CompX Q1 2024 sales $38M (-7.8% YoY); net income $3.7M ($0.31 EPS) vs $6.1M ($0.49) in Q1 2023

COMPX INTERNATIONAL INC

2024-Q1 EPS reported $0.31 revenue$37,971,000

Net sales of $38.0M, down from $41.2M in Q1 2023, driven by lower Marine Components sales to towboat market.
Operating income fell to $3.7M from $7.0M, primarily due to lower Marine Components sales and gross margin.
Net income of $3.7M ($0.31 per share) vs $6.1M ($0.49 per share) in Q1 2023, a 39% decline.
Security Products segment sales increased, partially offsetting the Marine Components decline.
Company employs ~540 people and operates three U.S. manufacturing locations.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COMPX INTERNATIONAL INC reported the first quarter of 2024 results: revenue $38.0 million, net income $3.7 million, EPS $.31 per basic and diluted common share.

Period: the first quarter of 2024
Revenue: $38.0 million
Net income: $3.7 million
EPS: $.31 per basic and diluted common share
Result: reported results

Exact text from the filing

CompX International Inc. (NYSE American: CIX) announced today sales of $38.0 million for the first quarter of 2024 compared to $41.2 million in the same period of 2023. Operating income was $3.7 million in the first quarter of 2024 compared to $7.0 million in the same period of 2023. Net income was $3.7 million, or $.31 per basic and diluted common share, for the first quarter of 2024 compared to $6.1 million, or $.49 per basic and diluted common share, in the same period of 2023.

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Source: SEC EDGAR

accession 0001049606-24-000009

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