Omega Flex, Inc. Announces Second Quarter 2023 Earnings

		OMEGA FLEX, INC. (OFLX)
		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
Weighted Average Shares – Basic and Diluted			10,094,322					10,094,322			10,094,322			10,094,322

EXTON, Pa., July 19, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company’s Net Sales for the first six months of 2023 and 2022 were $55,822,000 and $63,041,000, respectively, decreasing $7,219,000 or 11.5%.  Net Sales for the three months ended June 30, 2023 were 18.6% lower than the second quarter of 2022.