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Compx Inter - CIX STOCK NEWS

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) is a diversified manufacturer specializing in high-quality security products and marine components, serving a wide array of industries. Headquartered in the United States, the company operates two primary business segments: Security Products and Marine Components. These segments cater to industries including recreational transportation, postal services, office and institutional furniture, cabinetry, tool storage, healthcare, and the recreational marine sector.

Security Products Segment

The Security Products segment is the cornerstone of Compx’s operations, generating the majority of the company’s revenue. This segment focuses on the design and production of mechanical and electrical cabinet locks, locking mechanisms, and other security solutions. These products are integral to ensuring safety and functionality in various applications, from office furniture and healthcare equipment to tool storage and postal services. By offering both mechanical and electronic solutions, Compx demonstrates its ability to adapt to evolving technological demands and customer preferences. The company’s expertise in precision manufacturing and quality assurance ensures its products meet stringent industry standards, making it a trusted partner for businesses across multiple sectors.

Marine Components Segment

The Marine Components segment complements Compx’s portfolio by catering to the recreational marine industry. This division manufactures stainless steel exhaust systems, throttle controls, gauges, and trim tabs, which are critical components for high-performance marine vessels. Known for their durability and reliability, these products are designed to withstand the harsh marine environment, reflecting Compx’s commitment to quality and innovation. This segment serves a niche market, providing specialized solutions that meet the unique needs of marine manufacturers and enthusiasts.

Geographical Reach and Market Strategy

Compx International Inc. operates primarily in the United States, which accounts for the vast majority of its revenue. The company also serves customers in Canada, Mexico, and other regions, reflecting a North American-centric market strategy. Its focus on regional markets allows it to maintain close relationships with customers and respond effectively to market demands. By leveraging its manufacturing expertise and operational efficiency, Compx has established a strong foothold in its core markets.

Industry Context and Competitive Positioning

Operating in the highly competitive manufacturing sector, Compx differentiates itself through its commitment to quality, innovation, and customer trust. The company’s ability to produce specialized products tailored to specific industry needs sets it apart from larger, more generalized manufacturers. Additionally, its dual focus on security and marine components allows it to mitigate risks associated with market fluctuations in any single industry. Challenges such as cost management, technological advancements, and competition are addressed through continuous investment in product development and operational efficiency.

Value Proposition

Compx’s primary value proposition lies in its ability to deliver reliable, high-performance products that meet the diverse needs of its customers. Whether it’s securing valuable assets with advanced locking mechanisms or enhancing marine vessel performance with durable components, the company’s products are designed to provide long-term value. This focus on quality and customer satisfaction has solidified Compx’s reputation as a trusted manufacturer in its chosen markets.

In summary, Compx International Inc. is a well-established player in the manufacturing sector, offering a diverse range of products that serve critical functions across multiple industries. Its expertise in security solutions and marine components, combined with its strong market presence in North America, positions it as a reliable and innovative partner for businesses and consumers alike.

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CompX International (NYSE American: CIX) has announced its board of directors declared a regular quarterly dividend of $0.30 per share on its class A common stock. The dividend will be payable on March 25, 2025 to stockholders of record at the close of business on March 17, 2025.

CompX, which operates as a leading manufacturer of security products and recreational marine components, maintains its consistent dividend distribution policy.

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CompX International (NYSE American: CIX) reported its Q4 2024 financial results, showing a decline in performance compared to the previous year. Q4 net sales decreased to $38.4 million from $43.2 million in Q4 2023, while operating income fell to $4.9 million from $7.4 million.

Net income for Q4 2024 was $4.5 million ($0.37 per share), down from $6.7 million ($0.54 per share) in Q4 2023. For the full year 2024, net sales were $145.9 million compared to $161.3 million in 2023, with net income of $16.6 million ($1.35 per share) versus $22.6 million ($1.84 per share).

The decline was primarily attributed to lower Security Products sales to a government security customer related to a discontinued pilot project, partially offset by higher Marine Components sales to towboat and government markets.

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CompX International (NYSE American: CIX) has announced that its board of directors declared a regular quarterly dividend of $0.30 per share on its class A common stock. The dividend will be paid on December 10, 2024 to stockholders of record as of the close of business on November 29, 2024. CompX operates as a leading manufacturer of security products and recreational marine components.

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CompX International reported Q3 2024 financial results showing declining performance across key metrics. Sales decreased to $33.6 million from $40.3 million in Q3 2023. Operating income fell to $3.3 million from $6.6 million, while net income dropped to $3.5 million ($0.28 per share) from $5.8 million ($0.47 per share). The decline was primarily attributed to lower Security Products sales to a government security customer and reduced Marine Components sales in the towboat market. Year-to-date sales through September 30, 2024, were $107.5 million, down from $118.1 million in 2023.

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CompX International Inc. (NYSE American: CIX) has announced a special cash dividend of $2.00 per share and a regular quarterly dividend of $0.30 per share on its class A common stock. The special dividend is payable on August 28, 2024 to stockholders of record as of August 19, 2024. The regular quarterly dividend will be paid on September 17, 2024 to stockholders of record as of September 6, 2024.

CompX, a leading manufacturer of security products and recreational marine components, emphasizes its commitment to balancing business growth investments with stockholder distributions. The company's strategy focuses on generating consistent healthy cash flow and maintaining a strong balance sheet, allowing for this additional cash return to shareholders while preserving financial strength for future business investments.

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CompX International Inc. (NYSE American: CIX) reported its second quarter 2024 results. Sales decreased to $35.9 million from $36.6 million in Q2 2023. However, operating income increased to $5.1 million from $4.4 million, and net income rose to $4.9 million ($.39 per share) from $4.0 million ($.33 per share) year-over-year. For the first half of 2024, sales declined to $73.9 million from $77.8 million, while net income decreased to $8.6 million ($.70 per share) from $10.1 million ($.82 per share) in the same period of 2023. The company experienced lower Marine Components sales, particularly in the towboat market, offset by higher Security Products sales in the government security sector.

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CompX International (NYSE American: CIX) announced a regular quarterly dividend of $0.30 per share for its class A common stock, payable on June 18, 2024, to stockholders of record on June 10, 2024.

During the annual stockholder meeting on May 22, 2024, CompX stockholders elected eight directors for a one-year term and approved, on a nonbinding advisory basis, the compensation of its named executive officers. CompX is a prominent manufacturer of security products and recreational marine components.

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CompX International Inc. (NYSE American: CIX) reported first quarter 2024 sales of $38.0 million, down from $41.2 million in 2023. Operating income decreased from $7.0 million in 2023 to $3.7 million in 2024. Net income also dropped to $3.7 million, or $.31 per share, from $6.1 million, or $.49 per share, in the same period last year. Sales declined due to lower Marine Components sales offset by higher Security Products sales. CompX is a key player in security products and recreational marine components, with operations in the U.S. and 540 employees.

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CompX International Inc. (CIX) raises its regular quarterly dividend by $0.05 per share to $0.30. The dividend is payable on March 19, 2024, to stockholders of record as of March 11, 2024. CompX is a prominent manufacturer of security products and recreational marine components.
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CompX International Inc. (CIX) reported a strong fourth quarter in 2023 with sales reaching $43.2 million, a significant increase from $40.0 million in 2022. Operating income and net income also saw positive growth. However, the full-year net sales decreased to $161.3 million from $166.6 million in 2022, primarily due to lower Marine Components sales. Despite this, operating income remained stable at $25.4 million for both years. CompX attributes the increase in Q4 sales to higher Security Products sales, driven by a government security project, while the decline in annual sales was offset by improved gross margins and higher Security Products sales.
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FAQ

What is the current stock price of Compx Inter (CIX)?

The current stock price of Compx Inter (CIX) is $20.15 as of April 4, 2025.

What is the market cap of Compx Inter (CIX)?

The market cap of Compx Inter (CIX) is approximately 242.2M.

What does Compx International Inc. manufacture?

Compx manufactures security products such as mechanical and electronic locks, and marine components like stainless steel exhaust systems and throttle controls.

What are Compx International's main business segments?

The company operates in two segments: Security Products, which generates the majority of revenue, and Marine Components, which serves the recreational marine industry.

Which industries does Compx serve?

Compx serves industries including recreational transportation, postal services, office furniture, cabinetry, healthcare, tool storage, and marine manufacturing.

Where does Compx generate most of its revenue?

The majority of Compx’s revenue comes from the United States, with additional contributions from Canada, Mexico, and other regions.

How does Compx differentiate itself in the market?

Compx differentiates itself through high-quality, specialized products, a focus on both mechanical and electronic solutions, and its expertise in precision manufacturing.

What is the significance of Compx's Security Products segment?

The Security Products segment is the largest revenue generator for Compx, producing advanced locking mechanisms that serve critical security needs across industries.

What products does Compx offer for the marine industry?

Compx provides stainless steel exhaust systems, throttle controls, gauges, and trim tabs, designed for high-performance and durability in marine environments.

What challenges does Compx face in its industry?

Compx faces challenges such as competition from larger manufacturers, the need for continuous innovation, and cost management in a mature market.

What is Compx’s geographical focus?

Compx primarily focuses on North America, with the United States being its largest market, followed by Canada, Mexico, and other regions.

Why is Compx considered a trusted manufacturer?

Compx is trusted for its commitment to quality, reliability, and its ability to produce specialized products that meet stringent industry standards.
Compx Inter

NYSE:CIX

CIX Rankings

CIX Stock Data

242.18M
1.52M
87.73%
7.81%
0.42%
Security & Protection Services
Cutlery, Handtools & General Hardware
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United States
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