{"id":1014865,"date":"2026-10-28T19:45:37","date_gmt":"2026-10-28T23:45:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-third-quarter-2026-earnings\/"},"modified":"2026-10-28T19:45:37","modified_gmt":"2026-10-28T23:45:37","slug":"omega-flex-inc-announces-third-quarter-2026-earnings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-third-quarter-2026-earnings\/","title":{"rendered":"Omega Flex, Inc. Announces Third Quarter 2026 Earnings"},"content":{"rendered":"
\n

EXTON, Pa., Oct. 28, 2026 (GLOBE NEWSWIRE) — <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n OMEGA FLEX, INC. (OFLX)<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Nine Months Ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Three Months Ended September 30,<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0<\/strong>
\n 2026<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n \u00a0<\/strong>
\n 2025<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n \u00a0<\/strong>
\n 2026<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n \u00a0<\/strong>
\n 2025<\/strong>
\n \n <\/td>\n<\/tr>\n
Net Sales<\/td>\n$72,847,000<\/td>\n\u00a0<\/td>\n$73,089,000<\/td>\n\u00a0<\/td>\n$25,697,000<\/td>\n\u00a0<\/td>\n$24,234,000<\/td>\n<\/tr>\n
Net Income attributable to Omega Flex, Inc.<\/td>\n$7,111,000<\/td>\n\u00a0<\/td>\n$11,412,000<\/td>\n\u00a0<\/td>\n$2,359,000<\/td>\n\u00a0<\/td>\n$3,688,000<\/td>\n<\/tr>\n
Earnings Per Share \u2013 Basic and Diluted<\/td>\n$0.70<\/td>\n\u00a0<\/td>\n$1.13<\/td>\n\u00a0<\/td>\n$0.23<\/td>\n\u00a0<\/td>\n$0.37<\/td>\n<\/tr>\n
Weighted Average Shares \u2013 Basic and Diluted<\/td>\n\u00a0<\/td>\n\n \u00a0<\/strong>10,094,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,094,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,094,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,094,322<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Dean W. Rivest, Chief Executive Officer<\/strong> of Omega Flex, Inc. (the \u201cCompany\u201d), 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.<\/p>\n

Net income for the nine months ended September 30, 2026 was $7,111,000, compared to net income of $11,412,000 for the nine months ended September 30, 2025, decreasing by $4,301,000 or 37.7% (the \u201cNine Month Decrease\u201d). Net income for the three months ended September 30, 2026 was 36.0% below net income for the same period in 2025 (the \u201cThree Month Decrease\u201d). The decrease in net income was mainly due to higher raw material costs (including inbound transportation costs and tariffs) and marketing efforts. The higher costs and expenses described above were partly offset by lower product liability reserves and expenses.<\/p>\n

Approximately 52% of the Nine Month Decrease, and 102% of the Three Month Decrease, was due to the above-described higher raw material costs (including inbound transportation costs and tariffs) and marketing efforts that were attributable to the procurement of inventory and introduction of the new re-engineered flexible gas piping fitting described below. These higher costs will continue as the Company procures raw materials to achieve targeted inventory levels and markets the new fitting. However, the Company believes that these higher costs will be limited in duration and will normalize over time.<\/p>\n

During the nine months ended September 30, 2026, the Company continued to pursue product enhancements intended to strengthen its market position. On July 1, 2026, the Company introduced a re-engineered flexible gas piping fitting designed to support a broader range of applications across both residential and commercial construction markets. The new TracPipe\u00ae<\/sup> System branded fitting is designed to ease installation while enhancing overall safety and reliability. 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. The Company continues to make targeted investments in equipment and facilities intended to expand capacity, enhance operational efficiency, and support geographic growth by improving its ability to serve customers and distribution partners across existing and new markets.<\/p>\n

\n INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS \u2013 This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company\u2019s financial condition, results of operations, future performance, growth strategies, business initiatives and anticipated trends. Forward-looking statements can generally be identified by words such as \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cprojects,\u201d the negative of these terms, or other comparable terminology<\/em>
\n . These forward-looking statements may include the Company\u2019s projections, statements related to the Company\u2019s anticipated growth strategies, descriptions of business initiatives and anticipated trends in the Company\u2019s business. Forward-looking statements are neither historical facts<\/em>
\n nor assurances of future performance. Rather, they are based on current beliefs, expectations and assumptions regarding the Company\u2019s business, strategies and anticipated events and trends. These statements are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict, many of which are outside of our control, and actual results could differ materially from those expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation, other than as required by law, to update or revise any forward-looking statements to reflect events or circumstances after the date hereof. Further information regarding risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements is included in the sections entitled \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the \u201cSEC\u201d) and in the Company\u2019s subsequent reports and filings with the SEC, as applicable.<\/em>\n <\/p>\n

\n Contact: Dean W. Rivest
(610) 524-7272
<\/strong>\n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

EXTON, Pa., Oct. 28, 2026 (GLOBE NEWSWIRE) — \u00a0 OMEGA FLEX, INC. (OFLX) \u00a0 Nine Months Ended September 30, \u00a0 Three Months Ended September 30, \u00a0 \u00a0 2026 \u00a0 \u00a0 2025 \u00a0 \u00a0 2026 \u00a0 \u00a0 2025 Net Sales $72,847,000 \u00a0 $73,089,000 \u00a0 $25,697,000 \u00a0 $24,234,000 Net Income attributable to Omega Flex, Inc. $7,111,000 \u00a0 $11,412,000 \u00a0 $2,359,000 \u00a0 $3,688,000 Earnings Per Share \u2013 Basic and Diluted $0.70 \u00a0 $1.13 \u00a0 $0.23 \u00a0 $0.37 Weighted Average Shares \u2013 Basic and Diluted \u00a0 \u00a010,094,322 \u00a0 \u00a0 10,094,322 \u00a0 \u00a0 10,094,322 \u00a0 \u00a0 10,094,322 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc. (the \u201cCompany\u201d), announced that net sales … <\/p>\n

Continue reading “Omega Flex, Inc. Announces Third Quarter 2026 Earnings”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1014865","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOmega Flex, Inc. Announces Third Quarter 2026 Earnings - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-third-quarter-2026-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Omega Flex, Inc. 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