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Omega Flex, Inc. Announces Third Quarter 2023 Earnings
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| OMEGA FLEX, INC. (OFLX) | |||||||||||||
| Nine Months Ended September 30, | Three Months Ended September 30, | ||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||
| Net Sales | $83,318,000 | $94,670,000 | $27,496,000 | $31,629,000 | |||||||||
| Net Income attributable to Omega Flex, Inc. | $15,874,000 | $17,441,000 | $5,576,000 | $6,540,000 | |||||||||
| Earnings Per Share – Basic and Diluted | $1.57 | $1.73 | $0.55 | $0.65 | |||||||||
| Weighted Average Shares – Basic and Diluted | 10,094,322 | 10,094,322 | 10,094,322 | 10,094,322 | |||||||||
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EXTON, Pa., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Kevin R. Hoben, Chairman and CEO, announced that the Company’s Net Sales for the first nine months of 2023 and 2022 were $83,318,000 and $94,670,000, respectively, decreasing $11,352,000 or 12.0%. Net Sales for the three months ended September 30, 2023 were 13.1% lower than the third quarter of 2022.
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