EXTON, PA — Omega Flex, Inc. (NASDAQ: OFLX) reported a modest decline in sales and earnings for the first half of 2025, reflecting ongoing headwinds in the construction sector, particularly a slowdown in new housing starts.
The company posted net sales of $48.86 million for the six-month period ending June 30, down 2.0% from $49.84 million in the same period last year. Net income fell 11.4% year over year to $7.72 million, compared to $8.72 million in the first half of 2024.
While full first-half results were down, second-quarter performance showed some resilience. Net sales for the quarter rose 3.7% compared to Q2 2024, indicating a potential stabilization. However, net income for the quarter declined 7.6% year over year.
CEO Dean W. Rivest attributed the declines primarily to lower unit volumes, driven by a continued slump in residential construction activity. The housing market has faced pressure from higher interest rates, labor shortages, and tightening credit, all contributing to reduced demand for building materials and related products.
Omega Flex manufactures flexible metal hose and braid products used in a variety of commercial, residential, and industrial applications. The company is particularly known for its TracPipe® flexible gas piping systems, which are widely used in residential construction.
Despite the broader market slowdown, the company’s sequential quarterly sales growth suggests it may be well-positioned to rebound as market conditions improve. Omega Flex remains focused on navigating the current environment while maintaining operational efficiency and profitability.
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