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CompX International Q4 revenue dips due to lower Security Products sales

Overview

Security products and marine components maker's Q4 net sales fell yr/yr due to lower healthcare sales

Q4 operating income rose yr/yr, driven by higher Marine Components sales and improved margins

Outlook

CompX International did not provide specific guidance for future periods in press release

Result Drivers

SECURITY PRODUCTS DECLINE - Q4 net sales decreased due to lower Security Products sales to the healthcare market

MARINE COMPONENTS GROWTH - Higher Marine Components sales to the industrial market boosted Q4 operating income

FULL-YEAR SALES INCREASE - Full-year sales growth driven by higher Security Products sales to government market and Marine Components sales to multiple markets

Company press release: ID:nGNE1k07y8

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Sales$37.70 mln
Q4 Net Income$4.70 mln
Q4 Operating income$5.60 mln
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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