Overview
* CompX ( CIX ) Q3 net sales rose to $40 mln from $33.6 mln in 2024
* Net income for Q3 increased to $4.2 mln from $3.5 mln in 2024
* Operating income rose to $4.8 mln in Q3 from $3.3 mln in 2024
Outlook
* Company did not provide specific guidance for future quarters or full year in press release
Result Drivers
* SECURITY PRODUCTS SALES - Increased sales to the government security market drove net sales growth
* MARINE COMPONENTS SALES - Higher sales to towboat, government, and industrial markets boosted revenue
* GROSS MARGIN IMPROVEMENT - Higher gross margins in Security Products and Marine Components segments increased operating income
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Sales $40 mln
Q3 Net $4.20
Income mln
Q3 Gross 11.00%
Margin
Q3 $4.80
Operatin mln
g income
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)