Omega Flex Inc. third quarter net income falls 20% as sales decline 2.6%
Omega Flex Inc. reported net sales of $73.1 million for the first nine months of 2025, a decrease of 2.2% compared to $74.7 million in the same period of 2024. Net sales for the third quarter of 2025 were $24.2 million, down 2.6% from $24.9 million in the third quarter of 2024. Net income attributable to Omega Flex Inc. for the first nine months of 2025 was $11.4 million, a decline of 14.4% from $13.3 million in the prior-year period. For the third quarter of 2025, net income was $3.7 million, 20.1% lower than $4.6 million reported in the third quarter of 2024. The company stated that the decrease in net sales and net income was mainly due to lower sales unit volumes, attributed to continued challenges in the residential housing market, including higher construction costs and sales prices. Earnings per share for the nine-month period ended September 30, 2025, were $1.13, compared to $1.32 in the same period of 2024. For the third quarter, earnings per share were $0.37, compared to $0.46 in the third quarter of 2024. Weighted average shares outstanding remained at 10,094,322 for all periods reported.
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