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OFLX — Omega Flex News Story

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Omega Flex Q4 net income falls on lower sales

Overview

Flexible metal hose maker's Q4 net sales fell 6.5% yr/yr

Q4 net income decreased 27.1% yr/yr due to lower sales and higher expenses

Outlook

Omega Flex did not provide specific guidance for future quarters

Result Drivers

LOWER SALES VOLUME - Co attributed decline in net sales to lower sales unit volumes due to a decrease in housing starts

INCREASED EXPENSES - Co reported higher product development, certification, and consulting expenses contributing to lower net income

Company press release: ID:nGNXbMMxdw

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Basic EPS$0.34
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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