Omega Flex Q1 operating profit drops 42.9% to $2.31 million

• Omega Flex reported operating profit of USD 2.31 million for first-quarter 2026, down 42.9%.
• Net sales slipped 1% to USD 23.09 million.
• Gross margin narrowed 3.6 percentage points to 56.7% on higher raw material costs including tariffs.
• Cash and cash equivalents fell 6.5% to USD 49.76 million.
• The cash decline reflected USD 3.43 million in dividends, USD 709,000 in capital spending, and USD 608,000 of operating cash flow.
• The company ended the quarter with no borrowings on its USD 15 million credit line.
• Omega Flex said existing cash plus borrowing capacity should cover anticipated needs for at least the next 12 months.

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