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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 realized sales deteriorated by -2.42 % compare to the same quarter a year ago, sequentially sales grew by 6.12 %, Omega Flex's cost of sales deteriorated by % year on year, compare to one quarter ago cost of sales fell by -6.87 % in Q1.

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Omega Flex's Suppliers realized sales deteriorated by -2.42 % compare to the same quarter a year ago, sequentially sales grew by 6.12 %, Omega Flex's cost of sales deteriorated by -5.04 % year on year, compare to one quarter ago cost of sales fell by -6.87 % in Q1.

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 profit fell by OFLX's Suppliers Net margin fell in Q1 to
-4.68 % 7.13 %


Omega Flex, Inc.'s Suppliers Sales Growth in Q1 2019 by Industry

Suppliers in Chemical Manufacturing Industry -4.85 %   
Suppliers in Chemicals - Plastics & Rubber Industry -6.14 %   
Suppliers in Aluminum Industry      0.11 %
Suppliers in Iron & Steel Industry      6.9 %
Suppliers in Miscellaneous Fabricated Products Industry      3.56 %
Suppliers in Miscellaneous Manufacturing Industry -4.43 %   
Suppliers in Industrial Machinery and Components Industry -15.41 %   
Suppliers in Conglomerates Industry -10.3 %   
Suppliers in Appliance & Tool Industry      7.58 %
Suppliers in Oil & Gas Integrated Operations Industry -9.18 %   
Suppliers in Automotive Aftermarket Industry      3.28 %
     
• OFLX Suppliers Valuation • OFLX Segment Rev. Growth • OFLX Segment Inc. Growth • OFLX Suppliers Mgmt. Effect.





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 743 110 21 140
Ak Steel Holding Corporation AKS 710 6,637 103 8,000
Worthington Industries Inc WOR 4,501 3,841 157 10,500
Tyco International Plc TYC 0 0 0 57,000
Titanium Metals Corp TIE 0 0 0 0
Ferro Corp FOE 1,240 1,661 78 4,846
ROHM AND HAAS COMPANY ROH 0 0 0 0
Ppg Industries Inc PPG 27,866 15,217 1,335 44,400
Nucor Corp NUE 16,800 25,595 2,632 23,600
Illinois Tool Works Inc ITW 49,440 14,576 2,508 49,000
Honeywell International Inc. HON 128,237 40,294 6,813 131,000
Genuine Parts Co GPC 14,319 18,886 794 39,000
Emerson Electric Co EMR 39,761 18,061 2,333 103,500
Pentair Plc PNR 6,398 1,938 212 28,400
Eastman Chemical Co EMN 11,274 9,853 1,399 15,000
Dupont E I De Nemours & Co DD 0 25,868 -4,708 63,000
Dow Chemical Co DOW 0 57,177 1,057 53,000
Allegheny Technologies Incorporated ATI 3,056 4,072 193 9,700
Alcoa Corp AA 4,354 13,032 539 61,000
3m Company MMM 101,846 32,350 5,650 89,800
Steel Dynamics Inc STLD 7,300 9,774 833 7,780
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
United States Steel Corp X 2,557 13,775 1,151 34,680
Findex Com Inc FIND 3 0 -1 7
Gcp Applied Technologies Inc. GCP 1,591 1,109 564 2,900
Fuller H B Co FUL 2,505 2,971 128 4,400
Century Aluminum Co CENX 618 1,929 -101 1,778
Novelis Inc. NVLCN 0 12,326 434 11,970
Real Industry, Inc. RELY 13 1,307 -109 1,700
Arconic Inc. ARNC 12,293 10,589 685 41,500
Commercial Metals Co CMC 2,155 5,432 164 8,388
Haynes International Inc HAYN 389 470 3 1,123
Timkensteel Corporation TMST 320 1,601 -26 2,600
Universal Stainless & Alloy Products Inc USAP 141 268 14 645
Aleris Corporation ALSDPK 0 3,521 -130 5,400
Searchlight Minerals Corp. SRCH 0 0 0 11
Solitario Zinc Corp. XPL 0 0 -2 5
Axalta Coating Systems Ltd. AXTA 7,286 4,643 186 13,000
Huntsman Corp HUN 4,770 9,118 431 15,000
Kmg Chemicals Inc KMG 1,211 466 65 626
Quaker Chemical Corporation KWR 2,509 867 61 2,020
Rpm International Inc RPM 8,221 5,483 246 13,394
Stepan Co SCL 2,165 2,004 107 2,073
Valspar Corp VAL 0 4,251 337 11,100
Versum Materials, Inc. VSM 5,688 1,367 235 1,900
Westlake Chemical Corp WLK 8,773 8,510 819 8,870
Westlake Chemical Partners Lp WLKP 771 1,300 328 141
Dmc Global Inc. BOOM 913 -43 42 428
Global Brass & Copper Holdings, Inc. BRSS 968 1,724 61 1,857
Csw Industrials, Inc. CSWI 1,118 318 -9 750
Foster L B Co FSTR 281 604 8 1,241
Harsco Corp HSC 2,094 1,740 65 9,400
Kaiser Aluminum Corp KALU 1,602 1,550 53 2,760
Liquidmetal Technologies Inc LQMT 86 1 -8 26
Mueller Industries Inc MLI 1,561 2,480 100 4,244
Materion Corp MTRN 1,294 1,206 27 2,550
Ryerson Holding Corporation RYI 296 4,479 135 3,000
Tht Heat Transfer Technology, Inc. THTI 2 68 -2 576
Trecora Resources TREC 239 281 -3 310
Viavi Solutions Inc. VIAV 3,254 815 -4 3,500
Arcelormittal MT 17,245 76,033 5,330 0
SUBTOTAL 512,037 483,394 33,314 1,330,399


             
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