Kevin Hoben - Omega Flex Chairman

OFLX Stock  USD 49.42  0.18  0.37%   

Chairman

Mr. Kevin R. Hoben serves as Chairman of the Board, Chief Executive Officer of the Company. r. Hoben is currently Chairman and Chief Executive Officer of the Company, and previously served as President from 2005 to 2018. Mr. Hoben also has served as our director since 1996 and as a director and chairman of our United Kingdom subsidiary, Omega Flex Limited, since 2001. Mr. Hoben is also a director of Taco Comfort Solutions, Inc. Mr. Hoben has over 30 years of experience in the sale and distribution of flexible metal hose products in positions of increasing scope and responsibility, and is a significant shareholder. Mr. Hoben is a Class 3 Director with a term expiring at the annual meeting of shareholders in 2020. since 2018.
Age 77
Tenure 6 years
Address 451 Creamery Way, Exton, PA, United States, 19341-2509
Phone610 524 7272
Webhttps://www.omegaflexcorp.com
Hoben also has served as director since 1996 and as a director and chairman of the United Kingdom subsidiary, Omega Flex Limited, since 2001. Prior to joining Omega Flex, Mr. Hoben served in a number of senior executive positions with Titeflex Corporationrationrationration, a manufacturer of flexible metal hose located in Springfield, Massachusetts, and is also a trustee of WillistonNorthampton School, a private secondary school in Easthampton, Massachusetts.

Omega Flex Management Efficiency

The company has return on total asset (ROA) of 0.1381 % which means that it generated a profit of $0.1381 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2276 %, meaning that it created $0.2276 on every $100 dollars invested by stockholders. Omega Flex's management efficiency ratios could be used to measure how well Omega Flex manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to rise to 0.58 in 2024, whereas Return On Tangible Assets are likely to drop 0.17 in 2024. At this time, Omega Flex's Fixed Asset Turnover is fairly stable compared to the past year. Asset Turnover is likely to rise to 1.18 in 2024, whereas Total Assets are likely to drop slightly above 59.6 M in 2024.
Omega Flex currently holds 2.95 M in liabilities with Debt to Equity (D/E) ratio of 0.05, which may suggest the company is not taking enough advantage from borrowing. Omega Flex has a current ratio of 3.59, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Omega Flex's use of debt, we should always consider it together with its cash and equity.

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Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania. Omega Flex operates under Specialty Industrial Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 170 people. Omega Flex (OFLX) is traded on NASDAQ Exchange in USA. It is located in 451 Creamery Way, Exton, PA, United States, 19341-2509 and employs 168 people. Omega Flex is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification.

Management Performance

Omega Flex Leadership Team

Elected by the shareholders, the Omega Flex's board of directors comprises two types of representatives: Omega Flex inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Omega. The board's role is to monitor Omega Flex's management team and ensure that shareholders' interests are well served. Omega Flex's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Omega Flex's outside directors are responsible for providing unbiased perspectives on the board's policies.
Timothy Scanlan, General Counsel and Secretary
Edwin Moran, President Director
Steven Treichel, Sr. VP of Corporate Devel. and Facilities Management
Dean Rivest, CEO Director
Kevin Hoben, CEO and President Director, Member of Executive Committee and Chairman of Omega Flex Limited
Susan Asch, General VP
Luke Hawk, Financial Controller
Matthew CPA, VP CFO

Omega Stock Performance Indicators

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