Omega Flex Inc

Omega Flex shares fell 5.6% after the company reported second-quarter 2026 earnings per share of 27 cents, down 34.1% from 41 cents a year earlier. Net sales declined 5.8% to $24.1 million from $25.5 million, while net income attributable to Omega Flex dropped to $2.7 million from $4.2 million. Gross profit decreased to $13.2 million from $15.4 million, and operating profit fell 35.3% to $3.1 million from $4.7 million, with gross margin contracting to 55% from 60.4% and operating margin narrowing to 12.7% from 18.5%. Management attributed the lower gross profit primarily to increased raw-material costs, including inbound transportation expenses and tariffs, while selling expenses rose 3.7% to $5.4 million due to higher trade-show and advertising spending. Cash and cash equivalents stood at $47.9 million at June 30, down from $53.2 million at Dec. 31, 2025, and the company maintained an unused $15 million revolving credit facility with no outstanding borrowings.