Compx | 8-K: FY2026 Q1 Revenue: USD 40.6 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 40.6 M.
EPS: As of FY2026 Q1, the actual value is USD 0.48.
EBIT: As of FY2026 Q1, the actual value is USD 6.4 M.
Financial Performance for the First Quarter Ended March 31, 2026
Net Sales
CompX International Inc. reported net sales of $40.6 million for the first quarter of 2026, an increase from $40.3 million in the same period of 2025. This increase was primarily driven by higher Marine Components sales to the industrial market, partially offset by lower Security Products sales.
Operating Income
Operating income for the first quarter of 2026 was $7.1 million, up from $5.9 million in the first quarter of 2025. This improvement was mainly due to a higher gross margin at Security Products, resulting from a more favorable customer and product mix, and to a lesser extent, the impact of higher sales at Marine Components.
Net Income
Net income for the first quarter of 2026 was $5.9 million, compared to $5.1 million in the first quarter of 2025.
Gross Margin
Gross margin increased to $13.3 million in the first quarter of 2026 from $12.2 million in the first quarter of 2025.
Cost of Sales
Cost of sales decreased to $27.3 million in the first quarter of 2026 from $28.1 million in the first quarter of 2025.
Selling, General and Administrative Expense
Selling, general and administrative expense was $6.2 million in the first quarter of 2026, a slight decrease from $6.3 million in the first quarter of 2025.
Interest Income
Interest income was $0.7 million in the first quarter of 2026, compared to $0.8 million in the first quarter of 2025.
Income Before Income Taxes
Income before income taxes was $7.8 million in the first quarter of 2026, up from $6.7 million in the first quarter of 2025.
Income Tax Expense
Income tax expense was $1.9 million in the first quarter of 2026, compared to $1.6 million in the first quarter of 2025.
Basic and Diluted Net Income Per Common Share
Basic and diluted net income per common share was $0.48 for the first quarter of 2026, an increase from $0.42 in the same period of 2025.
Weighted Average Diluted Common Shares Outstanding
Weighted average diluted common shares outstanding remained consistent at 12.3 million for both the first quarter of 2026 and 2025.
Operational Metrics
CompX International Inc. operates from three locations in the U.S. and employs approximately 560 people.
Outlook / Guidance
The report includes a section on Forward-Looking Statements that outlines various risks and uncertainties that could impact future results. However, it does not provide specific financial guidance or a forward-looking summary of expected performance. The company disclaims any intention or obligation to update or revise any forward-looking statement.
