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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net Sales $ 25,216 $ 29,987
Cost of Goods Sold 10,117 11,359
Gross Profit 15,099 18,628
Selling Expense 5,352 5,573
General and Administrative Expense 3,758 4,794
Engineering Expense 931 955
Operating Profit 5,058 7,306
Interest Income 546 281
Other (Expense) Income (29) 31
Income Before Income Taxes 5,575 7,618
Income Tax Expense 1,375 1,877
Net Income 4,200 5,741
Net Loss - Noncontrolling Interest 19 1
Net Income attributable to Omega Flex, Inc. $ 4,219 $ 5,742
Earnings per common share - Basic $ 0.42 $ 0.57
Earnings per common share - Diluted 0.42 0.57
Cash Dividends Declared per Common Share $ 0.33 $ 0.32
Weighted average shares outstanding - Basic 10,094 10,094
Weighted average shares 0utstanding - Diluted 10,094 10,094