Omega Flex, Inc. Announces Third Quarter 2026 Earnings
Key Highlights
- ➤Q3 net sales $25.697 million, up 6.0% year over year
- ➤Q3 net income $2.359 million, down 36.0% year over year
- ➤Nine-month net income $7.111 million, down 37.7% year over year
- ➤Higher raw material costs, transportation, tariffs and marketing drove profit declines
- ➤New TracPipe System fitting targets residential and commercial applications up to two inches
Expert Statements
Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc.
“The new TracPipe(®) System branded fitting is designed to ease installation while enhancing overall safety and reliability.”
Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc.
“The Company believes that in the commercial sector, the fitting is particularly well suited for larger diameter systems, including sizes up to two inches, helping to address the requirements of more demanding installations.”
OMEGA FLEX, INC. (OFLX) Nine Months Ended September 30,Three Months Ended September 30, 2026202520262025 Net Sales$72,847,000$73,089,000$25,697,000$24,234,000 Net Income attributable to Omega Flex, Inc.$7,111,000$11,412,000$2,359,000$3,688,000 Earnings Per Share – Basic and Diluted$0.70$1.13$0.23$0.37 Weighted Average Shares – Basic and Diluted10,094,32210,094,32210,094,32210,094,322
Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc. (the “Company”), announced that net sales of the Company for the nine months ended September 30, 2026 and 2025 were $72,847,000 and $73,089,000, respectively, decreasing by $242,000 or 0.3%. Net sales for the three months ended September 30, 2026 were 6.0% higher than net sales for the three months ended September 30, 2025.
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