--- title: "Compx | 10-Q: FY2026 Q1 Revenue: USD 40.57 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285302821.md" datetime: "2026-05-06T03:13:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285302821.md) - [en](https://longbridge.com/en/news/285302821.md) - [zh-HK](https://longbridge.com/zh-HK/news/285302821.md) --- # Compx | 10-Q: FY2026 Q1 Revenue: USD 40.57 M Revenue: As of FY2026 Q1, the actual value is USD 40.57 M. EPS: As of FY2026 Q1, the actual value is USD 0.48. EBIT: As of FY2026 Q1, the actual value is USD 6.373 M. #### Overall Company Performance (Three months ended March 31) - **Net Sales**: Increased from $40,272 thousand in 2025 to $40,569 thousand in 2026. - **Cost of Sales**: Decreased from $28,109 thousand in 2025 to $27,317 thousand in 2026. - **Gross Margin**: Increased from $12,163 thousand in 2025 to $13,252 thousand in 2026, with the gross margin as a percentage of net sales rising from 30.2% to 32.7% primarily due to a higher gross margin percentage at Security Products. - **Operating Costs and Expenses**: Decreased slightly from $6,294 thousand in 2025 to $6,202 thousand in 2026, decreasing as a percentage of net sales due to increased coverage from higher sales. - **Operating Income**: Increased from $5,869 thousand in 2025 to $7,050 thousand in 2026, primarily driven by higher gross margin at Security Products and higher sales at Marine Components. - **Net Income**: Increased from $5,131 thousand in 2025 to $5,852 thousand in 2026. - **Interest Income**: Decreased by $0.2 million from $873 thousand in 2025 to $677 thousand in 2026, due to lower average interest rates and decreased average investment balances. #### Segmented Financial Metrics (Three months ended March 31) ##### Security Products - **Net Sales**: Decreased 1% from $30,230 thousand in 2025 to $29,896 thousand in 2026, mainly due to lower sales to the healthcare market and general cabinetry, electric control panel, and gas station security markets, partially offset by higher sales to the tool storage and institutional furniture markets. - **Cost of Sales**: Decreased 6% from $21,232 thousand in 2025 to $19,872 thousand in 2026. - **Gross Margin**: Increased 11% from $8,998 thousand in 2025 to $10,024 thousand in 2026, with the gross margin percentage rising from 29.8% to 33.5% due to a more favorable customer and product mix. - **Operating Costs and Expenses**: Decreased 1% from $3,477 thousand in 2025 to $3,449 thousand in 2026. - **Operating Income**: Increased 19% from $5,521 thousand in 2025 to $6,575 thousand in 2026, with the operating income margin increasing from 18.3% to 22.0% due to the improvement in gross margin. ##### Marine Components - **Net Sales**: Increased 6% from $10,042 thousand in 2025 to $10,673 thousand in 2026, primarily due to $1.9 million higher sales to the industrial market, partially offset by $1.4 million lower sales to the towboat market. - **Cost of Sales**: Increased 8% from $6,877 thousand in 2025 to $7,445 thousand in 2026. - **Gross Margin**: Increased 2% from $3,165 thousand in 2025 to $3,228 thousand in 2026. - **Gross Margin Percentage**: Decreased from 31.5% in 2025 to 30.2% in 2026, mainly due to higher cost inventory produced in Q4 2025 and sold in Q1 2026, partially offset by increased coverage of fixed costs on higher sales. - **Operating Costs and Expenses**: Decreased 1% from $924 thousand in 2025 to $917 thousand in 2026. - **Operating Income**: Increased 3% from $2,241 thousand in 2025 to $2,311 thousand in 2026, with the operating income margin decreasing from 22.3% to 21.7% due to factors impacting gross margin, partially offset by increased coverage of operating costs and expenses on higher sales. #### Cash Flow (Three months ended March 31) - **Net Cash Used in Operating Activities**: Increased by $1.0 million, from - $137 thousand in 2025 to - $1,157 thousand in 2026, primarily due to a $1.9 million increase in net cash used by relative changes in working capital. - **Capital Expenditures**: Decreased from - $822 thousand in 2025 to - $404 thousand in 2026. CompX International Inc. expects capital expenditures for the full year 2026 to be approximately $4.3 million, mainly for manufacturing facility improvements and equipment investments, with firm purchase commitments of $0.4 million at March 31, 2026. - **Note Receivable from Affiliate (Valhi Inc.)**: Net repayment of $600 thousand in 2026 (collections of $3,700 thousand and advances of - $3,100 thousand), compared to net activity of nil in 2025. The outstanding principal balance was $7.4 million at March 31, 2026. - **Dividends Paid**: - $3,695 thousand in 2025 and - $3,697 thousand in 2026. #### Operational Metrics - **Days Sales Outstanding**: Consolidated CompX increased from 41 days in 2025 to 43 days in 2026. Security Products decreased from 43 days to 42 days, while Marine Components increased from 34 days to 43 days. - **Days in Inventory**: Consolidated CompX increased from 94 days in 2025 to 100 days in 2026. Security Products increased from 88 days to 98 days, and Marine Components decreased from 114 days to 106 days, primarily due to higher sales volumes in Q1 2026 compared to Q4 2025. #### Future Outlook and Strategy CompX International Inc. expects modest net sales growth for the full year 2026, driven by improved demand in the industrial market for Marine Components and consistent sales for Security Products, which are projected to be comparable to the prior year . Gross margin and operating income margins across both segments are anticipated to remain generally comparable to 2025, with Security Products’ margins moderating after a favorable Q1 2026 mix . The company believes its cash generated from operations, existing cash, and access to external financing will be sufficient to meet liquidity needs for working capital, capital expenditures, debt service, dividends, and potential loans to affiliates for both the next 12 months and five years . ### Related Stocks - [CIX.US](https://longbridge.com/en/quote/CIX.US.md) ## Related News & Research - [CompX International Leads Our 3 Dividend Stocks To Consider](https://longbridge.com/en/news/294056538.md) - [Baxter Q2 2026 Earnings Preview](https://longbridge.com/en/news/294224876.md) - [What to Expect From Ulta Beauty’s Q2 2026 Earnings Report](https://longbridge.com/en/news/293941254.md) - [Ciena's Q3 2026 Earnings: What to Expect](https://longbridge.com/en/news/293952665.md) - [Equatorial Energia updates financial calendar for 2026 disclosures](https://longbridge.com/en/news/294368263.md)