Omega Flex, Inc. filed its quarterly report on Form 10-Q with the SEC for the three and nine months ended September 30, 2026, disclosing lower earnings and net sales results compared with the same periods in 2025.

Key Highlights

  • Q3 net sales: $25,697 thousand for the three months ended September 30, 2026, up from $24,234 thousand in Q3 2025.
  • Q3 net income attributable to Omega Flex: $2,359 thousand, compared with $3,688 thousand in the prior-year quarter.
  • Q3 basic and diluted EPS: $0.23 per common share, down from $0.37 in Q3 2025.
  • Nine-month net income attributable to Omega Flex: $7,111 thousand versus $11,412 thousand for the nine months ended September 30, 2025.
  • Cash and cash equivalents: $42,823 thousand as of September 30, 2026, compared with $53,226 thousand at December 31, 2025.
  • Cash dividends declared per common share: $0.34 for the quarter and $1.02 for the nine-month period, unchanged from the same periods in 2025.
  • Shares outstanding: 10,094,322 as of October 30, 2026.

Omega Flex Reports Lower Q3 and Nine-Month Earnings Amid Higher Costs

According to the filing, Omega Flex, Inc. (NASDAQ:OFLX) reported net sales of $25,697 thousand for the three months ended September 30, 2026, an increase from $24,234 thousand in the comparable 2025 quarter. However, cost of goods sold rose to $12,435 thousand from $9,653 thousand in Q3 2025, compressing gross profit to $13,262 thousand from $14,581 thousand a year earlier. Operating profit for the quarter was $2,579 thousand, compared with $4,185 thousand in Q3 2025, the company disclosed.

For the nine months ended September 30, 2026, the filing reported net sales of $72,847 thousand, slightly below $73,089 thousand for the same period in 2025. Cost of goods sold for the nine-month period was $33,279 thousand versus $29,014 thousand in 2025, and operating profit declined to $7,943 thousand from $12,957 thousand. Net income attributable to Omega Flex for the nine-month period was $7,111 thousand, or $0.70 per diluted share, compared with $11,412 thousand, or $1.13 per diluted share, in the prior-year period, according to the filing.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $100,109 thousand and total shareholders' equity of $80,661 thousand. Total current liabilities stood at $14,669 thousand, including dividends payable of $3,432 thousand. The company reported retained earnings of $70,794 thousand, down from $73,979 thousand at December 31, 2025, the filing stated. The registrant identified itself as a non-accelerated filer and smaller reporting company. Forward-looking statements included in the filing are subject to the cautionary language described by the company in its Annual Report on Form 10-K for the year ended December 31, 2025.

What Was Disclosed

Omega Flex filed its Form 10-Q for the quarter ended September 30, 2026, reporting lower operating profit and net income year-over-year for both the three- and nine-month periods, driven in part by higher cost of goods sold, while net sales for the quarter increased modestly.