Omega Flex, Inc. Aktie News

EXTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for the first quarters of 2024 and 2023 were $25,216,000 and $29,987,000, respectively, decreasing 15.9%.  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 facto...

EXTON, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that that our board of directors elected Stephen M. Shea as a director. Mr. Shea has been designated as a Class 2 director, and he will have a term expiring at the 2025 annual shareholder meeting. He will serve on our Audit committee.

EXTON, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that Derek W. Glanvill, a Class 2 director, has resigned from the board of directors of the Company, effective April 4, 2024. The Company thanks Mr. Glanvill for his service as a director and wishes him well.

EXTON, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based o...

EXTON, Pa., March 06, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for 2023 and 2022 were $111,465,000 and $125,487,000, respectively, decreasing 11.2%.  Net sales for the fourth quarter of 2023 were 8.7% lower than during the same period in 2022.   The decrease in net sales was mainly due to lower sales unit volumes ...

Revenues increased in Q3 2023 after four quarters of consecutive declines. Margins also improved, and the company is highly profitable. The balance sheet is very robust and the company is debt-free.

Omega Flex is a leader in flexible metal hoses and piping. As dry as that sounds, its profitability and dividends prove far more exciting.

EXTON, Pa., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We are pleased to announce that on December 7, 2023, on the recommendation of our Nominating/Governance Committee, effective January 1, 2024, our Board of Directors unanimously elected Edwin B. Moran as a Class 2 Director of Omega Flex, Inc., with a term expiring at the 2025 annual meeting of shareholders, and Dean W. Rivest as a Class 3 Director, w...