Omega Flex, Inc. Income Tax Provision

Income Tax Provision of OFLX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Income Tax Provision growth rates and interactive chart. The actual income tax expense for the applicable year.


Highlights and Quick Summary

  • Income Tax Provision for the quarter ending March 30, 2021 was $2.05 Million (a -14.84% decrease compared to previous quarter)
  • Year-over-year quarterly Income Tax Provision increased by 71.32%
  • Annual Income Tax Provision for 2020 was $6.59 Million (a 21.46% increase from previous year)
  • Annual Income Tax Provision for 2019 was $5.43 Million (a -15.84% decrease from previous year)
  • Annual Income Tax Provision for 2018 was $6.45 Million (a -23.66% decrease from previous year)
  • Twelve month Income Tax Provision ending March 30, 2021 was $7.23 Million (a 9.6% increase compared to previous quarter)
  • Twelve month trailing Income Tax Provision increased by 36.41% year-over-year
Trailing Income Tax Provision for the last four month:
30 Mar '21 30 Dec '20 29 Sep '20 29 Jun '20
$7.23 Million $6.59 Million $5.72 Million $5.3 Million
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Historical Income Tax Provision of Omega Flex, Inc.

Most recent Income Tax Provisionof OFLX including historical data for past 10 years.

Interactive Chart of Income Tax Provision of Omega Flex, Inc.

Omega Flex, Inc. Income Tax Provision for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $2.05
2020 $2.41 $1.58 $1.2 $1.42 $6.59
2019 $1.53 $1.15 $1.33 $1.42 $5.43
2018 $1.95 $1.56 $1.56 $1.38 $6.45
2017 $3.16 $1.9 $1.39 $2.01 $8.45
2016 $2.0 $1.85 $1.82 $1.31 $6.98
2015 $2.27 $2.11 $1.73 $1.49 $7.6
2014 $2.56 $2.0 $1.39 $1.04 $6.99
2013 $1.37 $1.42 $1.3 $0.79 $4.89
2012 $0.75 $0.9 $0.26 $2.14 $4.05
2011 $0.56 $0.4 $0.67 $0.48 $2.11
2010 $0.73 $0.37 $0.43 $2.17

Business Profile of Omega Flex, Inc.

Sector: Industrials
Industry: Specialty Industrial Machinery
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.