Omega Flex, Inc. Announces 2nd Quarter Earnings

MIDDLETOWN, Conn., July 23, 2008 (PRIME NEWSWIRE) -- Omega Flex (Nasdaq:OFLX) today reported its results of operations for the Second Quarter 2008: OMEGA FLEX, INC. (OFLX) EARNINGS DIGEST Three Months Ended June 30: 2008 2007 --------------------------- ---- ---- Revenues $16,378,000 $19,202,000 =========== =========== Net income $1,933,000 $1,808,000 ========== ========== Basic and diluted earnings per share $0.19 $0.18 ===== ===== Basic and diluted shares 10,100,982 10,153,633 ========== ========== Six Months Ended June 30: 2008 2007 ------------------------- ---- ---- Revenues $32,801,000 $36,533,000 =========== =========== Net income $4,002,000 $3,680,000 ========== ========== Basic and diluted earnings per share $0.40 $0.36 ===== ===== Basic and diluted shares 10,106,877 10,153,633 ========== ========== Kevin R. Hoben,... [read full story]