CompX(US:CIX) Globenewswireยท2025-05-06 20:15Core Viewpoint - CompX International Inc. reported a positive financial performance for the first quarter of 2025, with increases in net sales, operating income, and net income compared to the same period in 2024 [1][2]. Financial Performance - Net sales for Q1 2025 were $40.3 million, up from $38.0 million in Q1 2024, representing a growth of approximately 6.05% [1][9]. - Operating income increased to $5.9 million in Q1 2025 from $3.7 million in Q1 2024, marking a rise of about 59.46% [1][9]. - Net income for Q1 2025 was $5.1 million, or $0.42 per share, compared to $3.7 million, or $0.31 per share, in Q1 2024, indicating an increase of approximately 37.84% in net income [1][9]. Sales Drivers - The increase in net sales was primarily driven by higher sales of Marine Components, particularly to the towboat and government markets, along with increased sales of Security Products to the government security market [2]. - The improvement in operating income was attributed to the higher sales of Marine Components and an increase in gross margin [2]. Company Overview - CompX is recognized as a leading manufacturer of security products and recreational marine components, operating from three locations in the U.S. and employing around 550 people [3].