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Last $29.59 USD
Change Today +0.39 / 1.34%
Volume 2.9K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

omega flex inc (OFLX) Snapshot

Open
$29.68
Previous Close
$29.20
Day High
$29.68
Day Low
$28.45
52 Week High
12/31/14 - $39.46
52 Week Low
08/1/14 - $15.69
Market Cap
298.6M
Average Volume 10 Days
4.1K
EPS TTM
$1.42
Shares Outstanding
10.1M
EX-Date
12/18/14
P/E TM
20.8x
Dividend
--
Dividend Yield
1.66%
Current Stock Chart for OMEGA FLEX INC (OFLX)

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omega flex inc (OFLX) Details

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories primarily in the United States and internationally. Its principal product includes flexible gas piping, which is used in residential and commercial buildings. It serves construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products directly; and through independent sales representatives, distributors, fabricating distributors, wholesalers, and original equipment manufacturers, as well as through its Website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was founded in 1975 and is based in Exton, Pennsylvania.

140 Employees
Last Reported Date: 03/13/15
Founded in 1975

omega flex inc (OFLX) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $370.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $297.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $159.6K
Compensation as of Fiscal Year 2013.

omega flex inc (OFLX) Key Developments

Omega Flex, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015

Omega Flex, Inc. announced earnings results for the first quarter ended March 31, 2015. For the first quarter of 2015, net sales were $20,973,000, which represents an increase of $4,384,000 or 26.4% over the same quarter in 2014, which had net sales of $16,589,000. Net income attributable to the company was $3,143,000 compared to $2,195,000 recognized during the same quarter last year, increasing $948,000 or 43.2%. Basic and diluted earnings per share were $0.31 against $0.22, last year. The company reported that increases in both the net sales and net income, were due to the effectiveness of management's plan and strategies.

Omega Flex, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Omega Flex, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net sales were $24,921,000 compared to $21,860,000 a year ago. Net income was $4,337,000 or $0.43 per basic and diluted share compared to $3,211,000 or $0.32 per basic and diluted share a year ago. For the year, net sales were $85,219,000 compared to $77,122,000 a year ago. Net income was $13,462,000 or $1.33 per basic and diluted share compared to $10,037,000 or $0.99 per basic and diluted share a year ago.

U.S. District Court Dismisses Frivolous Lawsuit against Omega Flex, Inc

Omega Flex, Inc. announced that a United States District Court in Ohio has dismissed the latest frivolous lawsuit by plaintiffs' attorneys questioning CSST's unparalleled safety record. In the most recent case Schoelwer vs Omega Flex, Inc. the trial attorneys unsuccessfully attempted to seek class action certification for their lawsuit against the company. The federal court decision is Omega Flex's sixth consecutive legal victory against plaintiffs' attorneys, further demonstrating courts and juries around the country are not persuaded by their deliberate efforts to misrepresent CSST's safety record for their self-interested financial motives. Over the past several years, federal courts have consistently dismissed class action lawsuits against CSST manufacturers because each case lacked any legal substance, including cases in Florida, Massachusetts, Colorado and Maryland.

 

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Industry Analysis

OFLX

Industry Average

Valuation OFLX Industry Range
Price/Earnings 22.2x
Price/Sales 3.5x
Price/Book 8.8x
Price/Cash Flow 22.2x
TEV/Sales 3.2x
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