Omega Flex, Inc. Announces Second Quarter 2025 Earnings

Core Insights - Omega Flex, Inc. reported a decrease in net sales for the first six months of 2025, totaling $48.855 million, down 2.0% from $49.836 million in the same period of 2024 [1][2] - Net income for the first six months of 2025 was $7.724 million, reflecting an 11.4% decrease from $8.715 million in the first half of 2024 [2] - The decline in sales and income is attributed to lower sales unit volumes, influenced by a decrease in housing starts in the overall market [2] Financial Performance - For the three months ended June 30, 2025, net sales increased by 3.7% compared to the second quarter of 2024 [1] - Earnings per share for the first six months of 2025 were $0.77, down from $0.86 in the same period of 2024 [1] - The weighted average shares remained constant at 10,094,322 for both periods [1] Market Conditions - The overall market conditions are described as suppressed, primarily due to a decline in housing starts, which has negatively impacted sales unit volumes [2]