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) 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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