{"id":994450,"date":"2026-08-12T18:29:56","date_gmt":"2026-08-12T22:29:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-second-quarter-2026-earnings-and-ce-mark-approval-for-meditrac-corrugated-medical-tubing\/"},"modified":"2026-08-12T18:29:56","modified_gmt":"2026-08-12T22:29:56","slug":"omega-flex-inc-announces-second-quarter-2026-earnings-and-ce-mark-approval-for-meditrac-corrugated-medical-tubing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-second-quarter-2026-earnings-and-ce-mark-approval-for-meditrac-corrugated-medical-tubing\/","title":{"rendered":"Omega Flex, Inc. Announces Second Quarter 2026 Earnings and CE Mark Approval for MediTrac Corrugated Medical Tubing"},"content":{"rendered":"
\n

EXTON, Pa., Aug. 12, 2026 (GLOBE NEWSWIRE) — <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n OMEGA FLEX, INC. (OFLX)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Six Months Ended June 30,<\/strong>\n <\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2026<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2025<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2026<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2025<\/strong>
\n \n <\/td>\n<\/tr>\n
Net Sales<\/td>\n$<\/td>\n47,150,000<\/td>\n\u00a0<\/td>\n$<\/td>\n48,855,000<\/td>\n\u00a0<\/td>\n$<\/td>\n24,057,000<\/td>\n\u00a0<\/td>\n$<\/td>\n25,525,000<\/td>\n<\/tr>\n
Net Income attributable to Omega Flex, Inc.<\/td>\n$<\/td>\n4,752,000<\/td>\n\u00a0<\/td>\n$<\/td>\n7,724,000<\/td>\n\u00a0<\/td>\n$<\/td>\n2,675,000<\/td>\n\u00a0<\/td>\n$<\/td>\n4,156,000<\/td>\n<\/tr>\n
Earnings Per Share \u2013 Basic and Diluted<\/td>\n$<\/td>\n0.47<\/td>\n\u00a0<\/td>\n$<\/td>\n0.77<\/td>\n\u00a0<\/td>\n$<\/td>\n0.27<\/td>\n\u00a0<\/td>\n$<\/td>\n0.41<\/td>\n<\/tr>\n
Weighted Average Shares \u2013 Basic and Diluted<\/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\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 six months ended June 30, 2026 and 2025 were $47,150,000 and $48,855,000, respectively, decreasing by $1,705,000 or 3.5%. Net sales for the three months ended June 30, 2026 were 5.8% lower than net sales for the three months ended June 30, 2025. The decrease in net sales was mainly due to lower sales unit volumes as the overall market continued to be suppressed because of, among other factors, a decline in housing starts.<\/p>\n

Net income for the six months ended June 30, 2026 was $4,752,000, compared to net income of $7,724,000 for the six months ended June 30, 2025, decreasing by $2,972,000 or 38.5% (the \u201cSix Month Decrease\u201d). Net income for the three months ended June 30, 2026 was 35.6% 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); marketing efforts; and product enhancement and certification related expenses. The higher costs and expenses described above were partly offset by lower product liability reserves and expenses.<\/p>\n

Approximately 30% of the Six Month Decrease, and 54% 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 six months ended June 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

In addition, the Company is pleased to announce that its innovative medical-grade product, MediTrac\u00ae<\/sup> corrugated medical tubing (CMT), received Conformit\u00e9 Europ\u00e9enne (CE) mark certification under the European Union Medical Device Regulation (EU MDR 2017\/745) in August of 2026, as a Class IIa medical device. Achieving EU MDR certification, a lengthy and rigorous process, demonstrates that MediTrac CMT meets applicable European standards for safety, quality, and clinical performance.<\/p>\n

The Company is not aware of any other manufacturers of CMT. MediTrac CMT, developed exclusively by the Company, is patent protected and complies with the stringent requirements of Health Care Facilities Code NFPA 99, Canadian Standard Z7396.1 (Medical Gas Pipeline Systems), and now, EU MDR 2017\/745.<\/p>\n

MediTrac CMT is engineered for the safe and efficient distribution of medical gases in healthcare facilities, offering a flexible, durable, and installation\u2011friendly alternative to traditional rigid copper tubing. It is manufactured by the Company\u2019s subsidiary, Flex-Trac, Inc., in Exton, Pennsylvania. EU MDR compliance reflects the rigor of our design and manufacturing controls and is maintained under an ISO 13485:2016-certified quality management system. MediTrac CMT has been installed in healthcare facilities across 48 U.S. states, Canada, the United Kingdom, Southeast Asia, and other international markets.<\/p>\n

\u201cWe are extremely proud to achieve CE mark certification for MediTrac CMT,\u201d said Dean W. Rivest, Chief Executive Officer of Omega Flex, Inc. and President and Chief Executive Officer of Flex-Trac, Inc. \u201cCombined with the ISO 13485:2016 quality management system certification, this milestone highlights our dedication to producing safe, reliable, and innovative medical gas tubing solutions for healthcare systems around the world. We believe MediTrac CMT has the potential to serve as a scalable growth platform that extends our engineering expertise into new geographic regions and markets while leveraging our established manufacturing and quality systems.\u201d<\/p>\n

\n INFORMATION<\/em>
\n CONCERNING<\/em>
\n FORWARD-LOOKING<\/em>
\n STATEMENTS<\/em>
\n \u2013<\/em>
\n This<\/em>
\n press<\/em>
\n release<\/em>
\n contains<\/em>
\n forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the<\/em>
\n Company\u2019s<\/em>
\n financial<\/em>
\n condition,<\/em>
\n results<\/em>
\n of<\/em>
\n operations,<\/em>
\n future<\/em>
\n performance,<\/em>
\n growth<\/em>
\n strategies,<\/em>
\n business<\/em>
\n initiatives<\/em>
\n and anticipated<\/em>
\n trends.<\/em>
\n Forward-looking<\/em>
\n statements<\/em>
\n can<\/em>
\n generally<\/em>
\n be<\/em>
\n identified<\/em>
\n by<\/em>
\n words<\/em>
\n such<\/em>
\n as<\/em>
\n \u201cmay,\u201d<\/em>
\n \u201cshould,\u201d<\/em>
\n \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. 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 nor assurances of future performance. Rather, they are based on current beliefs, expectations and<\/em>
\n assumptions<\/em>
\n regarding<\/em>
\n the<\/em>
\n Company\u2019s<\/em>
\n business,<\/em>
\n strategies<\/em>
\n and<\/em>
\n anticipated<\/em>
\n events<\/em>
\n and<\/em>
\n trends.<\/em>
\n These<\/em>
\n statements<\/em>
\n are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict, many of which are outside<\/em>
\n of<\/em>
\n our<\/em>
\n control,<\/em>
\n and<\/em>
\n actual<\/em>
\n results<\/em>
\n could<\/em>
\n differ<\/em>
\n materially<\/em>
\n from<\/em>
\n those<\/em>
\n expressed<\/em>
\n or<\/em>
\n implied<\/em>
\n in<\/em>
\n the<\/em>
\n forward-looking statements.<\/em>
\n Readers<\/em>
\n are<\/em>
\n cautioned<\/em>
\n not<\/em>
\n to<\/em>
\n place<\/em>
\n undue<\/em>
\n reliance<\/em>
\n on<\/em>
\n any<\/em>
\n forward-looking<\/em>
\n statements,<\/em>
\n which<\/em>
\n speak<\/em>
\n only<\/em>
\n 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<\/em>
\n of<\/em>
\n Financial<\/em>
\n Condition<\/em>
\n and<\/em>
\n Results<\/em>
\n of<\/em>
\n Operations\u201d<\/em>
\n in<\/em>
\n the<\/em>
\n Company\u2019s<\/em>
\n Annual<\/em>
\n Report<\/em>
\n on<\/em>
\n Form<\/em>
\n 10-K<\/em>
\n for<\/em>
\n the<\/em>
\n year ended December 31, 2025, filed with the Securities and Exchange<\/em>
\n 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
<\/strong>
\n (610) 524-7272<\/strong>\n <\/p>\n

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

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

EXTON, Pa., Aug. 12, 2026 (GLOBE NEWSWIRE) — \u00a0 OMEGA FLEX, INC. (OFLX) \u00a0 Six Months Ended June 30, Three Months Ended June 30, \u00a0 2026 \u00a0 2025 \u00a0 2026 \u00a0 2025 Net Sales $ 47,150,000 \u00a0 $ 48,855,000 \u00a0 $ 24,057,000 \u00a0 $ 25,525,000 Net Income attributable to Omega Flex, Inc. $ 4,752,000 \u00a0 $ 7,724,000 \u00a0 $ 2,675,000 \u00a0 $ 4,156,000 Earnings Per Share \u2013 Basic and Diluted $ 0.47 \u00a0 $ 0.77 \u00a0 $ 0.27 \u00a0 $ 0.41 Weighted Average Shares \u2013 Basic and Diluted \u00a0 10,094,322 \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, … <\/p>\n

Continue reading “Omega Flex, Inc. Announces Second Quarter 2026 Earnings and CE Mark Approval for MediTrac Corrugated Medical Tubing”<\/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-994450","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOmega Flex, Inc. 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(OFLX) \u00a0 Six Months Ended June 30, Three Months Ended June 30, \u00a0 2026 \u00a0 2025 \u00a0 2026 \u00a0 2025 Net Sales $ 47,150,000 \u00a0 $ 48,855,000 \u00a0 $ 24,057,000 \u00a0 $ 25,525,000 Net Income attributable to Omega Flex, Inc. $ 4,752,000 \u00a0 $ 7,724,000 \u00a0 $ 2,675,000 \u00a0 $ 4,156,000 Earnings Per Share \u2013 Basic and Diluted $ 0.47 \u00a0 $ 0.77 \u00a0 $ 0.27 \u00a0 $ 0.41 Weighted Average Shares \u2013 Basic and Diluted \u00a0 10,094,322 \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, … Continue reading "Omega Flex, Inc. 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Announces Second Quarter 2026 Earnings and CE Mark Approval for MediTrac Corrugated Medical Tubing - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-second-quarter-2026-earnings-and-ce-mark-approval-for-meditrac-corrugated-medical-tubing\/","og_locale":"en_US","og_type":"article","og_title":"Omega Flex, Inc. Announces Second Quarter 2026 Earnings and CE Mark Approval for MediTrac Corrugated Medical Tubing - Market Newsdesk","og_description":"EXTON, Pa., Aug. 12, 2026 (GLOBE NEWSWIRE) — \u00a0 OMEGA FLEX, INC. (OFLX) \u00a0 Six Months Ended June 30, Three Months Ended June 30, \u00a0 2026 \u00a0 2025 \u00a0 2026 \u00a0 2025 Net Sales $ 47,150,000 \u00a0 $ 48,855,000 \u00a0 $ 24,057,000 \u00a0 $ 25,525,000 Net Income attributable to Omega Flex, Inc. $ 4,752,000 \u00a0 $ 7,724,000 \u00a0 $ 2,675,000 \u00a0 $ 4,156,000 Earnings Per Share \u2013 Basic and Diluted $ 0.47 \u00a0 $ 0.77 \u00a0 $ 0.27 \u00a0 $ 0.41 Weighted Average Shares \u2013 Basic and Diluted \u00a0 10,094,322 \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, … Continue reading \"Omega Flex, Inc. Announces Second Quarter 2026 Earnings and CE Mark Approval for MediTrac Corrugated Medical Tubing\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-second-quarter-2026-earnings-and-ce-mark-approval-for-meditrac-corrugated-medical-tubing\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-12T22:29:56+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgwODcwOSM3NzcyNzk5IzIwMTg4OTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-second-quarter-2026-earnings-and-ce-mark-approval-for-meditrac-corrugated-medical-tubing\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/omega-flex-inc-announces-second-quarter-2026-earnings-and-ce-mark-approval-for-meditrac-corrugated-medical-tubing\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Omega Flex, Inc. 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