Omega Flex, Inc. Announces First Quarter 2025 Earnings

Core Viewpoint - Omega Flex, Inc. reported a decline in both net sales and net income for the first quarter of 2025 compared to the same period in 2024, primarily due to lower sales unit volumes and a decrease in housing starts [2]. Financial Performance - Net sales for the first quarter of 2025 were $23,330,000, down from $25,216,000 in 2024, representing a decrease of $1,886,000 or 7.5% [2]. - Net income attributable to Omega Flex, Inc. for the first quarter of 2025 was $3,568,000, compared to $4,219,000 in 2024, a decrease of $651,000 or 15.4% [2]. - Earnings per share (basic and diluted) decreased from $0.42 in 2024 to $0.35 in 2025 [2]. Market Conditions - The overall market for Omega Flex, Inc. continued to be suppressed, influenced by a decline in housing starts, which contributed to the lower sales unit volumes [2].