Q1 2026 profit rises at CompX International (NYSE: CIX)
Rhea-AI Filing Summary
CompX International Inc. reported solid first quarter 2026 results, showing higher sales and profits than a year earlier. Net sales were $40.6 million versus $40.3 million in the first quarter of 2025, helped by stronger Marine Components sales to industrial customers that offset weaker Security Products demand.
Operating income rose to $7.1 million from $5.9 million as gross margin improved at Security Products due to a more favorable customer and product mix, with additional benefit from higher Marine Components sales. Net income increased to $5.9 million, or $0.48 per share, compared to $5.1 million, or $0.42 per share, highlighting better profitability on a similar revenue base.
Positive
- Profit growth with stable sales: Q1 2026 net income increased to $5.9 million (from $5.1 million) and EPS rose to $0.48 (from $0.42) on only a slight sales increase to $40.6 million, reflecting stronger margins and better operating leverage.
Negative
- None.
Insights
CompX delivered higher Q1 2026 profit on stable sales and better margins.
CompX International generated net sales of $40.6 million in Q1 2026, essentially flat versus $40.3 million a year earlier. The quality of revenue improved, with higher Marine Components sales to industrial markets and a more profitable mix within Security Products.
Operating income increased from $5.9 million to $7.1 million, driven mainly by stronger gross margin at Security Products and supported by higher Marine Components volume. Net income rose to $5.9 million, or $0.48 per share, from $5.1 million, or $0.42 per share, indicating better earnings leverage.
The company’s ability to expand profit on only modestly higher sales underscores the importance of product and customer mix. Future quarterly disclosures will show whether Security Products can sustain the improved margin profile and whether Marine Components demand in industrial markets remains supportive.
8-K Event Classification
Key Figures
Key Terms
operating income financial
gross margin financial
forward-looking statements regulatory
emerging growth company regulatory
Security Products financial
Earnings Snapshot
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
($.01 par value per share) | CIX | NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 | Results of Operations and Financial Condition. |
The registrant hereby furnishes the information set forth in its press release entitled “CompX Reports First Quarter 2026 Results” that the registrant issued on May 5, 2026, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The press release the registrant furnishes as Exhibit 99.1 to this current report is not deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits | ||
Item No. | Description | ||
99.1 | Press release dated May 5, 2026 entitled “CompX Reports First Quarter 2026 Results” and issued by the registrant. | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMPX INTERNATIONAL INC. | ||
(Registrant) | ||
Date: May 5, 2026 | By: | /s/ Amy A. Samford |
Amy A. Samford | ||
Executive Vice President and | ||
Chief Financial Officer |
|
|
COMPX REPORTS FIRST QUARTER 2026 RESULTS
DALLAS, TEXAS … May 5, 2026 … CompX International Inc. (NYSE American: CIX) announced today net sales of $40.6 million for the first quarter of 2026 compared to $40.3 million in the same period of 2025. Operating income was $7.1 million in the first quarter of 2026 compared to $5.9 million in the same period of 2025. Net income was $5.9 million, or $.48 per basic and diluted common share, for the first quarter of 2026 compared to $5.1 million, or $.42 per basic and diluted common share, in the same period of 2025.
First quarter 2026 net sales increased over the comparable 2025 period due to higher Marine Components sales to the industrial market partially offset by lower Security Products sales. Operating income increased in the first quarter of 2026 compared to the same period in 2025 primarily due to higher gross margin at Security Products resulting from a more favorable customer and product mix and, to a lesser extent, the impact of higher sales at Marine Components.
CompX is a leading manufacturer of security products and recreational marine components. It operates from three locations in the U.S. and employs approximately 560 people.
Forward-Looking Statements
The statements in this press release relating to matters that are not historical facts are forward-looking statements that represent management’s belief and assumptions based on currently available information. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will be correct. Such statements, by their nature, involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those predicted. While it is not possible to identify all factors, we continue to face many risks and uncertainties.
The factors that could cause our actual future results to differ materially include, but are not limited to, the following:
| ● | Future supply and demand for our products; |
| ● | Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs), including as a result of additional or changed tariffs on imported raw materials, and our ability to pass those costs on to our customers or offset them with reductions in other operating costs; |
| ● | Price and product competition from low-cost manufacturing sources (such as China); |
| ● | The impact of pricing and production decisions; |
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| ● | Customer and competitor strategies including substitute products; |
| ● | Our ability to retain key customers; |
| ● | Uncertainties associated with new product development and the development of new product features; |
| ● | Pending or possible future litigation (such as litigation related to our use of certain permitted chemicals in our production process) or other actions; |
| ● | Our ability to protect or defend our intellectual property rights; |
| ● | Decisions to sell operating assets other than in the ordinary course of business; |
| ● | Environmental matters (such as those requiring emission and discharge standards for existing and new facilities); |
| ● | The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reform; |
| ● | Government laws and regulations and possible changes therein including new environmental, health and safety, sustainability or other regulations; |
| ● | General global economic and political conditions that disrupt our supply chain, reduce demand or perceived demand for component products or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises); |
| ● | Operating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, certain regional and world events or economic conditions and public health crises); |
| ● | The introduction of new, or changes in existing, tariffs, trade barriers or trade disputes (including tariffs imposed by the U.S. government on imports from China and Mexico); |
| ● | Technology related disruptions (including, but not limited to, cyber attacks; software implementation, upgrades or improvements; technology processing failures; or other events) related to our technology infrastructure that could impact our ability to continue operations, or at key vendors which could impact our supply chain, or at key customers which could impact their operations and cause them to curtail or pause orders; and |
| ● | Possible disruption of our business or increases in the cost of doing business resulting from terrorist activities or global conflicts. |
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Should one or more of these risks materialize (or the consequences of such development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected. We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.
Investor Relations Contact
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700
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COMPX INTERNATIONAL INC.
SUMMARY OF CONSOLIDATED OPERATIONS
(In millions, except per share amounts)
| | Three months ended | ||||
| | March 31, | ||||
| | 2025 | | 2026 | ||
| | (unaudited) | ||||
Net sales | | $ | 40.3 | | $ | 40.6 |
Cost of sales | |
| 28.1 | |
| 27.3 |
Gross margin | |
| 12.2 | |
| 13.3 |
Selling, general and administrative expense | |
| 6.3 | |
| 6.2 |
Operating income | |
| 5.9 | |
| 7.1 |
Interest income | |
| .8 | |
| .7 |
Income before income taxes | |
| 6.7 | |
| 7.8 |
Income tax expense | |
| 1.6 | |
| 1.9 |
Net income | | $ | 5.1 | | $ | 5.9 |
| | | | | | |
Basic and diluted net income per common share | | $ | .42 | | $ | .48 |
Weighted average diluted common shares outstanding | |
| 12.3 | |
| 12.3 |
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