Despite higher sales, Omega Flex sees a year-over-year drop in Q2 earnings as rising costs and a weak housing market pressured margins.
Omega Flex is a leader in flexible metal hose manufacturing. This niche is correlated to the U.S. housing market, meaning the last two years have been rough.
Omega Flex's (OFLX) Q2 EPS holds steady at 45 cents despite a 4.7% sales decline. Effective cost management helped mitigate the impact of lower unit volumes and market challenges.