COMPX REPORTS FIRST QUARTER 2025 RESULTS

About this update from Compx International Inc.

[{"type":"text","content":"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 the same period of 2024.","length":537,"tagName":"p"},{"type":"text","content":"First quarter 2025 net sales increased over the comparable 2024 period due to higher Marine Components sales primarily to the towboat and government markets and to a lesser extent higher Security Products sales primarily to the government security market. Operating income increased in the first quarter of 2025 compared to the same period in 2024 primarily due to higher Marine Components sales and gross margin.","length":413,"tagName":"p"},{"type":"text","content":"CompX is a leading manufacturer of security products and recreational marine components. It operates from three locations in the U.S. and employs approximately 550 people.","length":171,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"The statements in this press release relating to matters that are not historical facts are forward-looking statements that represent management’s belief and assumptions based on currently available information. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will be correct. Such statements, by their nature, involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those predicted. While it is not possible to identify all factors, we continue to face many risks and uncertainties.","length":679,"tagName":"p"},{"type":"text","content":"The factors that could cause our actual future results to differ materially include, but are not limited to, the following:","length":123,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Future supply and demand for our products;","length":4...

More updates from Compx International Inc.