Welcome to our dedicated page for Compx Inter news (Ticker: CIX), a resource for investors and traders seeking the latest updates and insights on Compx Inter stock.
Compx International Inc. (CIX) delivers essential security systems and marine components to industries ranging from healthcare to marine manufacturing. This dedicated news hub provides investors and industry professionals with centralized access to corporate developments, financial updates, and operational milestones.
Track CIX's latest earnings reports, product innovations, and strategic partnerships through verified press releases and third-party analysis. Our curated feed ensures timely updates on security product advancements, marine component engineering breakthroughs, and market expansion initiatives.
Key coverage areas include quarterly financial disclosures, leadership announcements, manufacturing facility updates, and industry recognition. The resource eliminates the need to monitor multiple sources while maintaining strict adherence to factual reporting standards.
Bookmark this page for efficient monitoring of CIX's evolving role in specialty manufacturing. Combine real-time alerts with historical context to better understand the company's market trajectory.
CompX International Inc. (NYSE American: CIX) reported first quarter 2024 sales of $38.0 million, down from $41.2 million in 2023. Operating income decreased from $7.0 million in 2023 to $3.7 million in 2024. Net income also dropped to $3.7 million, or $.31 per share, from $6.1 million, or $.49 per share, in the same period last year. Sales declined due to lower Marine Components sales offset by higher Security Products sales. CompX is a key player in security products and recreational marine components, with operations in the U.S. and 540 employees.
CompX International reported a strong financial performance for Q4 and the full year of 2022. Q4 sales reached $40.0 million, up from $34.1 million in 2021. Operating income rose to $5.4 million, while net income grew to $4.8 million, or $0.39 per share. For the year, net sales were $166.6 million, compared to $140.8 million the previous year, with operating income of $25.4 million and net income of $20.9 million, or $1.69 per share. The growth is attributed to increased Marine Component sales and improved operating income, despite higher production costs in security products.
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