COMPX REPORTS FIRST QUARTER 2025 RESULTS DALLAS, TEXAS … May 6, 2025 … CompX International Inc. (NYSE American: CIX) announced today net sales of $40.3 million for the first quarter of 2025 compared to $38.0 million in the same period of 2024. Operating income was $5.9 million in the first quarter of 2025 compared to $3.7 million in the same period of 2024. Net income was $5.1 million, or $.42 per basic and diluted common share, for the first quarter of 2025 compared to $3.7 million, or $.31 per basic and d ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 1-13905 COMPX INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) DELAWARE 57-0981653 (State ...

Dallas, Texas, May 06, 2025 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today net sales of $40.3 million for the first quarter of 2025 compared to $38.0 million in the same period of 2024. Operating income was $5.9 million in the first quarter of 2025 compared to $3.7 million in the same period of 2024. Net income was $5.1 million, or $.42 per basic and diluted common share, for the first quarter of 2025 compared to $3.7 million, or $.31 per basic and diluted common share, in ...

Dallas, Texas, April 15, 2025 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American:  CIX) announced today that, subject to the completion of quarter-end closing procedures, it expects to report first quarter 2025 earnings in a press release after market close on Tuesday, May 6, 2025.  CompX is a leading manufacturer of security products and recreational marine components. * * * * Investor Relations Contact Bryan A. HanleySenior Vice President and TreasurerTel. 972-233-1700 ...

Shares of CompX International Inc. (CIX) have gained 2.6% since reporting results for the fourth quarter of 2024. This compares to the S&P 500 index’s 0.1% dip over the same time frame. Over the past month, the stock has lost 7.9% compared with the S&P 500’s 5% decline.Sales & Earnings Decline Y/YCompX International posted fourth-quarter 2024 earnings per share of 37 cents, which declined 31.5% from 54 cents in the year-ago quarter.The company reported net sales of $38.4 million in the fourth quarter of 202 ...

Business Segments - The company operates two business segments: Security Products and Marine Components, with a significant North American market share in cabinet lock security products[13]. - The Security Products segment includes specialized products tailored to customer specifications, contributing to a substantial portion of sales[17]. - The company focuses on high-end market segments, competing on product design, quality, durability, and service[30]. Sales and Customers - In 2024, the United States Postal Service accounted for 21% of total sales, with the top ten customers representing approximately 47% of total sales[29]. Raw Material Costs - Raw material costs accounted for approximately 46% of total cost of sales in 2024, with primary materials including zinc, brass, aluminum, and stainless steel[21]. - The company experienced moderate increases in raw material costs, particularly brass, starting in the latter half of the third quarter of 2024[22]. - The company does not have long-term supply agreements for raw material requirements due to low risk of unavailability and high price volatility[135]. - The company occasionally enters into short-term commodity-related raw material supply arrangements to mitigate future cost increases[135]. - The company does not engage in commodity raw material hedging programs[135]. Workforce and Labor Relations - The company has a well-trained workforce of 510 employees as of December 31, 2024, with good labor relations[38]. Environmental Sustainability - The company emphasizes environmental sustainability and has received awards for compliance excellence in its operations[33]. Intellectual Property - The company holds patents with remaining terms ranging from 1 to 16 years, which are considered important for its business activities[23]. Financial Management - The outstanding principal amount of the note receivable from affiliate is $9.3 million as of December 31, 2024, with an interest rate of prime plus 1.0% (8.5% at December 31, 2024)[134]. - Interest income received from the note during 2024 amounted to $1.0 million[134]. - The company has established share ownership guidelines for non-management directors to align their financial interests with those of stockholders[32]. Reporting and Compliance - The fiscal year ends on the Sunday closest to December 31, with the years ending December 31, 2022, 2023, and 2024 consisting of 52 weeks[40]. - Annual reports containing audited financial statements are provided to stockholders[40]. - The company files annual, quarterly, and current reports with the SEC[40]. - Information on the company's website is not part of the Annual Report[41]. - The SEC maintains a website that contains reports and information regarding issuers that file electronically[41].

Financial Performance - Net sales for Q4 2024 were $38.4 million, a decrease of 11.1% from $43.2 million in Q4 2023[1][12] - Operating income for Q4 2024 was $4.9 million, down 33.8% from $7.4 million in Q4 2023[1][12] - Net income for Q4 2024 was $4.5 million, or $0.37 per share, compared to $6.7 million, or $0.54 per share, in Q4 2023, representing a decline of 32.8%[1][12] - For the full year 2024, net sales totaled $145.9 million, down 9.5% from $161.3 million in 2023[2][12] - Full year operating income decreased to $17.0 million, a decline of 33.1% from $25.4 million in 2023[2][12] - Full year net income was $16.6 million, or $1.35 per share, compared to $22.6 million, or $1.84 per share, in 2023, reflecting a decrease of 26.5%[2][12] Sales and Market Factors - The decline in Q4 2024 net sales was primarily due to lower Security Products sales to a government customer, partially offset by increased Marine Components sales[3][4] Company Operations - The company operates from three locations in the U.S. and employs approximately 510 people[5] Future Risks - Future risks include supply and demand fluctuations, raw material cost changes, and competition from low-cost manufacturing sources[8][10] - The company faces uncertainties related to new product development and potential litigation affecting operations[8][10]

Core Points - CompX International Inc. reported a decline in net sales for both the fourth quarter and the full year of 2024 compared to 2023, with fourth quarter sales at $38.4 million, down from $43.2 million, and annual sales at $145.9 million, down from $161.3 million [1][2][4] - Operating income also decreased significantly, with fourth quarter operating income at $4.9 million compared to $7.4 million in the previous year, and annual operating income at $17.0 million, down from $25.4 million [1][2][4] - Net income for the fourth quarter was $4.5 million, or $0.37 per share, compared to $6.7 million, or $0.54 per share in the same period of 2023, while annual net income was $16.6 million, or $1.35 per share, down from $22.6 million, or $1.84 per share [1][2][11] Sales Performance - The decrease in fourth quarter net sales was primarily attributed to lower sales of Security Products to a government security customer, which was partially offset by increased sales of Marine Components [3] - For the full year, the decline in net sales was mainly due to reduced Marine Components sales to the towboat market and lower Security Products sales in the latter half of the year [4] Financial Metrics - Gross margin for the fourth quarter was $11.0 million, down from $13.6 million in the same period of 2023, while the annual gross margin decreased to $41.3 million from $49.2 million [9] - Selling, general and administrative expenses remained relatively stable, with slight variations year-over-year [9] Company Overview - CompX International Inc. is a leading manufacturer of security products and recreational marine components, operating from three locations in the U.S. and employing approximately 510 people [5]

Core Insights - Nokia has been selected by DE-CIX to upgrade the backbone network for DE-CIX New York, the largest Internet Exchange in New York and the US Northeast region, to 400 Gigabit Ethernet (GE) using Nokia's optical technology [1][7] - The upgrade will enhance the resiliency of the platform by redesigning the network in a ring topology, interconnecting 10 data center facilities [1][4] - The optical solution also supports 800GE for future growth and employs Reconfigurable Optical Add/Drop Multiplexer (ROADM) technology for improved routing flexibility and faster incident response [2][4] Company and Industry Summary - DE-CIX New York connects over 265 networks and spans more than 40 data centers, making it a significant player in the North American interconnection ecosystem [4][5] - The upgrade is aimed at future-proofing the platform to better serve the New York market and support anticipated growth in 2025 [4][6] - DE-CIX operates in close to 60 locations globally, providing interconnection services to thousands of network operators and content providers across more than 100 countries [6][12]

Core Insights - CompX International, Inc. (NYSE: CIX) has demonstrated strong financial performance over the past five years, with a net operating profit after tax (NOPAT) compounding at 2.9% annually [1] - The company's return on invested capital (ROIC) has increased from 9.4% to 11.89%, indicating improved efficiency in generating returns from investments [1] - CompX has generated nearly one-third of its market capitalization as free cash flow, highlighting its strong cash generation capabilities [1]