secwatch.observer — SEC 8-K summary
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Issuer:     COMPX INTERNATIONAL INC (CIX)
CIK:        0001049606
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001049606-24-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049606/000104960624000009/0001049606-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049606/000104960624000009/cix-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001049606-24-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer