$OFLX

Omega Flex, Inc.

CIK:0001317945|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net Sales	$ 24,057	$ 25,525	$ 47,150	$ 48,855
Cost of Goods Sold	10,836	10,103	20,844	19,361
Gross Profit	13,221	15,422	26,306	29,494
Selling Expense	5,411	5,217	10,905	10,218
General and Administrative Expense	3,464	4,133	7,232	8,024
Engineering Expense	1,293	1,350	2,805	2,480
Operating Profit	3,053	4,722	5,364	8,772
Interest Income	428	493	884	1,004
Other Income (Expense)	7	229	(86)	312
Income Before Income Taxes	3,488	5,444	6,162	10,088
Income Tax Expense	876	1,341	1,546	2,465
Net Income	2,612	4,103	4,616	7,623
Net Loss - Noncontrolling Interest	63	53	136	101
Net Income attributable to Omega Flex, Inc.	$ 2,675	$ 4,156	$ 4,752	$ 7,724
Basic Earnings per Common Share	$ 0.27	$ 0.41	$ 0.47	$ 0.77
Diluted Earnings per Common Share	0.27	0.41	0.47	0.77
Cash Dividends Declared per Common Share	$ 0.34	$ 0.34	$ 0.68	$ 0.68
Basic Weighted Average Shares Outstanding	10,094	10,094	10,094	10,094
Diluted Weighted Average Shares Outstanding	10,094	10,094	10,094	10,094

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net Income	$ 4,616	$ 7,623
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Non-Cash Compensation Expense	218	60
Non-Cash Lease Expense	383	351
Depreciation and Amortization	683	682
Provision for Losses on Accounts Receivable, net of write-offs and recoveries	(210)	(57)
Deferred Taxes	(273)	(68)
Provision for Inventory Reserves	(42)	(233)
Changes in Assets and Liabilities:
Accounts Receivable	(575)	1,234
Inventories	(1,310)	449
Other Assets	1,325	1,168
Accounts Payable	465	(619)
Accrued Compensation	(758)	(1,057)
Accrued Commissions and Sales Incentives	(552)	(873)
Lease Liabilities	(388)	(354)
Other Liabilities	(1,205)	(1,293)
Net Cash Provided by Operating Activities	2,377	7,013
Cash Flows from Investing Activities:
Capital Expenditures	(885)	(996)
Net Cash Used in Investing Activities	(885)	(996)
Cash Flows from Financing Activities:
Dividends Paid	(6,864)	(6,864)
Net Cash Used in Financing Activities	(6,864)	(6,864)
Net Decrease in Cash and Cash Equivalents	(5,372)	(847)
Translation effect on cash	51	(118)
Cash and Cash Equivalents – Beginning of Period	53,226	51,699
Cash and Cash Equivalents – End of Period	47,905	50,734
Supplemental Disclosure of Cash Flow Information:
Cash paid for Income Taxes	1,403	3,800
Declared Dividend	6,864	6,864
Additions to Right-Of-Use Assets obtained from new operating Lease Liabilities	$ 46

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and Cash Equivalents	$ 47,905	$ 53,226
Accounts Receivable - less allowances of $646 and $857, respectively	14,441	13,665
Inventories - Net	14,728	13,397
Other Current Assets	1,671	2,727
Total Current Assets	78,745	83,015
Right-Of-Use Assets - Operating	4,222	4,437
Property and Equipment - Net	10,361	10,163
Goodwill - Net	3,526	3,526
Deferred Taxes	872	595
Other Long Term Assets	2,946	3,218
Total Assets	100,672	104,954
Current Liabilities:
Accounts Payable	2,988	2,528
Accrued Compensation	808	1,566
Accrued Commissions and Sales Incentives	2,969	3,520
Dividends Payable	3,431	3,431
Lease Liability - Operating	748	771
Other Liabilities	3,045	4,142
Total Current Liabilities	13,989	15,958
Lease Liability - Operating, net of current portion	3,790	3,986
Deferred Taxes	426	422
Other Long Term Liabilities	682	580
Total Liabilities	18,887	20,946
Commitments and Contingencies (Note 6)
Omega Flex, Inc. Shareholders’ Equity:
Common Stock – par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued and 10,094,322 shares outstanding as of June 30, 2026 and December 31, 2025	102	102
Treasury Stock	(1)	(1)
Paid-in Capital	11,046	11,039
Retained Earnings	71,867	73,979
Accumulated Other Comprehensive Loss	(915)	(933)
Total Omega Flex, Inc. Shareholders’ Equity	82,099	84,186
Noncontrolling Interest	(314)	(178)
Total Shareholders’ Equity	81,785	84,008
Total Liabilities and Shareholders’ Equity	$ 100,672	$ 104,954