EXTON, PA — Omega Flex, Inc. (Nasdaq: OFLX) reported lower first-quarter 2026 earnings as higher raw material costs, tariffs and increased spending weighed on results despite relatively flat sales.
Net sales for the quarter were $23,093,000, down 1.0% from $23,330,000 in the same period a year earlier.
Net income fell 41.8% to $2,007,000 from $3,568,000, primarily due to rising raw material costs, including tariffs, as well as higher marketing, product enhancement and certification expenses.
Chief Executive Officer Dean Rivest said the company continued to invest in equipment and facilities to expand capacity and improve efficiency.
Omega Flex said it is also pursuing product enhancements aimed at expanding its market position beyond its traditional segments.
The company manufactures flexible metal hoses, piping systems and related products used in residential and commercial construction, energy, industrial and healthcare applications.
Its product portfolio includes corrugated stainless steel tubing systems for gas distribution, medical gas tubing and double-wall piping systems for petroleum transport.
Omega Flex is headquartered in Exton, Pennsylvania, with additional operations in Texas and the United Kingdom.
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