CompX Q3 revenue jumps due to higher sales in security products
CompX reported a significant increase in Q3 revenue, with net sales rising to $40 million from $33.6 million in 2024. Net income also grew to $4.2 million, up from $3.5 million, while operating income increased to $4.8 million from $3.3 million. The growth was driven by higher sales in security products, particularly to the government market, and improved gross margins in both security and marine components. The company did not provide specific guidance for future quarters.
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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/Mis Actual Consensu
s s
Estimate
Q3 Sales $40 mln
Q3 Net $4.20
Income mln
Q3 Gross 11.00%
Margin
Q3 $4.80
Operatin mln
g income
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)
