Omega Flex, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 08, 2021 at 12:03 pm EST
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Omega Flex, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 105.796 million compared to USD 111.360 million a year ago. Operating income was USD 26.653 million compared to USD 21.922 million a year ago. Net income was USD 19.910 million compared to USD 17.286 million a year ago. Basic earnings per share from continuing operations was USD 1.97 compared to USD 1.71 a year ago.
Omega Flex, Inc. is a manufacturer of flexible metal hoses. The Companyâs flexible metal hose is used in a variety of applications to carry gases and liquids within their particular applications. These applications include carrying fuel gases within residential and commercial buildings; gasoline and diesel gasoline products (both above and below the ground) in a double containment piping to contain any possible leaks, which is used in automotive and marina refueling, and fueling for back-up generation; and medical gases in health care facilities. The Company's flexible gas piping products are sold under TracPipe and CounterStrike trademarks. Its products also include MediTrac corrugated medical gas tubing, DoubleTrac double-containment piping, and DEF-Trac flexible piping. The Company primarily sells its products through distributors, wholesalers and to original equipment manufacturers (OEMs) throughout North America and Europe, and other global markets.
OMEGA FLEX, INC. 
