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 reported a strong financial performance for Q1 2022, achieving $42.1 million in sales, up from $35.9 million in Q1 2021. Operating income rose to $6.3 million, compared to $5.8 million in the prior year. Net income increased to $5.0 million or $0.40 per share, up from $4.7 million or $0.38 per share. Growth was driven by higher sales in Security Products and Marine Components, despite increased production costs.
CompX International has announced a $0.05 increase in its quarterly dividend, raising it to $0.25 per share. This dividend is payable on March 22, 2022, to stockholders recorded by the close of business on March 14, 2022. CompX, a renowned manufacturer of security products and recreational marine components, demonstrates its ongoing commitment to returning value to shareholders.
CompX International reported $34.1 million in fourth-quarter sales for 2021, up from $30.0 million in 2020. Operating income rose to $3.8 million, with net income at $3.2 million or $0.25 per diluted share, compared to $2.3 million or $0.17 in Q4 2020. For the full year 2021, net sales increased to $140.8 million, with net income reaching $16.6 million or $1.34 per diluted share. Sales growth was driven by higher demand in the security products sector, particularly from government markets.
In Q3 2021, CompX International (CIX) reported sales of $34.5 million, up from $28.4 million in Q3 2020. Operating income rose to $5.1 million from $2.1 million year-over-year, while net income reached $4.1 million ($0.33 per diluted share) compared to $1.8 million ($0.15 per diluted share) in Q3 2020. For the first nine months of 2021, sales were $106.7 million, an increase from $84.5 million. The growth was attributed to higher demand in Security Products and Marine Components, rebounding from pandemic-related disruptions.
CompX International (CIX) has declared a quarterly dividend of $0.20 per share on its class A common stock. This dividend is payable on December 14, 2021, to stockholders of record by December 2, 2021. As a leading manufacturer of security products and recreational marine components, CompX continues to showcase its commitment to returning value to its shareholders.
CompX International Inc. (CIX) has declared a quarterly dividend of $0.20 per share on its class A common stock. This dividend is scheduled to be paid on September 14, 2021, to stockholders of record as of September 2, 2021. CompX is recognized as a key manufacturer of security products and recreational marine components.
CompX International Inc. (CIX) reported significant growth in its Q2 2021 results, with sales reaching $36.3 million, up from $23.8 million in Q2 2020. Operating income increased to $5.8 million from $2.4 million, while net income also rose to $4.6 million or $0.37 per diluted share, compared to $2.1 million or $0.17 per share a year prior. Year-to-date sales for 2021 stood at $72.2 million, compared to $56.1 million in the first half of 2020.
CompX International (CIX) has declared a regular quarterly dividend of $0.20 per share, scheduled for payment on June 15, 2021, to shareholders on record by June 7, 2021. During its annual stockholder meeting on May 26, 2021, shareholders elected a board of directors for a one-year term and approved a nonbinding advisory resolution regarding executive compensation. CompX continues to establish its position as a significant manufacturer in security products and recreational marine components.
CompX International reported Q1 2021 sales of $35.9 million, up from $32.3 million in Q1 2020. Operating income rose to $5.8 million, compared to $5.0 million in the previous year. Net income also increased to $4.7 million, or $0.38 per share, from $4.3 million or $0.34 per share in Q1 2020. The growth was mainly driven by higher sales in Marine Components and Security Products. However, higher costs in Security Products partially offset these gains.
CI Global Asset Management (CI GAM) announced the approval of significant changes to its First Asset-branded mutual funds during unitholder meetings on March 25, 2021. This includes two fund mergers: First Asset Utility Plus Fund into Signature Global Infrastructure Fund, and First Asset Canadian Dividend Opportunity Fund into CI North American Dividend Fund. Additionally, fixed administration fees were adopted for certain funds, enhancing predictability of management expense ratios (MERs) and providing cost protection for unitholders. Both initiatives aim to streamline fund offerings and lower management costs.
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