CompX International Q2 revenue rises on higher product sales
CompX International Q2 revenue rises on higher product sales
Overview
U.S. security products and marine components maker's Q2 revenue rose yr/yr
Q2 net income and operating income increased from a year earlier
Higher Security Products and Marine Components sales drove revenue and profit growth
Outlook
Company did not provide specific guidance or outlook for future quarters or the full year
Result Drivers
SECURITY PRODUCTS SALES - Co said higher sales across healthcare, transportation, tool storage and distributor markets drove results in Security Products segment
MARINE COMPONENTS SALES - Co said higher Marine Components sales to the industrial market contributed to revenue growth
GROSS MARGIN IMPROVEMENT - Co said operating income rose mainly due to higher sales and gross margin at Security Products segment
Company press release: ID:nGNEYvDVN
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| $43.60 mln |
|
Q2 Net Income |
| $7.20 mln |
|
Q2 Operating income |
| $8.90 mln |
|
Reuters Recommended Reads
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Aug 4 - Timken Q2 sales beat on higher volumes and pricing
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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