Dallas, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today sales of $35.9 million for the second quarter of 2024 compared to $36.6 million in the same period of 2023. Operating income was $5.1 million in the second quarter of 2024 compared to $4.4 million in the same period of 2023. Net income was $4.9 million, or $.39 per basic and diluted common share, for the second quarter of 2024 compared to $4.0 million, or $.33 per basic and diluted common share, in ...

retouchman/iStock via Getty Images I am placing a HOLD rating on CompX International Inc. (NYSE:CIX) because I believe that CIX's share price is likely to fall in 2024 due to the conclusion of a pilot project related to the company selling security products to the United States Postal Service as well as a continued downward trend in its marine component sales. While CIX has proven itself to be a well run business which should continue to prosper on a long-term horizon, a decrease in CIX's sales figures shou ...

The Security Products segment, accounting for roughly 75% of net sales in 2023, witnessed a 9% year-overyear sales increase in the first quarter of 2024, reflecting strong demand, particularly from government projects. Despite a challenging market environment, CompX maintained a healthy gross margin of 29.4% during this period, showcasing its profitability and market resilience. However, potential investors should be aware of the challenges highlighted in the report. The outlook for 2024 presents certain ch ...

Investor Relations Contact Bryan A. Hanley Senior Vice President and Treasurer Tel. 972-233-1700 elected each of Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, Scott C. James, Ann Manix, Gina A. Norris, Michael S. Simmons and Mary A. Tidlund as a director for a one-year term; and adopted a resolution that approved, on a nonbinding advisory basis, the compensation of its named executive officers as disclosed in the proxy statement for the 2024 annual stockholder meeting. Dallas, Texas, May 22, 2024 ...

Dallas, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today that its board of directors has declared CompX's regular quarterly dividend of thirty cents ($0.30) per share on its class A common stock, payable on June 18, 2024 to stockholders of record at the close of business on June 10, 2024. CompX also announced that at its annual stockholder meeting held on May 22, 2024, its stockholders: CompX is a leading manufacturer of security products and recreational ...

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Item 9.01 Financial Statements and Exhibits. Delaware 1-13905 57-0981653 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 99.1 Press release dated May 7, 2024 entitled "CompX Reports First Quarter 2024 Results" and issued by the registrant. FORM 8-K Date of Report (Date of earliest event reported) May 7, 2024 5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240-2620 ( ...

- 6 - Security Products. Security Products net sales increased 9% in the first quarter of 2024 compared to the same period last year primarily due to $1.8 million higher sales to the government security market. Gross margin as a percentage of net sales decreased for the first quarter of 2024 compared to the same period in 2023 primarily due to the relative changes in fixed costs allocated to cost of sales during the quarter. Additionally, a less favorable customer and product mix in the first quarter of 202 ...

Adam Gault Intro We wrote about CompX International Inc. (NYSE:CIX) in February 2020 when we stamped a 'Buy' rating on the security & recreational marine-related company. The company's attractive valuation, strong balance sheet, and improving cash-flow trends stood out at the time. In fact, given the strong fundamentals CompX was inherently displaying, we predicted a successful breakout above long-term support. Although the company's growth rates had slowed at the time, we believed that growing equity a ...

Dallas, Texas, Feb. 28, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American:  CIX) announced today a $0.05 per share increase in its regular quarterly dividend.  CompX's board of directors has declared a regular quarterly dividend of thirty cents ($0.30) per share on its class A common stock, payable on March 19, 2024 to stockholders of record at the close of business on March 11, 2024. CompX is a leading manufacturer of security products and recreational marine components. * * * * Investor Rel ...

DALLAS, TEXAS … February 28, 2024 … CompX International Inc. (NYSE American: CIX) announced today sales of $43.2 million for the fourth quarter of 2023 compared to $40.0 million in the same period of 2022. Operating income was $7.4 million in the fourth quarter of 2023 compared to $5.4 million in the same period of 2022. Net income was $6.7 million, or $.54 per basic and diluted common share, for the fourth quarter of 2023 compared to $4.8 million, or $.39 per basic and diluted common share, in the same per ...