CIX · CompX International Inc.

CompX International Inc. reported first quarter 2026 results with net sales of $40.6 million, a slight increase from $40.3 million in the same period last year. The growth was driven by higher Marine Components sales to the industrial market, which offset lower Security Products sales. Operating income improved significantly to $7.1 million from $5.9 million, 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. Gross margin expanded to $13.3 million from $12.2 million, while selling, general and administrative expenses remained relatively flat at $6.2 million. Net income rose to $5.9 million, or $0.48 per diluted share, compared to $5.1 million, or $0.42 per diluted share, in the prior year. The company did not provide forward-looking guidance in the press release. CompX continues to operate with no debt and generated interest income of $0.7 million. The company employs approximately 560 people across three U.S. locations.