CompX Q3 revenue jumps due to higher sales in security products

CompX International

05/11/2025 22:38

Corrects gross margin figure in Key Details to $11 mln from 11%

Overview

CompX Q3 net sales rose to $40 mln from $33.6 mln in 2024

Net income for Q3 increased to $4.2 mln from $3.5 mln in 2024

Operating income rose to $4.8 mln in Q3 from $3.3 mln in 2024

Outlook

Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

SECURITY PRODUCTS SALES - Increased sales to the government security market drove net sales growth

MARINE COMPONENTS SALES - Higher sales to towboat, government, and industrial markets boosted revenue

GROSS MARGIN IMPROVEMENT - Higher gross margins in Security Products and Marine Components segments increased operating income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
$40 mln
Q3 Net Income
$4.20 mln
Q3 Gross Margin
$11 mln
Q3 Operating income
$4.80 mln


Press Release: ID:nGNE1TVLGd

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(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.)