- CompX International (CIX, Financial) reports a 6.1% year-over-year increase in net sales for Q1 2025, reaching $40.3 million.
- Operating income surged 59.5%, totaling $5.9 million compared to $3.7 million in the same period of 2024.
- Earnings per share rose by 35.5% to $0.42, with net income climbing to $5.1 million.
CompX International Inc. (CIX) has announced impressive financial results for the first quarter of 2025, highlighting robust growth across key metrics. The company recorded net sales of $40.3 million, marking a 6.1% increase from $38.0 million in Q1 2024. This uptick in revenue was primarily driven by heightened sales in the Marine Components segment, particularly in the towboat and government markets, as well as increased demand for Security Products within the government security sector.
The quarter also saw a substantial leap in operating income, which reached $5.9 million – a 59.5% rise from the previous year's $3.7 million. CompX's net income followed suit, escalating to $5.1 million or $0.42 per share, compared to $3.7 million or $0.31 per share in Q1 2024. This equates to a 35.5% growth in earnings per share, reflecting the company's strong profitability.
Moreover, CompX's gross margins improved significantly, climbing from $9.7 million to $12.2 million, which translates to a 4.8 percentage point increase in terms of sales percentage. Despite a 33% reduction in interest income from $1.2 million to $0.8 million, these operational gains underscore CompX's effective management and execution within its niche markets.
With approximately 550 employees spread across three U.S. sites, CompX International continues to leverage its expertise in manufacturing security products and recreational marine components, maintaining its competitive position in the industry.
