Earnings ·
Omega Flex, Inc. reported financial results for the six months ended June 30, 2026, showing net sales of $47.15…
OFLXOmega Flex, Inc.
Omega Flex, Inc. reported financial results for the six months ended June 30, 2026, showing net sales of $47.15 million, a 3.5% decrease from $48.86 million in the prior year period. Net income attributable to the company fell 38.5% to $4.75 million from $7.72 million, driven by higher raw material costs, tariffs, and marketing expenses for new product introductions. For the three months ended June 30, 2026, net sales declined 5.8% to $24.06 million, while net income dropped 35.6% to $2.68 million from $4.16 million. The company also announced CE Mark approval for its MediTrac corrugated medical tubing under EU MDR regulations and introduced a re-engineered flexible gas piping fitting on July 1, 2026. Omega Flex manufactures flexible metal hose and gas piping products.