Dallas, Texas, May 07, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today sales of $38.0 million for the first quarter of 2024 compared to $41.2 million in the same period of 2023. Operating income was $3.7 million in the first quarter of 2024 compared to $7.0 million in the same period of 2023. Net income was $3.7 million, or $.31 per basic and diluted common share, for the first quarter of 2024 compared to $6.1 million, or $.49 per basic and diluted common share, in the same period of 2023.
Net sales decreased in the first quarter of 2024 compared to the same period in 2023 due to lower Marine Components sales primarily to the towboat market, partially offset by higher Security Products sales to the government security market. Operating income decreased during the first quarter of 2024 predominantly due to lower Marine Components sales and gross margin.
CompX is a leading manufacturer of security products and recreational marine components. It operates from three locations in the U.S. and employs approximately 540 people.
COMPX INTERNATIONAL INC.
SUMMARY OF CONSOLIDATED OPERATIONS
(In millions, except per share amounts)
| | | | | |
| Three months ended |
| March 31, |
| 2023 | | 2024 |
| (unaudited) |
Net sales | $ | 41.2 | | $ | 38.0 |
Cost of sales | | 28.5 | | | 28.3 |
Gross margin | | 12.7 | | | 9.7 |
Selling, general and administrative expense | | 5.7 | | | 6.0 |
Operating income | | 7.0 | | | 3.7 |
Interest income | | 1.0 | | | 1.2 |
Income before taxes | | 8.0 | | | 4.9 |
Provision for income taxes | | 1.9 | | | 1.2 |
Net income | $ | 6.1 | | $ | 3.7 |
| | | | | |
Basic and diluted net income per common share | $ | .49 | | $ | .31 |
Weighted average diluted common shares outstanding | | 12.3 | | | 12.3 |
得克薩斯州達拉斯，2024年5月7日（環球新聞專線）——CompX國際公司（紐約證券交易所美國股票代碼：CIX）今天宣佈，2024年第一季度的銷售額爲3,800萬美元，而2023年同期爲4,120萬美元。2024年第一季度的營業收入爲370萬美元，而2023年同期爲700萬美元。2024年第一季度的淨收益爲370萬美元，合每股基本和攤薄普通股0.31美元，而2023年同期爲610萬美元，合每股基本和攤薄普通股0.49美元。
與2023年同期相比，2024年第一季度的淨銷售額有所下降，這是由於主要針對拖船市場的船用零部件銷售減少，但政府安全市場安全產品銷售的增加部分抵消了這一下降。2024年第一季度的營業收入下降主要是由於船用零部件銷售額和毛利率下降。
CompX 是安全產品和休閒船用組件的領先製造商。它在美國的三個地點運營，擁有約540名員工。
COMPX 國際公司
合併業務摘要
（以百萬計，每股金額除外）
| | | | | |
| 三個月已結束 |
| 3月31日 |
| 2023 | | 2024 |
| （未經審計） |
淨銷售額 | $ | 41.2 | | $ | 38.0 |
銷售成本 | | 28.5 | | | 28.3 |
毛利率 | | 12.7 | | | 9.7 |
銷售、一般和管理費用 | | 5.7 | | | 6.0 |
營業收入 | | 7.0 | | | 3.7 |
利息收入 | | 1.0 | | | 1.2 |
稅前收入 | | 8.0 | | | 4.9 |
所得稅準備金 | | 1.9 | | | 1.2 |
淨收入 | $ | 6.1 | | $ | 3.7 |
| | | | | |
普通股每股基本淨收益和攤薄後淨收益 | $ | .49 | | $ | .31 |
加權平均攤薄後已發行普通股 | | 12.3 | | | 12.3 |
