EXTON, PA — Omega Flex, Inc. (NASDAQ: OFLX) announced its financial results for the first quarter of 2025, reporting a decrease in both net sales and net income compared to the same period in 2024. The company recorded net sales of $23.3 million, down 7.5% from $25.2 million in the prior year. Net income also declined, dropping 15.4% to $3.6 million from $4.2 million in the same quarter last year.
The decline in both measures was attributed primarily to a drop in unit sales volume, reflecting challenges in the broader market. A key factor cited was a decrease in housing starts, which has weighed on demand for the company’s products.
Dean W. Rivest, CEO of Omega Flex, acknowledged the impact of market conditions, stating that the suppressed housing market has created headwinds for the company. Despite these challenges, Rivest highlighted Omega Flex’s continued focus on operational efficiency and its ability to adapt to shifting market dynamics.
Looking ahead, the company remains committed to navigating the current economic pressures while identifying opportunities for growth. With an eye on improving market conditions, Omega Flex aims to strengthen its position and deliver value to its stakeholders in the quarters to come.
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