings Per Share – Basic and Diluted $ 2.34 $ 2.60 $ 0.61 $ 0.75”
Earnings Releases
Omega Flex, Inc. reported twelve months ended December 31, 2022 results: revenue $ 125,487,000, net income $ 23,622,000, EPS $ 2.34.
“For the Period Ended December 31, Twelve Months Three Months 2022 2021 2022 2021 Net Sales $ 125,487,000 $ 130,011,000 $ 30,817,000 $ 35,457,000 Net Income attributable to Omega Flex, Inc. $ 23,622,000 $ 26,195,000 $ 6,181,000 $ 7,596,000 Earnings Per Share – Basic and Diluted $ 2.34 $ 2.60 $ 0.61 $ 0.75”
Mark F. Albino departed as chief operating officer at Omega Flex, Inc..
“On May 31, 2022, Omega Flex, Inc. (the “Company”) announced that Mark F. Albino, the Company’s chief operating officer, is retiring from his executive role effective immediately.”
Bruce C. Klink departed as Director at Omega Flex, Inc..
“On April 5, 2022, Bruce C. Klink, a director of the Company, informed the Board of Directors (the “Board”) of Omega Flex, Inc. (the “Company”) that he has elected to not stand for re-election and will complete his term on the Board at the conclusion of the Company’s 2022 annual meeting of stockholders.”
Matthew F. Unger was appointed as Vice President – Finance and Chief Financial Officer at Omega Flex, Inc..
“Matthew F. Unger has been appointed as Vice President – Finance and Chief Financial Officer”
Edwin B. Moran was appointed as Executive Vice President of Sales at Omega Flex, Inc..
“Edwin B. Moran has been appointed as Executive Vice President of Sales”
Dean W. Rivest was appointed as President at Omega Flex, Inc..
“Dean W. Rivest has been appointed as President of the Company”
Matthew F. Unger was appointed as Interim Finance Director at Omega Flex, Inc..
“On August 24, 2021, Omega Flex, Inc. (the “Company”) announced that Matthew F. Unger has been appointed as Interim Finance Director, effective on August 27, 2021, serving in that position until a permanent appointment of a chief financial officer is completed.”
Paul J. Kane departed as Chief Financial Officer at Omega Flex, Inc..
“On August 5, 2021, Omega Flex, Inc. (the “Company”) announced that Paul J. Kane, the Company’s Chief Financial Officer, will be stepping down as an officer of the Company on August 27, 2021 (the “Departure Date”), for personal reasons.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.