COMPX REPORTS THIRD QUARTER 2026 RESULTS
Gross margin reached $13.0 million for the quarter and $41.8 million for the first nine months, both above year-earlier levels.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
CompX International (NYSE American: CIX) reported third-quarter 2026 net sales of $44.0 million, up from the same period in 2025. Operating income rose to $6.4 million from $4.8 million. Net income increased to $5.4 million from $4.2 million, with basic and diluted earnings per share rising to $0.44 from $0.34.
For the nine months ended September 30, 2026, sales reached $128.2 million, versus $120.6 million a year earlier. Operating income increased to $22.4 million from $17.0 million, while net income rose to $18.5 million from $14.8 million. Basic and diluted earnings per share reached $1.50, versus $1.20. CompX attributed operating income growth in both periods to higher sales and gross margin at Security Products and Marine Components. Interest income declined in both periods, while cost of sales and selling, general and administrative expenses increased.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter sales rose to $44.0 million from $40.0 million in 2025.
- Moderate pointThird-quarter operating income increased to $6.4 million from $4.8 million in 2025.
- Moderate pointThird-quarter net income rose to $5.4 million from $4.2 million; basic and diluted EPS reached $0.44 versus $0.34.
- Minor pointNine-month sales increased to $128.2 million from $120.6 million in 2025.
- Minor pointNine-month operating income rose to $22.4 million from $17.0 million in 2025.
3 minor points
- Minor pointNine-month net income increased to $18.5 million from $14.8 million; basic and diluted EPS reached $1.50 versus $1.20.
- Minor pointGross margin rose to $13.0 million quarterly and $41.8 million year-to-date, versus $11.0 million and $36.1 million.
- Minor pointPretax income reached $7.1 million quarterly and $24.4 million year-to-date, versus $5.6 million and $19.5 million.
Negative
- Minor pointCost of sales increased to $31.0 million quarterly and $86.4 million year-to-date, versus $29.0 million and $84.5 million.
- Minor pointSelling, general and administrative expenses rose to $6.6 million quarterly and $19.4 million year-to-date, versus $6.2 million and $19.1 million.
- Minor pointInterest income fell to $0.7 million quarterly and $2.0 million year-to-date, versus $0.8 million and $2.5 million.
- Minor pointIncome tax expense increased to $1.7 million quarterly and $5.9 million year-to-date, versus $1.4 million and $4.7 million.
Key Figures
- Q3 net sales
- $44.0 million
- Third quarter 2026; compared with $40.0 million in Q3 2025
- Q3 operating income
- $6.4 million
- Third quarter 2026; compared with $4.8 million in Q3 2025
- Q3 net income
- $5.4 million
- Third quarter 2026; compared with $4.2 million in Q3 2025
- Q3 diluted earnings per share
- $.44 per share
- Third quarter 2026; compared with $.34 per share in Q3 2025
- Nine-month net sales
- $128.2 million
- Nine months ended September 30, 2026; compared with $120.6 million in 2025
- Nine-month operating income
- $22.4 million
- Nine months ended September 30, 2026; compared with $17.0 million in 2025
- Nine-month net income
- $18.5 million
- Nine months ended September 30, 2026; compared with $14.8 million in 2025
- Nine-month diluted earnings per share
- $1.50 per share
- Nine months ended September 30, 2026; compared with $1.20 per share in 2025
Previous Earnings Reports
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Q2 sales, operating income and net income increased year over year.
-
Q1 sales, operating income and net income increased year over year.
-
Q3 2025 sales and net income exceeded the comparable 2024 period.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dallas, Texas, Nov. 04, 2026 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today net sales of
For the nine months ended September 30, 2026, net sales were
Third quarter 2026 net sales increased over the comparable 2025 period primarily due to higher Marine Components sales to the towboat and industrial markets, and to a lesser extent, higher Security Products sales to the healthcare and tool storage markets. Net sales for the first nine months of 2026 increased over the comparable 2025 period due to higher Marine Components sales to the industrial market and higher Security Products sales to various markets including the healthcare, tool storage, transportation and distribution markets. Operating income increased in the third quarter and for the first nine months of 2026 compared to the same periods in 2025 due to higher sales and gross margin at Security Products and Marine Components.
CompX is a leading manufacturer of security products, recreational marine components and custom metal fabricated parts. It operates from three locations in the U.S. and employs approximately 600 people.
Forward-Looking Statements
The statements in this press release relating to matters that are not historical facts are forward-looking statements that represent management’s belief and assumptions based on currently available information. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will be correct. Such statements, by their nature, involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those predicted. While it is not possible to identify all factors, we continue to face many risks and uncertainties.
The factors that could cause our actual future results to differ materially include, but are not limited to, the following:
- Future supply and demand for our products;
- Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs), including as a result of additional or changed tariffs on imported raw materials, and our ability to pass those costs on to our customers or offset them with reductions in other operating costs;
- Price and product competition from low-cost manufacturing sources (such as China);
- The impact of pricing and production decisions;
- Customer and competitor strategies including substitute products;
- Our ability to retain key customers;
- Uncertainties associated with new product development and the development of new product features;
- Pending or possible future litigation (such as litigation related to our use of certain permitted chemicals in our production process) or other actions;
- Our ability to protect or defend our intellectual property rights;
- Decisions to sell operating assets other than in the ordinary course of business;
- Environmental matters (such as those requiring emission and discharge standards for existing and new facilities);
- The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reform;
- Government laws and regulations and possible changes therein including new environmental, health and safety, sustainability or other regulations;
- General global economic and political conditions that disrupt our supply chain, reduce demand or perceived demand for component products or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises);
- Operating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, certain regional and world events or economic conditions and public health crises);
- The introduction of new, or changes in existing, tariffs, trade barriers or trade disputes (including tariffs imposed by the U.S. government on imports from China and Mexico);
- Technology related disruptions (including, but not limited to, cyber attacks; software implementation, upgrades or improvements; technology processing failures; or other events) related to our technology infrastructure that could impact our ability to continue operations, or at key vendors which could impact our supply chain, or at key customers which could impact their operations and cause them to curtail or pause orders; and
- Possible disruption of our business or increases in the cost of doing business resulting from terrorist activities or global conflicts.
Should one or more of these risks materialize (or the consequences of such development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected. We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.
Investor Relations Contact
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700
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COMPX INTERNATIONAL INC.
SUMMARY OF CONSOLIDATED OPERATIONS
(Unaudited)
(In millions, except per share amounts)
| Three months ended | Nine months ended | |||||||||||
| September 30, | September 30, | |||||||||||
| 2025 | 2026 | 2025 | 2026 | |||||||||
| Net sales | $ | 40.0 | $ | 44.0 | $ | 120.6 | $ | 128.2 | ||||
| Cost of sales | 29.0 | 31.0 | 84.5 | 86.4 | ||||||||
| Gross margin | 11.0 | 13.0 | 36.1 | 41.8 | ||||||||
| Selling, general and administrative expense | 6.2 | 6.6 | 19.1 | 19.4 | ||||||||
| Operating income | 4.8 | 6.4 | 17.0 | 22.4 | ||||||||
| Interest income | .8 | .7 | 2.5 | 2.0 | ||||||||
| Income before income taxes | 5.6 | 7.1 | 19.5 | 24.4 | ||||||||
| Income tax expense | 1.4 | 1.7 | 4.7 | 5.9 | ||||||||
| Net income | $ | 4.2 | $ | 5.4 | $ | 14.8 | $ | 18.5 | ||||
| Basic and diluted net income per common share | $ | .34 | $ | .44 | $ | 1.20 | $ | 1.50 | ||||
| Weighted average diluted common shares outstanding | 12.3 | 12.3 | 12.3 | 12.3 | ||||||||
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were CompX's third-quarter 2026 earnings?
CompX earned $5.4 million, or $0.44 per basic and diluted common share, in the third quarter of 2026. That compares with $4.2 million, or $0.34 per basic and diluted common share, in the same period of 2025.
What drove CompX's sales growth in 2026?
CompX attributed third-quarter sales growth primarily to higher Marine Components sales to towboat and industrial markets, with a smaller contribution from Security Products sales to healthcare and tool storage markets. For the first nine months, growth came from Marine Components sales to the industrial market and Security Products sales to markets including healthcare, tool storage, transportation and distribution.