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Omega Flex, Inc.  (OFLX)
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Omega Flex's Suppliers Performance

OFLX's Supply Chain

 
OFLX Costs vs Sales of Suppliers Growth Omega Flex's Suppliers recorded increase in sales by 7.77 % year on year in Q4 2018, sequentially sales grew by 67.4 %, Omega Flex's cost of sales deteriorated by % year on year, compare to one quarter ago cost of sales fell by -0.79 % in Q4.

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Omega Flex's Suppliers recorded increase in sales by 7.77 % year on year in Q4 2018, sequentially sales grew by 67.4 %, Omega Flex recorded increase in cost of sales by 1.78 % year on year, compare to one quarter ago cost of sales fell by -0.79 % in Q4.

More on OFLX Suppliers




Omega Flex's Comment on Supply Chain


We use various materials in the manufacture of our products, primarily stainless steel for our flexible metal hose and plastics for our jacketing material on TracPipe® and CounterStrike® flexible gas piping. We also purchase all of our proprietary AutoFlare® and AutoSnap® brass fittings for use with the TracPipe® and CounterStrike® flexible gas piping. Although we have multiple sources qualified for all of our major raw materials and components, we have historically used one or two sources of supply for such raw materials and components. Our current orders for stainless steel and fittings are each placed with one or two suppliers. If any one of these sources of supply were interrupted for any reason, then we would have to devote additional time and expense in obtaining the same volume of supply from our other qualified sources. This potential transition, if it were to occur, could affect our operations and financial results during the period of such transition.

Nickel is a prime material in stainless steel, which the Company utilizes to manufacture CSST, and copper is a key component of the Company’s brass fittings. The supply of our main raw materials appears to be stable with ample volume. We believe that with our purchase commitments for stainless steel, polyethylene and for our proprietary fittings, that we have adequate sources of supply for these raw materials and components. We have not had difficulty in obtaining the raw materials, component parts or finished goods from our suppliers in prior years. We believe that an ample supply of stainless steel will continue until there is a reduction in global capacity, such as mine closures, which would then cause a constriction. Volatility in the commodities marketplace and competitive conditions in the sale of our products could potentially restrict us from passing along raw materials or component part price increases to our customers.


Omega Flex's Comment on Supply Chain


We use various materials in the manufacture of our products, primarily stainless steel for our flexible metal hose and plastics for our jacketing material on TracPipe® and CounterStrike® flexible gas piping. We also purchase all of our proprietary AutoFlare® and AutoSnap® brass fittings for use with the TracPipe® and CounterStrike® flexible gas piping. Although we have multiple sources qualified for all of our major raw materials and components, we have historically used one or two sources of supply for such raw materials and components. Our current orders for stainless steel and fittings are each placed with one or two suppliers. If any one of these sources of supply were interrupted for any reason, then we would have to devote additional time and expense in obtaining the same volume of supply from our other qualified sources. This potential transition, if it were to occur, could affect our operations and financial results during the period of such transition.

Nickel is a prime material in stainless steel, which the Company utilizes to manufacture CSST, and copper is a key component of the Company’s brass fittings. The supply of our main raw materials appears to be stable with ample volume. We believe that with our purchase commitments for stainless steel, polyethylene and for our proprietary fittings, that we have adequate sources of supply for these raw materials and components. We have not had difficulty in obtaining the raw materials, component parts or finished goods from our suppliers in prior years. We believe that an ample supply of stainless steel will continue until there is a reduction in global capacity, such as mine closures, which would then cause a constriction. Volatility in the commodities marketplace and competitive conditions in the sale of our products could potentially restrict us from passing along raw materials or component part price increases to our customers.



OFLX's Suppliers Net Income grew by OFLX's Suppliers Net margin grew in Q4 to
188.22 % 7.57 %


Omega Flex, Inc.'s Suppliers Sales Growth in Q4 2018 by Industry

Suppliers in Chemical Manufacturing Industry      3.71 %
Suppliers in Chemicals - Plastics & Rubber Industry      69.05 %
Suppliers in Aluminum Industry -11.21 %   
Suppliers in Iron & Steel Industry      14.54 %
Suppliers in Miscellaneous Fabricated Products Industry -20.94 %   
Suppliers in Miscellaneous Manufacturing Industry      22.29 %
Suppliers in Industrial Machinery and Components Industry -31.75 %   
Suppliers in Conglomerates Industry -6.15 %   
Suppliers in Appliance & Tool Industry      8.67 %
Suppliers in Oil & Gas Integrated Operations Industry      13.17 %
Suppliers in Semiconductors Industry      52.08 %
Suppliers in Automotive Aftermarket Industry      9.43 %
     
• OFLX Suppliers Valuation • OFLX Segment Rev. Growth • OFLX Segment Inc. Growth • OFLX Suppliers Mgmt. Effect.


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OFLX's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Omega Flex, Inc. OFLX 790 108 20 140
Ak Steel Holding Corp AKS 394 9,676 17 8,000
Worthington Industries Inc WOR 4,346 3,808 206 10,500
Tyco International Plc TYC 0 0 0 57,000
Titanium Metals Corp TIE 0 0 0 0
Ferro Corp FOE 1,587 1,640 49 4,846
ROHM AND HAAS COMPANY ROH 0 0 0 0
Ppg Industries Inc PPG 32,176 15,108 3,259 44,400
Nucor Corp NUE 18,615 25,067 2,481 23,600
Illinois Tool Works Inc ITW 370,362 25,931 1,679 49,000
Honeywell International Inc HON 125,221 39,055 3,941 131,000
Genuine Parts Co GPC 15,767 18,735 810 39,000
Emerson Electric Co EMR 48,894 24,722 2,027 103,500
Pentair Ltd PNR 8,801 13,042 543 28,400
Eastman Chemical Co EMN 10,979 10,151 1,084 15,000
Dupont E I De Nemours & Co DD 79,377 64,042 4,862 63,000
Dow Chemical Co DOW 99,415 99,774 4,816 53,000
Allegheny Technologies Incorporated ATI 3,588 4,047 237 9,700
Alcoa Corp AA 5,456 -7,647 871 61,000
3m Co MMM 142,065 30,871 4,672 89,800
Steel Dynamics Inc STLD 8,054 11,822 1,256 7,780
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
United States Steel Corp X 2,869 30,579 -1,672 34,680
Findex Com Inc FIND 2 0 -2 7
Gcp Applied Technologies Inc. GCP 2,175 1,125 16 2,900
Fuller H B Co FUL 2,614 3,041 171 4,400
Century Aluminum Co CENX 725 1,893 -66 1,778
Novelis Inc. NVLCN 0 12,156 440 11,970
Real Industry, Inc. RELY 13 1,307 -109 1,700
Alcoa Inc ARNC 55,589 10,493 642 41,500
Commercial Metals Co CMC 1,920 4,683 121 8,388
Haynes International Inc HAYN 386 -3 -32 1,123
Timkensteel Corporation TMST 454 1,611 -32 2,600
Universal Stainless & Alloy Products Inc USAP 167 255 19 645
Aleris Corporation ALSDPK 0 3,446 -92 5,400
Searchlight Minerals Corp. SRCH 0 0 0 11
Solitario Zinc Corp. XPL 74 0 3 5
Axalta Coating Systems Ltd. AXTA 6,373 4,696 213 13,000
Huntsman Corp HUN 5,690 11,079 149 15,000
Kmg Chemicals Inc KMG 1,211 466 65 626
Quaker Chemical Corporation KWR 2,664 868 60 2,020
Rpm International Inc RPM 7,488 5,483 246 13,394
Stepan Co SCL 2,096 1,980 101 2,073
Valspar Corp VAL 0 4,251 337 11,100
Versum Materials, Inc. VSM 5,464 1,361 211 1,900
Westlake Chemical Corp WLK 4,662 3,647 590 8,870
Westlake Chemical Partners Lp WLKP 716 1,286 331 141
Dmc Global Inc. BOOM 661 -76 30 428
Global Brass & Copper Holdings, Inc. BRSS 709 1,765 59 1,857
Csw Industrials, Inc. CSWI 865 326 -12 750
Foster L B Co FSTR 187 562 28 1,241
Harsco Corp HSC 1,762 2,892 -496 9,400
Kaiser Aluminum Corp KALU 1,745 1,586 92 2,760
Liquidmetal Technologies Inc LQMT 136 1 -6 26
Mueller Industries Inc MLI 1,811 2,508 107 4,244
Materion Corp MTRN 1,187 1,208 21 2,550
Ryerson Holding Corporation RYI 330 4,199 98 3,000
Tht Heat Transfer Technology, Inc. THTI 2 73 4 576
Trecora Resources TREC 217 288 -2 310
Jds Uniphase Corp VIAV 2,884 1,703 74 3,500
Arcelormittal MT 0 219,091 5,330 0
SUBTOTAL 1,090,946 731,673 39,846 1,330,399


             
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