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 Inc. (CIX) reported a rise in sales for Q2 2022, reaching $41.6 million, up from $36.3 million in Q2 2021. Operating income also increased to $7.7 million from $5.8 million, while net income rose to $6.2 million or $0.50 per share, compared to $4.6 million or $0.37 in the prior year. For the first half of 2022, sales were $83.7 million, compared to $72.2 million in 2021. Increased sales from Marine Components and Security Products were noted, though higher production costs impacted margins.
CompX International (CIX) declared a regular quarterly dividend of $0.25 per share on May 25, 2022, payable on June 14, 2022, to stockholders of record by June 6, 2022. At the same annual stockholder meeting, directors were elected for a one-year term, and stockholders approved the executive compensation package. The board expanded from seven to nine members, electing Kevin B. Kramer and Michael S. Simmons to fill the new positions, with Kramer appointed to the audit committee. CompX specializes in security products and marine components.
CompX International reported a strong financial performance for Q1 2022, achieving $42.1 million in sales, up from $35.9 million in Q1 2021. Operating income rose to $6.3 million, compared to $5.8 million in the prior year. Net income increased to $5.0 million or $0.40 per share, up from $4.7 million or $0.38 per share. Growth was driven by higher sales in Security Products and Marine Components, despite increased production costs.
CompX International has announced a $0.05 increase in its quarterly dividend, raising it to $0.25 per share. This dividend is payable on March 22, 2022, to stockholders recorded by the close of business on March 14, 2022. CompX, a renowned manufacturer of security products and recreational marine components, demonstrates its ongoing commitment to returning value to shareholders.
CompX International reported $34.1 million in fourth-quarter sales for 2021, up from $30.0 million in 2020. Operating income rose to $3.8 million, with net income at $3.2 million or $0.25 per diluted share, compared to $2.3 million or $0.17 in Q4 2020. For the full year 2021, net sales increased to $140.8 million, with net income reaching $16.6 million or $1.34 per diluted share. Sales growth was driven by higher demand in the security products sector, particularly from government markets.
In Q3 2021, CompX International (CIX) reported sales of $34.5 million, up from $28.4 million in Q3 2020. Operating income rose to $5.1 million from $2.1 million year-over-year, while net income reached $4.1 million ($0.33 per diluted share) compared to $1.8 million ($0.15 per diluted share) in Q3 2020. For the first nine months of 2021, sales were $106.7 million, an increase from $84.5 million. The growth was attributed to higher demand in Security Products and Marine Components, rebounding from pandemic-related disruptions.
CompX International (CIX) has declared a quarterly dividend of $0.20 per share on its class A common stock. This dividend is payable on December 14, 2021, to stockholders of record by December 2, 2021. As a leading manufacturer of security products and recreational marine components, CompX continues to showcase its commitment to returning value to its shareholders.
CompX International Inc. (CIX) has declared a quarterly dividend of $0.20 per share on its class A common stock. This dividend is scheduled to be paid on September 14, 2021, to stockholders of record as of September 2, 2021. CompX is recognized as a key manufacturer of security products and recreational marine components.
CompX International Inc. (CIX) reported significant growth in its Q2 2021 results, with sales reaching $36.3 million, up from $23.8 million in Q2 2020. Operating income increased to $5.8 million from $2.4 million, while net income also rose to $4.6 million or $0.37 per diluted share, compared to $2.1 million or $0.17 per share a year prior. Year-to-date sales for 2021 stood at $72.2 million, compared to $56.1 million in the first half of 2020.
CompX International (CIX) has declared a regular quarterly dividend of $0.20 per share, scheduled for payment on June 15, 2021, to shareholders on record by June 7, 2021. During its annual stockholder meeting on May 26, 2021, shareholders elected a board of directors for a one-year term and approved a nonbinding advisory resolution regarding executive compensation. CompX continues to establish its position as a significant manufacturer in security products and recreational marine components.
FAQ
What is the current stock price of Comp X International (CIX)?
What is the market cap of Comp X International (CIX)?
What does Comp X International Inc. specialize in?
Which segments generate revenue for Comp X International?
What industries do Comp X International's products serve?
Where is Comp X International located?
Who is the investor relations contact for Comp X International?
What recent achievements has Comp X International made?
Which geographical regions does Comp X International serve?
What are some examples of Comp X International's marine components?
What makes Comp X International's products stand out?
How can I stay updated on Comp X International's latest news?
