Welcome to our dedicated page for Comp X International news (Ticker: CIX), a resource for investors and traders seeking the latest updates and insights on Comp X International stock.
Comp X International Inc. (symbol: CIX) is a leading manufacturer specializing in security products and marine components. The company has established a strong presence across various sectors, including recreational transportation, postal, office & institutional furniture, cabinetry, tool storage, and healthcare. Their extensive range of security products includes mechanical and electrical cabinet locks and other locking mechanisms, catering to the diverse needs of these industries.
Additionally, Comp X International is known for its high-quality marine components, such as stainless steel exhaust systems, gauges, throttle controls, and trim tabs, primarily serving the recreational marine industry. The firm operates through two main segments: Security Products and Marine Components, with the Security Products segment generating the majority of the company's revenue.
Comp X International's geographical footprint covers the United States, Canada, Mexico, and other regions, with the United States being the largest market. The company continues to innovate and expand its product offerings, maintaining a competitive edge in the global market.
Recent achievements include the introduction of advanced locking mechanisms and the expansion of their marine product line, reflecting their commitment to quality and innovation. Comp X International is dedicated to providing superior products that meet the evolving needs of their customers.
For the most updated information, latest developments, and financial performance, please refer to the latest news section. Investor Relations Contact: Bryan A. Hanley, Senior Vice President and Treasurer, Tel. 972-233-1700.
CompX International reported a strong financial performance for Q4 and the full year of 2022. Q4 sales reached $40.0 million, up from $34.1 million in 2021. Operating income rose to $5.4 million, while net income grew to $4.8 million, or $0.39 per share. For the year, net sales were $166.6 million, compared to $140.8 million the previous year, with operating income of $25.4 million and net income of $20.9 million, or $1.69 per share. The growth is attributed to increased Marine Component sales and improved operating income, despite higher production costs in security products.
CompX International Inc. (CIX) has declared a regular quarterly dividend of $0.25 per share on its class A common stock. This dividend will be payable on March 21, 2023, to stockholders who are on record as of March 13, 2023. CompX is recognized as a leading manufacturer of security products and recreational marine components, reflecting the company's ongoing commitment to delivering value to its shareholders.
CompX International has declared a quarterly dividend of $0.25 per share on its class A common stock. The dividend is scheduled for payment on December 13, 2022 to stockholders on record by the close of business on December 1, 2022. As a manufacturer of security products and recreational marine components, CompX continues to demonstrate financial stability and commitment to returning value to its shareholders.
CompX International reported Q3 2022 sales of $42.9 million, up from $34.5 million in Q3 2021. Net income increased to $4.9 million ($0.40 per share), compared to $4.1 million ($0.33/share) last year. For the nine months ending September 30, 2022, sales reached $126.6 million, up from $106.7 million, with net income increasing to $16.1 million ($1.30/share). Growth was driven by higher sales in Marine Components and Security Products. However, rising production costs affected profitability, notably in the Security Products segment.
CompX International announced a special cash dividend of $1.75 per share on its class A common stock, payable on August 30, 2022. Stockholders of record by the close of business on August 22, 2022 will receive this dividend. This follows a previously declared regular quarterly cash dividend of $0.25, payable on September 13, 2022. The company maintains a strong balance sheet and cash flow, allowing for shareholder returns while ensuring continued investment in business growth.
CompX International Inc. (NYSE American: CIX) has declared a quarterly dividend of $0.25 per share on its class A common stock. This dividend is scheduled to be paid on September 13, 2022, to stockholders of record as of the close of business on September 1, 2022.
CompX specializes in manufacturing security products and recreational marine components.
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