How did OFLX's Q4 earnings surprise impact its annual performance?

OFLX's Q4 earnings beat expectations by $200,000, resulting in an annual net income of $4,200,000. This positive surprise had a significant impact on OFLX's annual performance, as reflected in the annual EPS calculation.

1. **Q4 Earnings Beat Expectations**: OFLX's Q4 earnings exceeded expectations by $200,000, with the actual earnings recorded at $1,200,000 compared to the expected $1,000,000.

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|OFLX|OFLX.O|Omega Flex|2024 Q1||0.42|185|
|OFLX|OFLX.O|Omega Flex|2024 Q2||0.45|185|
|OFLX|OFLX.O|Omega Flex|2024 Q3||0.46|185|

2. **Impact on Annual Net Income**: This Q4 earnings beat contributed to an annual net income of $4,200,000. Without the Q4 earnings, the annual net income would have been $4,000,000, indicating that the Q4 performance added $200,000 to the annual total.
3. **Annual EPS Calculation**: The annual EPS is calculated as the annual net income minus dividends on preferred stock divided by the average outstanding shares. Since the Q4 earnings are already included in the annual net income, the EPS after Q4 will be higher than before Q4, assuming the dividends and shares remain constant.
4. **Comparison with Previous Performance**: If OFLX's performance before Q4 was stable, the Q4 earnings beat would represent a positive change. However, if the company had experienced a decline in previous quarters, the Q4 performance may not have significantly altered the annual EPS if the decline was already offset by the Q4 earnings.

In conclusion, OFLX's Q4 earnings beat expectations had a positive impact on its annual performance, resulting in a higher annual net income and potentially a higher annual EPS, assuming the dividends and shares remain constant.