Zacks Initiates CompX's Coverage With Neutral Recommendation

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 ...