Omega Flex, Inc.

Listed Company

OFLXCIK 0001317945NasdaqNon-AcceleratedSmaller ReportingHeating Equip, Except Elec & Warm Air; & Plumbing FixturesPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

$98.30M

Net Income

$14.83M

Total Assets

$104.95M

Equity

$84.19M

Shares Out

10.09M

Op. Cash Flow

$17.17M

Business

Omega Flex, Inc. manufactures and sells flexible metal hose used to carry gases and liquids across a range of applications. Its main products include corrugated stainless and copper tubing, proprietary fittings, and accessory systems marketed under brands such as TracPipe®, CounterStrike®, DoubleTrac®, DEF-Trac® and MediTrac®. The business is managed as a single operating segment that produces annular corrugated hose, double-containment and medical tubing and supplies related proprietary fittings and accessories. The company sells primarily through distributors, wholesalers and OEMs across North America and Europe, with manufacturing facilities in the U.S. and the U.K.

Summary from filing dated 2025-03-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Sales	98	102	111	125	130
Cost of Goods Sold	39	39	43	47	48
Gross Profit	59	62	68	78	82
Selling Expense	21	21	21	22	20
General and Administrative Expense	16	16	18	21	21
Engineering Expense	5	4	4	5	5
Operating Profit	17	22	26	31	35
Interest Income	2	2	2	174,000	35,000
Other Income (Expense)	331,000	−227,000	46,000	−211,000	21,000
Income Before Income Taxes	19	24	28	31	35
Income Tax Expense	5	6	7	7	9
Net Income	15	18	21	24	26
Net Loss Noncontrolling Interest	243,000	99,000	43,000	−30,000	−61,000
Net Income attributable to Omega Flex, Inc.	15	18	21	24	26
Basic Earnings per Common Share	1.47	1.78	2.06	2.34	2.6
Diluted Earnings per Common Share	1.47	1.78	2.06	2.34	2.6
Cash Dividends Declared per Common Share	1.36	1.35	1.31	1.26	1.18
Basic Weighted Average Shares Outstanding	10	10	10	10	10
Diluted Weighted Average Shares Outstanding	10	10	10	10	10

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	53	52	46	38	33
Accounts Receivable - less allowances of $857 and $866, respectively	14	14	15	18	21
Inventories - Net	13	15	16	18	16
Other Current Assets	3	3	3	3	3
Total Current Assets	83	84	80	76	72
Right-Of-Use Assets - Operating	4	5	3	3	3
Property and Equipment - Net	10	10	9	8	9
Goodwill - Net	4	4	4	4	4
Deferred Taxes	595,000	365,000	189,000	923,000	7,000
Other Long Term Assets	3	4	4	6	2
Total Assets	105	106	100	98	89
Accounts Payable	3	3	2	2	3
Accrued Compensation	2	2	3	4	7
Accrued Commissions and Sales Incentives	4	4	4	5	7
Dividends Payable	3	3	3	3	—
Taxes Payable	—	710,000	190,000	109,000	1,000
Lease Liability - Operating	771,000	712,000	454,000	447,000	383,000
Other Liabilities	4	4	4	8	5
Total Current Liabilities	16	17	18	22	23
Lease Liability - Operating, net of current portion	4	5	2	3	3
Deferred Taxes	422,000	181,000	—	6,000	427,000
Other Long Term Liabilities	580,000	525,000	603,000	986,000	2
Total Liabilities	21	23	21	27	28
Commitments and Contingencies (Note 7)	—	—	—	—	—
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 December 31, 2025 and December 31, 2024	102,000	102,000	102,000	102,000	102,000
Treasury Stock	−1,000	−1,000	−1,000	—	—
Paid-in Capital	11	11	11	—	—
Retained Earnings	74	73	68	61	50
Accumulated Other Comprehensive Loss	−933,000	−892,000	−930,000	−1	−827,000
Total Omega Flex, Inc. Shareholders Equity	84	83	79	71	60
Noncontrolling Interest	−178,000	67,000	163,000	196,000	189,000
Total Shareholders Equity	84	83	79	71	61
Total Liabilities and Shareholders Equity	105	106	100	98	89

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-Cash Compensation Expense	169,000	54,000	292,000	156,000	506,000
Non-Cash Lease Expense	658,000	759,000	462,000	481,000	328,000
Depreciation and Amortization	1	1	1	1	1
Provision for Losses on Accounts Receivable, net of write-offs and recoveries	−9,000	−259,000	5,000	−301,000	286,000
Deferred Taxes	11,000	5,000	—	—	—
Provision for Inventory Reserves	−61,000	177,000	1	91,000	101,000
Accounts Receivable	767,000	1	2	3	−943,000
Inventories	1	829,000	1	−3	−4
Other Assets	782,000	598,000	1	−4	−509,000
Accounts Payable	−143,000	574,000	−205,000	−1	894,000
Accrued Compensation	−427,000	−1	−590,000	−3	2
Accrued Commissions and Sales Incentives	−359,000	−556,000	−572,000	−2	3
Lease Liabilities	−671,000	−432,000	−461,000	−475,000	−335,000
Other Liabilities	−858,000	−84,000	−4	2	−3
Net Cash Provided by Operating Activities	17	21	23	15	25
Capital Expenditures	−2	−2	−2	−942,000	−971,000
Net Cash Used In Investing Activities	−2	−2	−2	−942,000	−971,000
Dividends Paid	−14	−14	−13	−9	−15
Net Cash Used In Financing Activities	−14	−14	−13	−9	−15
Net Increase in Cash and Cash Equivalents	2	5	9	5	9
Translation effect on cash	−95,000	19,000	−3,000	−25,000	−31,000
Cash paid for Income Taxes	6	6	—	—	—
Cash received from Income Tax Refunds	58,000	—	—	—	—
Declared Dividend	3	3	3	3	—
Additions to Right-Of-Use Assets obtained from new operating Lease Liabilities	31,000	3	65,000	644,000	3

Filings

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