Quarterly ResultMay 5, 2026, 04:17 PM
CompX Q1 Net Income $5.9M (+15.7%); EPS $0.48
AI Summary
CompX International Inc. reported a strong first quarter for 2026, with net income rising 15.7% to $5.9 million, or $0.48 per basic and diluted common share, compared to $5.1 million, or $0.42 per share, in Q1 2025. Net sales saw a slight increase to $40.6 million from $40.3 million, driven by higher Marine Components sales. Operating income significantly improved by 20.3% to $7.1 million, primarily due to a more favorable customer and product mix at Security Products and increased sales in Marine Components.
Key Highlights
- Net income for Q1 2026 was $5.9 million, up 15.7% from $5.1 million in Q1 2025.
- Basic and diluted EPS for Q1 2026 was $0.48, up 14.3% from $0.42 in Q1 2025.
- Net sales for Q1 2026 increased to $40.6 million from $40.3 million in Q1 2025.
- Operating income for Q1 2026 rose to $7.1 million, a 20.3% increase from $5.9 million in Q1 2025.
- Gross margin improved to $13.3 million in Q1 2026 from $12.2 million in Q1 2025.
- Higher Marine Components sales contributed to the overall net sales increase.
- Security Products' gross margin improved due to a favorable customer and product mix.