CompX Q1 2022 sales up 17% to $42.1M, net income $5.0M ($0.40/sh) vs $4.7M YoY

COMPX INTERNATIONAL INC

2022-Q1 EPS reported $0.40 revenue$42,050,000

Sales of $42.1M vs $35.9M in Q1 2021, a 17% increase.
Operating income rose to $6.3M from $5.8M year-over-year.
Net income of $5.0M ($0.40 per diluted share) vs $4.7M ($0.38) in prior year.
Growth driven by higher Security Products sales across multiple markets and Marine Components towboat sales.
Higher production costs (raw materials, shipping, labor) partially offset the sales gain.

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