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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 -5.82 % compare to the same quarter a year ago, sequentially sales grew by 59.7 %, Omega Flex's cost of sales deteriorated by % year on year, sequentially cost of sales grew by 2.35 % in Q2.

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Omega Flex's Suppliers realized sales deteriorated by -5.82 % compare to the same quarter a year ago, sequentially sales grew by 59.7 %, Omega Flex's cost of sales deteriorated by -5.27 % year on year, sequentially cost of sales grew by 2.35 % in Q2.

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 Q2 to
-51.11 % 4.94 %


Omega Flex, Inc.'s Suppliers Sales Growth in Q2 2019 by Industry

Suppliers in Chemical Manufacturing Industry -4.15 %   
Suppliers in Chemicals - Plastics & Rubber Industry -36.01 %   
Suppliers in Aluminum Industry -8.06 %   
Suppliers in Iron & Steel Industry -4.69 %   
Suppliers in Miscellaneous Fabricated Products Industry      4.69 %
Suppliers in Miscellaneous Manufacturing Industry -5.37 %   
Suppliers in Industrial Machinery and Components Industry -4.4 %   
Suppliers in Conglomerates Industry -9.81 %   
Suppliers in Appliance & Tool Industry      5.12 %
Suppliers in Oil & Gas Integrated Operations Industry      1.86 %
Suppliers in Automotive Aftermarket Industry      2.33 %
     
• 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 929 110 20 140
Ak Steel Holding Corporation AKS 765 6,791 177 8,000
Worthington Industries Inc WOR 3,879 3,627 104 10,500
Tyco International Plc TYC 0 0 0 57,000
Titanium Metals Corp TIE 0 0 0 0
Ferro Corporation FOE 957 1,638 59 4,846
ROHM AND HAAS COMPANY ROH 0 0 0 0
Ppg Industries Inc PPG 28,943 15,110 1,239 44,400
Nucor Corp NUE 15,816 25,031 2,330 23,600
Illinois Tool Works Inc ITW 51,312 14,354 2,465 49,000
Honeywell International Inc HON 123,346 38,618 7,089 131,000
Genuine Parts Co GPC 14,518 18,998 792 39,000
Emerson Electric Co. EMR 42,457 18,289 2,226 103,500
Pentair Plc PNR 6,563 1,957 285 28,400
Eastman Chemical Co EMN 10,137 9,907 1,053 15,000
Dupont De Nemours, Inc. DD 49,891 22,791 -5,759 63,000
Dow Chemical Co DOW 0 57,177 1,057 53,000
Allegheny Technologies Incorporated ATI 2,848 4,143 195 9,700
Alcoa Corp AA 3,764 12,164 16 61,000
3m Co MMM 96,062 32,131 4,919 89,800
Steel Dynamics, Inc STLD 6,362 11,988 1,227 7,780
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
United States Steel Corp X 1,853 13,341 1,005 34,680
Findex Com Inc FIND 4 0 1 7
Gcp Applied Technologies Inc. GCP 1,469 1,137 25 2,900
Fuller H B Co FUL 2,461 2,926 140 4,400
Century Aluminum Company CENX 547 1,932 -141 1,778
Novelis Inc. NVLCN 0 12,154 424 11,970
Real Industry, Inc. RELY 13 1,307 -109 1,700
Arconic Inc. ARNC 12,313 10,707 444 41,500
Commercial Metals Co CMC 2,220 5,432 164 8,388
Haynes International Inc HAYN 450 483 6 1,123
Timkensteel Corporation TMST 240 1,524 -38 2,600
Universal Stainless & Alloy Products Inc USAP 128 273 12 645
Aleris Corporation ALSDPK 0 3,507 -26 5,400
Searchlight Minerals Corp. SRCH 0 0 0 11
Solitario Zinc Corp. XPL 16 0 2 5
Axalta Coating Systems Ltd. AXTA 6,729 4,589 209 13,000
Huntsman Corporation HUN 5,290 8,908 -74 15,000
Kmg Chemicals Inc KMG 1,211 466 65 626
Quaker Chemical Corporation KWR 2,139 851 57 2,020
Rpm International Inc RPM 8,846 5,577 304 13,394
Stepan Co SCL 2,212 1,957 105 2,073
Ensco Rowan Plc VAL 1,058 3,693 627 11,100
Versum Materials, Inc. VSM 5,787 1,341 86 1,900
Westlake Chemical Corporation WLK 8,016 8,419 660 8,870
Westlake Chemical Partners Lp WLKP 819 1,269 324 141
Dmc Global Inc. BOOM 595 -13 53 428
Global Brass & Copper Holdings, Inc. BRSS 968 1,724 61 1,857
Csw Industrials, Inc. CSWI 994 385 103 750
Foster L B Co FSTR 214 686 -21 1,241
Harsco Corp HSC 1,496 1,681 116 9,400
Kaiser Aluminum Corporation KALU 1,582 1,553 93 2,760
Liquidmetal Technologies Inc LQMT 85 1 -9 26
Mueller Industries Inc MLI 1,591 2,483 94 4,244
Materion Corporation MTRN 1,282 1,195 32 2,550
Ryerson Holding Corporation RYI 313 4,743 141 3,000
Tht Heat Transfer Technology, Inc. THTI 1 68 -2 576
Trecora Resources TREC 216 283 -3 310
Viavi Solutions Inc. VIAV 3,556 1,175 -15 3,500
Arcelormittal MT 14,506 76,033 5,330 0
SUBTOTAL 548,839 478,502 29,718 1,330,399


             
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