EXTON, PA — Omega Flex, Inc. (NASDAQ: OFLX) reported a decline in third-quarter and year-to-date results for 2025, citing persistent weakness in the residential housing market and higher construction costs that continue to weigh on unit volumes.
For the nine months ended September 30, 2025, net sales totaled $73.1 million, down 2.2% from $74.7 million in the same period last year. Third-quarter net sales were $24.2 million, a 2.6% decrease compared to $24.9 million in the third quarter of 2024.
Net income for the first nine months of 2025 was $11.4 million, a 14.4% decline from $13.3 million in the prior year. Third-quarter net income dropped 20.1% to $3.7 million, compared to $4.6 million a year earlier. Earnings per share were $1.13 for the nine-month period and $0.37 for the quarter, versus $1.32 and $0.46, respectively, in 2024.
“The decrease in net sales and net income was mainly due to lower sales unit volumes as the residential housing market continues to be challenged, among other factors, by higher construction costs and sales prices,” said Dean W. Rivest, Chief Executive Officer of Omega Flex.
Omega Flex, a leading manufacturer of flexible metal hoses used in residential, commercial, and industrial applications, said it continues to monitor economic and construction trends affecting demand. The company’s management reiterated its focus on maintaining profitability and operational efficiency despite broader market pressures.
Forward-looking statements accompanying the report cautioned that results could be affected by factors beyond the company’s control, including economic conditions and changes in housing demand.
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