CompX Q4 net income up 40% to $6.7M; dividend raised to $0.30

COMPX INTERNATIONAL INC

2023-FY EPS reported $1.84 revenue$161,287,000

Q4 2023 sales $43.2M vs $40.0M YoY; operating income $7.4M vs $5.4M.
Net income $6.7M ($0.54 EPS) vs $4.8M ($0.39 EPS) in Q4 2022.
Full-year 2023 sales $161.3M vs $166.6M; net income $22.6M ($1.84 EPS) vs $20.9M ($1.69 EPS).
Security Products pilot project for government customer boosted Q4 sales; Marine Components lower.
Quarterly dividend increased $0.05 to $0.30 per share, payable March 19 to March 11 record holders.

item 2.02 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 0.99

COMPX INTERNATIONAL INC reported the year ended December 31, 2023 results: revenue $161.3 million, net income $22.6 million, EPS $1.84 per basic and diluted common share.

Period: the year ended December 31, 2023
Revenue: $161.3 million
Net income: $22.6 million
EPS: $1.84 per basic and diluted common share
Result: reported results

Exact text from the filing

Net sales for the year ended December 31, 2023 were $161.3 million compared to $166.6 million in the previous year. Operating income was $25.4 million for each of the years ended December 31, 2023 and December 31, 2022. Net income for the year ended December 31, 2023 was $22.6 million, or $1.84 per basic and diluted common share, compared to $20.9 million, or $1.69 per basic and diluted common share, for the same period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

COMPX INTERNATIONAL INC reported the fourth quarter of 2023 results: revenue $43.2 million, net income $6.7 million, EPS $.54 per basic and diluted common share.

Period: the fourth quarter of 2023
Revenue: $43.2 million
Net income: $6.7 million
EPS: $.54 per basic and diluted common share
Result: reported results

Exact text from the filing

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 period of 2022.

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Source: SEC EDGAR

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