Earnings Summary

Omega Flex Inc’s revenue fell -8.66% since last year same period to $28.15Mn in the Q4 2023. On a quarterly growth basis, Omega Flex Inc has generated 2.37% jump in its revenue since last 3-months.

Omega Flex Inc’s net profit fell -20.9% since last year same period to $4.89Mn in the Q4 2023. On a quarterly growth basis, Omega Flex Inc has generated -12.32% fall in its net profits since last 3-months.

Omega Flex Inc’s net profit margin fell -13.4% since last year same period to 17.37% in the Q4 2023. On a quarterly growth basis, Omega Flex Inc has generated -14.35% fall in its net profit margins since last 3-months.

Omega Flex Inc’s price-to-earnings ratio after this Q4 2023 earnings stands at 32.52.

Omega Flex Inc’s earning per share (EPS) fell -20.9% since last year same period to 0.48 in the Q4 2023. This indicates that the Omega Flex Inc has generated -20.9% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Omega Flex Inc’s return on assets (ROA) stands at 0.16.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Omega Flex Inc’s return on equity (ROE) stands at 0.28.

Omega Flex Inc declared 0.33 dividend per share during the earnings announcement for Q4 2023.