CompX International Inc. (CIX) reported first-quarter 2026 net sales of $40.6 million, a slight increase from $40.3 million year-over-year. Net income rose to $5.9 million, or 48 cents per diluted share, compared to $5.1 million, or 42 cents per diluted share, in the previous year. Despite a 2.3% increase in share prices since the earnings report, the stock still lags behind the S&P 500’s 2.8% rise during the same period.
The Security Products segment generated sales of $29.9 million, down 1% from the previous year, while Marine Components sales increased by 6% to $10.7 million. Overall gross margin improved to 32.7% of sales from 30.2%, while operating margin reached 17.4%, up from 14.6% year-over-year. CompX ended the quarter with cash and cash equivalents of $49.4 million, and management expects modest net sales growth for 2026, particularly in Marine Components.
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