DALLAS, TEXAS … February 28, 2024 … CompX International Inc. (NYSE American: CIX) announced today sales of $43.2 million for the fourth quarter of 2023 compared to $40.0 million in the same period of 2022. Operating income was $7.4 million in the fourth quarter of 2023 compared to $5.4 million in the same period of 2022. Net income was $6.7 million, or $.54 per basic and diluted common share, for the fourth quarter of 2023 compared to $4.8 million, or $.39 per basic and diluted common share, in the same per ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ____ Commission file number 1-13905 (Exact name of Registrant as specified in its charter) Title of each classTrading Symbol(s) Name of each exchange on which registered Class A common stock CIX NYSE American No securities registered pursuant ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Items 2, 3, 4 and 5 of Part II are omitted because there is no information to report. CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In thousands, except per share data) See accompanying Notes to Condensed Consolidated Financial Statements. Table of Contents | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------------------------------|------------|------------- ...

Table of Contents | --- | --- | --- | --- | --- | --- | --- | |------------------------|-------|----------------|-------|-----------------------------------------|-------|------------------| | | | Market value | (In | Amortized cost basis \nthousands) | loss, | Unrealized net | | December 31, 2022: | | | | | | | | Current assets | $ | 33,147 | $ | 33,164 | $ | (17) | | | | | | | | | | June 30, 2023: | | | | | | | | Current assets | $ | 46,794 | $ | 46,944 | $ | (150) | - 8 - Note 6 – Accounts payable and ac ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of Registrant as specified in its charter) DELAWARE 57-0981653 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 5430 LBJ Freeway, Suite 1700 Dallas, Texas 75240-2620 (Address of principal executive offices) Registrant's telephone number, including area code (972) 448-1400 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) ...

On August 16, 2022, the Inflation Reduction Act was signed into law. Among other things, this legislation provides for a 15% corporate alternative minimum tax on certain large corporations, imposes a 1% excise tax on qualifying Under the "Tax Cuts and Jobs Act," domestic corporations who are U.S. exporters with no foreign operations may be eligible for a deduction under the foreign derived intangible income (FDII) provisions. We qualify for this deduction and recognized a current cash tax benefit of $.1 mil ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 1-13905 COMPX INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) DELAWARE 57-0981653 (S ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 1-13905 COMPX INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) DELAWARE 57-0981653 (State ...

Financial Performance - Operating income increased to $6.3 million in Q1 2022, up from $5.8 million in Q1 2021, primarily due to higher sales in both Security Products and Marine Components segments [44]. - Net sales rose by $6.1 million in Q1 2022 to $42.1 million, driven by a 14% increase in Security Products sales and a 24% increase in Marine Components sales [45][52][53]. - Gross margin percentage decreased to 28.7% in Q1 2022 from 30.7% in Q1 2021, attributed to increased production costs across both segments [46]. - Operating costs increased to $5.8 million in Q1 2022, up from $5.2 million in Q1 2021, due to higher salary, benefit costs, and increased expenses in advertising and travel [47]. - The company expects strong demand to continue in 2022, projecting increased net sales and operating income compared to 2021 [57]. Sales Performance - Security Products net sales increased by $1.4 million in the government security market and $0.9 million to distributors in Q1 2022 compared to Q1 2021 [52]. - Marine Components net sales increased by $2.0 million to original equipment boat manufacturers in the towboat market in Q1 2022 [53]. Cash Flow and Liquidity - The company reported a net cash used by operating activities decrease of $0.2 million in Q1 2022 compared to Q1 2021, primarily due to increased operating income [60]. - As of March 31, 2022, the company had $70.2 million in cash and cash equivalents, all held in the U.S. [71]. - The company plans to use cash generated from operations and cash on hand to meet liquidity needs for the next 12 months and five years [70]. - The company evaluated liquidity requirements and may seek to raise additional capital or restructure indebtedness in the future [68]. Capital Expenditures and Investments - Capital expenditures for the first three months of 2022 were $1.7 million, compared to $0.6 million in the same period of 2021 [64]. - Firm purchase commitments for capital projects in process at March 31, 2022, totaled $0.6 million [71]. - The company has 602,547 shares available for repurchase under an authorized stock repurchase program as of March 31, 2022 [72]. - The company acquired 50,000 shares of its Class A common stock for $0.8 million during the first quarter of 2021 [66]. Inventory and Efficiency - Average days sales outstanding for Security Products improved to 42 days in Q1 2022 from 46 days in Q1 2021, indicating better collection efficiency [63]. - Days in inventory for consolidated CompX decreased from 96 days in December 2021 to 85 days in March 2022 [64]. Dividends and Shareholder Returns - The board of directors increased the regular quarterly dividend from $0.20 per share to $0.25 per share starting in the first quarter of 2022 [65]. Market Risks - The company is exposed to market risk from changes in interest rates and raw material prices, with no material changes reported since the 2021 Annual Report [75]. Supply Chain Issues - Current global supply chain disruptions are impacting sourcing of raw materials, leading to increased production costs, which the company is addressing through price increases and surcharges [57][58].

Business Segments - The company operates in two segments: Security Products and Marine Components, with a significant North American market share in cabinet lock security products [12]. Sales and Customers - In 2021, the United States Postal Service accounted for 16% of total sales, with the top ten customers representing approximately 51% of sales [27]. Cost Structure - Raw materials accounted for approximately 16% of total cost of sales in 2021, with total material costs representing about 44% of cost of sales [19]. - The company experienced price volatility in raw materials, particularly stainless steel, which impacted margins during 2021 [20]. Workforce and Safety - The company employs 570 people as of December 31, 2021, and maintains good labor relations [36]. - The Lost Time Incident Rate was three in 2019, nil in 2020, and one in 2021, indicating a strong safety performance [38]. Intellectual Property - The company holds patents with remaining terms ranging from 1 to 18 years as of December 31, 2021, which are important for its business [23]. Financial Performance - Interest income from a note receivable from an affiliate was $1.2 million in 2021, with an outstanding principal amount of $18.7 million [139]. Market Strategy - The company focuses on high-end market segments, competing on product design, quality, and service [28]. Environmental Sustainability - The company engages in various environmental sustainability programs and has received awards for its performance in this area [33]. Raw Material Supply Management - The company occasionally enters into short-term commodity-related raw material supply arrangements to mitigate future cost increases [140]. - There are no long-term supply agreements for raw material requirements due to low risk of unavailability and high downside risk of price volatility [140]. - The company does not engage in commodity raw material hedging programs [140].