XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net Sales $ 24,620 $ 25,835 $ 49,836 $ 55,822
Cost of Goods Sold 9,398 10,035 19,515 21,394
Gross Profit 15,222 15,800 30,321 34,428
Selling Expense 4,874 4,999 10,226 10,572
General and Administrative Expense 4,081 4,373 7,839 9,167
Engineering Expense 984 907 1,915 1,862
Operating Profit 5,283 5,521 10,341 12,827
Interest Income 609 396 1,155 677
Other Income (Expense) (31) 24 (60) 55
Income Before Income Taxes 5,861 5,941 11,436 13,559
Income Tax Expense 1,387 1,391 2,762 3,268
Net Income 4,474 4,550 8,674 10,291
Net Loss - Noncontrolling Interest 22 6 41 7
Net Income attributable to Omega Flex, Inc. $ 4,496 $ 4,556 $ 8,715 $ 10,298
Earnings per common share - Basic $ 0.45 $ 0.45 $ 0.86 $ 1.02
Earnings per common share - Diluted 0.45 0.45 0.86 1.02
Cash Dividends Declared per Common Share $ 0.34 $ 0.33 $ 0.67 $ 0.65
Weighted average shares outstanding - Basic 10,094 10,094 10,094 10,094
Weighted average shares 0utstanding - Diluted 10,094 10,094 10,094 10,094