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) is a manufacturer of security products and recreational marine components whose activities generate a steady flow of company-specific news. As a NYSE American-listed issuer, CompX regularly releases information on its financial performance, dividends and other matters that can be important to investors following CIX stock news.
News coverage for CompX frequently includes quarterly earnings announcements, where the company reports net sales, operating income and net income for its Security Products and Marine Components segments. These releases often discuss sales trends in key end markets such as the government security market for Security Products and towboat, government and industrial markets for Marine Components.
Another recurring category of CompX news involves dividend declarations. The board of directors has announced regular quarterly dividends on the company’s Class A common stock and has also declared a special cash dividend. Press releases describe the company’s approach to balancing investment in business growth with stockholder distributions, and outline its focus on generating healthy cash flow, maintaining a strong balance sheet and following a disciplined capital investment strategy.
CompX also issues news releases about expected earnings release dates and the results of its annual stockholder meeting, including director elections and advisory votes on executive compensation. These items provide insight into the company’s governance and disclosure practices.
Investors and followers of CIX can use this news page to review historical and recent press releases tied to official SEC Form 8-K filings, including results of operations and dividend-related disclosures. Bookmarking this page allows users to quickly access CompX’s earnings updates, dividend announcements and other corporate news as they are released.
CompX International (NYSE American: CIX) reported its Q4 2024 financial results, showing a decline in performance compared to the previous year. Q4 net sales decreased to $38.4 million from $43.2 million in Q4 2023, while operating income fell to $4.9 million from $7.4 million.
Net income for Q4 2024 was $4.5 million ($0.37 per share), down from $6.7 million ($0.54 per share) in Q4 2023. For the full year 2024, net sales were $145.9 million compared to $161.3 million in 2023, with net income of $16.6 million ($1.35 per share) versus $22.6 million ($1.84 per share).
The decline was primarily attributed to lower Security Products sales to a government security customer related to a discontinued pilot project, partially offset by higher Marine Components sales to towboat and government markets.
CompX International (NYSE American: CIX) has announced that its board of directors declared a regular quarterly dividend of $0.30 per share on its class A common stock. The dividend will be paid on December 10, 2024 to stockholders of record as of the close of business on November 29, 2024. CompX operates as a leading manufacturer of security products and recreational marine components.
CompX International reported Q3 2024 financial results showing declining performance across key metrics. Sales decreased to $33.6 million from $40.3 million in Q3 2023. Operating income fell to $3.3 million from $6.6 million, while net income dropped to $3.5 million ($0.28 per share) from $5.8 million ($0.47 per share). The decline was primarily attributed to lower Security Products sales to a government security customer and reduced Marine Components sales in the towboat market. Year-to-date sales through September 30, 2024, were $107.5 million, down from $118.1 million in 2023.
CompX International Inc. (NYSE American: CIX) has announced a special cash dividend of $2.00 per share and a regular quarterly dividend of $0.30 per share on its class A common stock. The special dividend is payable on August 28, 2024 to stockholders of record as of August 19, 2024. The regular quarterly dividend will be paid on September 17, 2024 to stockholders of record as of September 6, 2024.
CompX, a leading manufacturer of security products and recreational marine components, emphasizes its commitment to balancing business growth investments with stockholder distributions. The company's strategy focuses on generating consistent healthy cash flow and maintaining a strong balance sheet, allowing for this additional cash return to shareholders while preserving financial strength for future business investments.
CompX International Inc. (NYSE American: CIX) reported its second quarter 2024 results. Sales decreased to $35.9 million from $36.6 million in Q2 2023. However, operating income increased to $5.1 million from $4.4 million, and net income rose to $4.9 million ($.39 per share) from $4.0 million ($.33 per share) year-over-year. For the first half of 2024, sales declined to $73.9 million from $77.8 million, while net income decreased to $8.6 million ($.70 per share) from $10.1 million ($.82 per share) in the same period of 2023. The company experienced lower Marine Components sales, particularly in the towboat market, offset by higher Security Products sales in the government security sector.
CompX International (NYSE American: CIX) announced a regular quarterly dividend of $0.30 per share for its class A common stock, payable on June 18, 2024, to stockholders of record on June 10, 2024.
During the annual stockholder meeting on May 22, 2024, CompX stockholders elected eight directors for a one-year term and approved, on a nonbinding advisory basis, the compensation of its named executive officers. CompX is a prominent manufacturer of security products and recreational marine components.
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.
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