Omega Flex Today Reported Its Results Of Operations For The Second Quarter, 2013

  OMEGA FLEX, INC. (OFLX)
  Six Months Ended June 30, Three Months Ended June 30,
         
  2013  2012  2013  2012 
         
Net Sales $35,274,000 $28,804,000 $18,892,000 $14,256,000
         
Net Income $4,117,000 $4,397,000 $2,535,000 $477,000
         
Earnings Per Share – Basic and Diluted   $0.41   $0.44   $0.25   $0.05
         
Weighted Average Shares – Basic and Diluted   10,091,822   10,091,822   10,091,822   10,091,822

EXTON, Pa., July 24, 2013 (GLOBE NEWSWIRE) -- Kevin R. Hoben, President and CEO, announced that Omega Flex, Inc.'s (Nasdaq:OFLX) Net Sales for the first six months of 2013 climbed 22.5% over last year, rising to $35,274,000 from $28,804,000 for the periods ending June 30, 2013 and 2012, respectively.  Net Sales for the three months ended June 30, 2013, were even more notable, increasing 32.5% over the same period in 2012. 

The Company's Net Sales show a steady pattern of growth during the year, and currently outpace the rate of recovery in the residential construction market. The increase largely reflects the widening acceptance of the Company's newest product offerings.

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