For the third quarter of 2024, Omega Flex, Inc. (OFLX) reported an earnings per share (EPS) of 46 cents, a decrease from 55 cents in the same period in 2023. Revenue for the quarter totaled $24.9 million, representing a decline of 9.5% from $27.5 million in the prior-year quarter. Omega Flex’s revenue contraction in the third quarter was primarily driven by decreased unit volumes as market demand softened. Additionally, the housing sector, which significantly influences the demand for Omega Flex’s piping pr ...