CompX(US:CIX) Globenewswireยท2025-11-05 21:15Core Insights - CompX International Inc. reported net sales of $40.0 million for Q3 2025, an increase from $33.6 million in Q3 2024, indicating a growth of approximately 19% year-over-year [1] - Operating income for Q3 2025 was $4.8 million, up from $3.3 million in Q3 2024, reflecting a significant increase of about 45% [1] - Net income for Q3 2025 reached $4.2 million, or $0.34 per share, compared to $3.5 million, or $0.28 per share, in the same quarter of 2024, marking a growth of around 20% [1] Financial Performance - For the nine months ending September 30, 2025, net sales were $120.6 million, compared to $107.5 million in the same period of 2024, representing a year-over-year increase of approximately 12% [2] - Operating income for the first nine months of 2025 was $17.0 million, up from $12.1 million in 2024, indicating a growth of about 40% [2] - Net income for the nine months ended September 30, 2025, was $14.8 million, or $1.20 per share, compared to $12.1 million, or $0.98 per share, in the same period of 2024, reflecting an increase of approximately 22% [2] Sales Drivers - The increase in net sales for both Q3 and year-to-date 2025 was attributed to higher sales in Security Products, particularly to the government security market, and increased Marine Components sales across various markets, including towboat, government, and industrial sectors [3] - Operating income growth in Q3 and for the first nine months of 2025 was driven by higher sales and improved gross margins in both 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 558 people [4]