scanx.trade Earnings
Omega Flex Q2 net profit falls 35.6% to $2.7 million amid cost pressures
Omega Flex reported a significant 35.6% year-over-year drop in Q2 2026 net income to $2.675 million, with EPS falling 34.1% to $0.27, primarily due to higher raw material costs and strategic marketing investments for new products. Sales also declined by 5.8% to $24.057 million in the quarter, attributed to a suppressed housing market. Despite these headwinds, the company …