Filing Flows › Omega Flex (OFLX) › Q1 2025
Omega Flex (OFLX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Omega Flex (OFLX) reported revenue of $23.3M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -13% from the quarter before. Operating margin was 17.4%, net earnings $3.6M (15.3% of revenue).
Omega Flex, Q1 2025: revenue $23.3M (-8% year over year), operating margin 17.4%, net earnings $3.6M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.3M | -13% | -7% |
| Gross profit | $14.1M | -15% | -7% |
| Operating profit | $4.0M | -30% | -20% |
| Net earnings | $3.6M | -24% | -15% |
| Operating cash flow | $1.6M | -84% | -42% |
| Free cash flow | $1.0M | -89% | -55% |
What changed
Revenue was $23.3M in Q1 2025, down 7% year over year and down 13% from the previous quarter.
Gross margin was 60.3%, up 0.4 points from a year earlier. Operating profit was $4.0M, a 17.4% margin (down 2.7 points year over year). Operating expenses fell 0% while revenue fell 7%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $3.6M, down 15% year over year ($3.5M including minority interests, which bore $48K of losses). The effective tax rate was 24.2%.
Operating cash flow was $1.6M (down 42% year over year), 44% of net earnings. Non-cash charges added back $341K of depreciation and amortization and $3K of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $552K left free cash flow of $1.0M.
Questions
What was Omega Flex's revenue in the first quarter 2025?
Omega Flex (OFLX) reported revenue of $23.3M for the first quarter 2025 (Q1 2025), -7% from a year earlier and -13% from the quarter before.
Was Omega Flex profitable in the first quarter 2025?
Operating profit was $4.0M (17.4% of revenue) and net earnings $3.6M.
Source: Omega Flex 10-Q on SEC EDGAR.