COMPX REPORTS FIRST QUARTER 2023 RESULTS
Dallas, Texas, May 02, 2023 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today sales of $41.2 million for the first quarter of 2023 compared to $42.1 million in the same period of 2022.
- Dallas, Texas, May 02, 2023 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today sales of $41.2 million for the first quarter of 2023 compared to $42.1 million in the same period of 2022.
- Operating income was $7.0 million in the first quarter of 2023 compared to $6.3 million in the same period of 2022.
- Net income was $6.1 million, or $.49 per basic and diluted common share, for the first quarter of 2023 compared to $5.0 million, or $.40 per basic and diluted common share, in the same period of 2022.
- Operating income increased during the first quarter of 2023 due to higher Marine Components sales and gross margins which more than offset lower Security Products sales.