Omega Flex Q2 FY26 net income drops 35.6% to $2.68 million; net sales fall 5.8% to $24.06 million
OFLX•Product updates
- Introduced a re-engineered TracPipe System flexible gas piping fitting on July 1; MediTrac corrugated medical tubing secured EU MDR CE mark as a Class IIa device.
Quarterly results
- Omega Flex posted Q2 2026 net income of USD 2.68 million, down 35.6% from a year earlier; EPS fell to USD 0.27.
- Net sales for the quarter slipped 5.8% to USD 24.06 million.
First-half performance and drivers
- First-half net income dropped 38.5% to USD 4.75 million, due to higher raw material costs, marketing, product enhancement and certification spending.
- Six-month net sales edged down 3.5% to USD 47.15 million, on lower unit volumes amid a market slowdown tied to fewer housing starts.
