OFLX Omega Flex

Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea

Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea

EXTON, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that that our board of directors elected Stephen M. Shea as a director. Mr. Shea has been designated as a Class 2 director, and he will have a term expiring at the 2025 annual shareholder meeting. He will serve on our Audit committee.

Mr. Shea is currently the Executive Vice President and Chief Financial Officer of Mestek, Inc., the Company’s former parent corporation. He served as Mestek, Inc.’s principal financial and accounting officer prior to its going private transaction in 2006 and has over 30 years’ experience in the HVAC manufacturing industry. Mr. Shea was formerly a Certified Public Accountant with the Hartford, Connecticut accounting firm of Spitz, Sullivan, Wachtel & Falcetta, and he has a Master’s Degree in Taxation from the University of Hartford.

Contact: Dean W. Rivest

(610) 524-7272



EN
09/04/2024

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Reports on Omega Flex

 PRESS RELEASE

Omega Flex, Inc. Announces First Quarter 2024 Earnings

Omega Flex, Inc. Announces First Quarter 2024 Earnings  OMEGA FLEX, INC. (OFLX)   Three Months Ended March 31,     2024 2023    Net Sales$25,216,000 $29,987,000        Net Income attributable to Omega Flex, Inc.$4,219,000 $5,742,000        Earnings Per Share - Basic and Diluted$0.42 $0.57        Weighted Average Shares - Basic and Diluted 10,094,322  10,094,322         EXTON, Pa., May 01, 2024 (GLOBE NEWSWIRE) -- Dean W. Rivest, CEO, announced that net sales of Omega Flex, Inc. (the “Company” or “Omega Flex”) for the first quarters of 2024 and 2023 were $25,216,000 and $29,987,000, respec...

 PRESS RELEASE

Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea

Omega Flex, Inc. Announces Election of a Director: Stephen M. Shea EXTON, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that that our board of directors elected Stephen M. Shea as a director. Mr. Shea has been designated as a Class 2 director, and he will have a term expiring at the 2025 annual shareholder meeting. He will serve on our Audit committee. Mr. Shea is currently the Executive Vice President and Chief Financial Officer of Mestek, Inc., the Company’s former parent corporation. He served as Mestek, Inc.’s principal financ...

 PRESS RELEASE

Omega Flex, Inc. Announces Departure of a Director: Derek W. Glanvill

Omega Flex, Inc. Announces Departure of a Director: Derek W. Glanvill EXTON, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announces that Derek W. Glanvill, a Class 2 director, has resigned from the board of directors of the Company, effective April 4, 2024. The Company thanks Mr. Glanvill for his service as a director and wishes him well. Contact: Dean W. Rivest         (610) 524-7272

 PRESS RELEASE

Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Qu...

Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024 EXTON, Pa., March 28, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.33 per share payable on April 24, 2024, to shareholders of record on April 10, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, ...

 PRESS RELEASE

Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings

Omega Flex, Inc. Announces Fourth Quarter 2023 Earnings   OMEGA FLEX, INC. (OFLX)  For the Period Ended December 31,  Twelve Months Three Months            2023  2022  2023  2022         Net Sales $111,465,000 $125,487,000 $28,147,000 $30,817,000                  Net Income attributable to Omega Flex, Inc. $20,763,000 $23,622,000 $4,889,000 $6,181,000                  Earnings Per Share – Basic and Diluted $2.06 $2.34 $0.48 $0.61                  Weighted Average Shares – Basic and Diluted  10,094,322  10,094,322  10,094,322  10,094,322          EXTON, Pa., March 06, 2024 (GLOBE NEWSWIRE...

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