CompX Q3 2023 net income $0.47/share vs $0.40 YoY; sales down 6% to $40.3M

COMPX INTERNATIONAL INC

2023-Q3 EPS reported $1.29 revenue$118,122,000

Q3 net income $5.8M ($0.47 EPS) vs $4.9M ($0.40 EPS) a year ago; operating income rose to $6.6M.
Q3 sales $40.3M, down from $42.9M; nine-month sales $118.1M vs $126.6M, driven by lower Marine Components sales.
Board declared $0.25 regular quarterly dividend, payable Dec 12, record Dec 1.
Security Products sales and gross margin improved, partially offsetting Marine Components decline.

item 2.02 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMPX INTERNATIONAL INC reported third quarter of 2023 results: revenue $40.3 million, net income $5.8 million, EPS $.47 per basic and diluted common share.

Period: third quarter of 2023
Revenue: $40.3 million
Net income: $5.8 million
EPS: $.47 per basic and diluted common share
Result: reported results

Exact text from the filing

CompX International Inc. (NYSE American: CIX) announced today sales of $40.3 million for the third quarter of 2023 compared to $42.9 million in the same period of 2022. Operating income was $6.6 million in the third quarter of 2023 compared to $6.0 million in the same period of 2022. Net income was $5.8 million, or $.47 per basic and diluted common share, for the third quarter of 2023 compared to $4.9 million, or $.40 per basic and diluted common share, in the same period of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMPX INTERNATIONAL INC reported nine months ended September 30, 2023 results: revenue $118.1 million, net income $15.9 million, EPS $1.29 per diluted share.

Period: nine months ended September 30, 2023
Revenue: $118.1 million
Net income: $15.9 million
EPS: $1.29 per diluted share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2023, sales were $118.1 million compared to $126.6 million in the previous year. Operating income was $18.0 million for the first nine months of 2023 compared to $20.0 million for the same period in 2022. Net income for the nine months ended September 30, 2023, was $15.9 million or $1.29 per diluted share, compared to $16.1 million, or $1.30 per diluted share, for the same period in 2022.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

COMPX INTERNATIONAL INC: Board amended and restated bylaws effective November 1, 2023, with changes including enhanced stockholder nomination procedures, updated advance notice window, clarifications on special meetings, and other updates (effective 2023-11-01).

Change: bylaw amendment
Effective: 2023-11-01

Exact text from the filing

At its meeting on November 1, 2023, the registrant’s board of directors amended and restated the registrant’s bylaws effective November 1, 2023, to make changes as described below.

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Source: SEC EDGAR

accession 0001049606-23-000027

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