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. manufactures security products and recreational marine components through its Security Products and Marine Components segments. Company news centers on quarterly results, segment sales trends, gross margin changes, and demand across markets such as healthcare, government security, industrial, towboat, and recreational marine applications.
Updates also cover regular and special dividends on CompX Class A common stock. The company’s product references include mechanical and electrical cabinet locks and other locking mechanisms, as well as stainless steel exhaust systems, gauges, throttle controls, and trim tabs for marine and related industrial uses.
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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.
CompX International Inc. (CIX) has declared a regular quarterly dividend of $0.25 per share on its class A common stock. This dividend will be payable on March 21, 2023, to stockholders who are on record as of March 13, 2023. CompX is recognized as a leading manufacturer of security products and recreational marine components, reflecting the company's ongoing commitment to delivering value to its shareholders.
CompX International has declared a quarterly dividend of $0.25 per share on its class A common stock. The dividend is scheduled for payment on December 13, 2022 to stockholders on record by the close of business on December 1, 2022. As a manufacturer of security products and recreational marine components, CompX continues to demonstrate financial stability and commitment to returning value to its shareholders.
CompX International reported Q3 2022 sales of $42.9 million, up from $34.5 million in Q3 2021. Net income increased to $4.9 million ($0.40 per share), compared to $4.1 million ($0.33/share) last year. For the nine months ending September 30, 2022, sales reached $126.6 million, up from $106.7 million, with net income increasing to $16.1 million ($1.30/share). Growth was driven by higher sales in Marine Components and Security Products. However, rising production costs affected profitability, notably in the Security Products segment.
CompX International announced a special cash dividend of $1.75 per share on its class A common stock, payable on August 30, 2022. Stockholders of record by the close of business on August 22, 2022 will receive this dividend. This follows a previously declared regular quarterly cash dividend of $0.25, payable on September 13, 2022. The company maintains a strong balance sheet and cash flow, allowing for shareholder returns while ensuring continued investment in business growth.
CompX International Inc. (NYSE American: CIX) has declared a quarterly dividend of $0.25 per share on its class A common stock. This dividend is scheduled to be paid on September 13, 2022, to stockholders of record as of the close of business on September 1, 2022.
CompX specializes in manufacturing security products and recreational marine components.