CompX(US:CIX) Globenewswireยท2025-08-05 20:15Core Insights - CompX International Inc. reported net sales of $40.3 million for Q2 2025, an increase from $35.9 million in Q2 2024, indicating a growth of approximately 12.2% year-over-year [1] - The company's operating income rose to $6.3 million in Q2 2025 from $5.1 million in Q2 2024, reflecting a growth of about 23.5% [1] - Net income for Q2 2025 was $5.5 million, or $0.44 per share, compared to $4.9 million, or $0.39 per share, in the same period of 2024, marking an increase of approximately 12.2% in net income [1] Financial Performance - For the six months ended June 30, 2025, net sales reached $80.6 million, up from $73.9 million in the previous year, representing a growth of about 10.1% [2] - Operating income for the first half of 2025 was $12.2 million, compared to $8.8 million for the same period in 2024, indicating a significant increase of approximately 38.6% [2] - Net income for the six months ended June 30, 2025, was $10.6 million, or $0.86 per share, compared to $8.6 million, or $0.70 per share, in 2024, reflecting an increase of approximately 23.3% [2] Sales Drivers - The increase in net sales for both the second quarter and year-to-date 2025 was attributed to higher sales in Security Products, primarily to the government security market, and increased Marine Components sales to government and towboat markets [3] - Operating income growth in both the second quarter and the first six months of 2025 was driven by higher sales and improved gross margins in the Security Products and Marine Components segments [3] Company Overview - CompX International Inc. is a leading manufacturer of security products and recreational marine components, operating from three locations in the U.S. and employing approximately 570 people [4]