Omega Flex, Inc. Announces Third Quarter 2025 Earnings

Core Insights - Omega Flex, Inc. reported a decrease in net sales and net income for the first nine months of 2025 compared to the same period in 2024, primarily due to challenges in the residential housing market [1][2]. Financial Performance - Net sales for the first nine months of 2025 were $73,089,000, down from $74,716,000 in 2024, representing a decrease of $1,627,000 or 2.2% [1]. - For the third quarter of 2025, net sales were $24,234,000, which is 2.6% lower than the same quarter in 2024 [1]. - Net income for the first nine months of 2025 was $11,412,000, a decrease of $1,920,000 or 14.4% from $13,332,000 in 2024 [2]. - The net income for the third quarter of 2025 was $3,688,000, which is 20.1% lower than the same period in 2024 [2]. Market Challenges - The decline in sales and income is attributed to lower sales unit volumes, influenced by higher construction costs and sales prices in the residential housing market [2].