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.
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.
CI Financial Corp (CIX, CIXX) announced its virtual Annual Meeting of Shareholders on June 16, 2021, at 2:00 p.m. EDT, continuing to prioritize safety amid the COVID-19 pandemic. The meeting will allow shareholders, analysts, and the public to participate via live audio webcast. Shareholders can submit questions and vote on key matters. Access instructions will be available on the Investor Relations section of their website. As of February 28, 2021, CI managed approximately C$236.5 billion (US$185.7 billion) in client assets, offering global asset and wealth management services.