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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 10.18 % year on year in Q3 2018, from the previous quarter, sales fell by -3.46 %, Omega Flex's cost of sales deteriorated by % year on year, sequentially cost of sales grew by 0.18 % in Q3.

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Omega Flex's Suppliers recorded increase in sales by 10.18 % year on year in Q3 2018, from the previous quarter, sales fell by -3.46 %, Omega Flex recorded increase in cost of sales by 9.63 % year on year, sequentially cost of sales grew by 0.18 % in Q3.

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 Q3 to
-40.44 % 4.96 %


Omega Flex, Inc.'s Suppliers Sales Growth in Q3 2018 by Industry

Suppliers in Chemical Manufacturing Industry      8.4 %
Suppliers in Chemicals - Plastics & Rubber Industry      13.95 %
Suppliers in Aluminum Industry      13.21 %
Suppliers in Iron & Steel Industry      21.62 %
Suppliers in Miscellaneous Fabricated Products Industry      26.63 %
Suppliers in Miscellaneous Manufacturing Industry -26.05 %   
Suppliers in Industrial Machinery and Components Industry -0.06 %   
Suppliers in Conglomerates Industry      3.39 %
Suppliers in Appliance & Tool Industry      10.21 %
Suppliers in Oil & Gas Integrated Operations Industry      19.36 %
Suppliers in Semiconductors Industry      37.55 %
Suppliers in Automotive Aftermarket Industry      15.31 %
     
• 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 595 107 19 140
Ak Steel Holding Corporation AKS 863 5,962 175 8,000
Worthington Industries Inc WOR 4,172 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 1,388 1,528 54 4,846
ROHM AND HAAS COMPANY ROH 0 0 0 0
Ppg Industries Inc PPG 24,631 15,411 1,249 44,400
Nucor Corp NUE 17,703 23,864 2,195 23,600
Illinois Tool Works Inc ITW 43,619 14,817 1,880 49,000
Honeywell International Inc. HON 103,571 42,916 2,688 131,000
Genuine Parts Co GPC 14,256 18,338 732 39,000
Emerson Electric Co EMR 39,020 17,408 2,224 103,500
Pentair Plc PNR 7,075 4,469 528 28,400
Eastman Chemical Co EMN 10,795 10,137 1,540 15,000
Dupont E I De Nemours & Co DD 0 23,934 -4,138 63,000
Dow Chemical Co DOW 0 60,479 1,239 53,000
Allegheny Technologies Incorporated ATI 3,332 3,919 197 9,700
Alcoa Corp AA 5,386 13,233 603 61,000
3m Company MMM 113,062 32,810 4,539 89,800
Steel Dynamics Inc STLD 7,722 11,254 1,289 7,780
BERKSHIRE HATHAWAY INC. BRK 0 0 0 316,000
United States Steel Corp X 3,627 13,242 682 34,680
Findex Com Inc FIND 3 0 -2 7
Gcp Applied Technologies Inc. GCP 1,805 1,139 -93 2,900
Fuller H B Co FUL 2,254 2,951 122 4,400
Century Aluminum Co CENX 714 1,840 35 1,778
Novelis Inc. NVLCN 0 12,232 467 11,970
Real Industry, Inc. RELY 13 1,307 -109 1,700
Arconic Inc. ARNC 10,075 11,792 897 41,500
Commercial Metals Co CMC 1,873 4,683 121 8,388
Haynes International Inc HAYN 382 435 -22 1,123
Timkensteel Corporation TMST 490 1,546 -26 2,600
Universal Stainless & Alloy Products Inc USAP 146 234 14 645
Aleris Corporation ALSDPK 0 3,338 -176 5,400
Searchlight Minerals Corp. SRCH 0 0 0 11
Solitario Zinc Corp. XPL 42 1 -1 5
Axalta Coating Systems Ltd. AXTA 5,779 4,703 81 13,000
Huntsman Corp HUN 5,009 8,247 1,252 15,000
Kmg Chemicals Inc KMG 1,211 466 65 626
Quaker Chemical Corporation KWR 2,467 867 43 2,020
Rpm International Inc RPM 6,970 5,483 246 13,394
Stepan Co SCL 1,816 1,981 95 2,073
Valspar Corp VAL 0 4,251 337 11,100
Versum Materials, Inc. VSM 3,172 1,312 203 1,900
Westlake Chemical Corp WLK 9,440 8,650 1,719 8,870
Westlake Chemical Partners Lp WLKP 743 1,259 347 141
Dmc Global Inc. BOOM 527 291 13 428
Global Brass & Copper Holdings, Inc. BRSS 616 1,773 58 1,857
Csw Industrials, Inc. CSWI 757 326 -12 750
Foster L B Co FSTR 190 604 8 1,241
Harsco Corp HSC 1,823 1,643 44 9,400
Kaiser Aluminum Corp KALU 1,593 1,489 51 2,760
Liquidmetal Technologies Inc LQMT 132 1 -6 26
Mueller Industries Inc MLI 1,413 2,472 85 4,244
Materion Corp MTRN 961 1,218 33 2,550
Ryerson Holding Corporation RYI 255 4,199 98 3,000
Tht Heat Transfer Technology, Inc. THTI 1 73 4 576
Trecora Resources TREC 206 279 17 310
Viavi Solutions Inc. VIAV 2,372 954 -57 3,500
SUBTOTAL 465,473 411,568 23,835 1,330,399


     
       
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