Compx International Inc.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 4 November 2026: press release. The quarter’s numbers.

Key takeaways

Third-quarter net sales rose: Net sales were $44.0 million in the third quarter of 2026, against $40.0 million in the same period of 2025. Source
Operating income rose to $6.4 million: Operating income was $6.4 million in the quarter, against $4.8 million in the third quarter of 2025. Source
Diluted EPS rose to $.44: Net income was $5.4 million, or $.44 per basic and diluted share, against $4.2 million, or $.34, a year earlier. Source
Nine-month net sales reached $128.2 million: Net sales for the first nine months of 2026 were $128.2 million, against $120.6 million for the same period of 2025. Source
Security Products added to Q3 growth: Third-quarter Security Products sales rose, to a lesser extent than Marine, in the healthcare and tool storage markets. Source
Gross margin rose to $13.0 million: Gross margin was $13.0 million in the quarter against $11.0 million, and $41.8 million for nine months against $36.1 million. Source

“Operating income increased in the third quarter and for the first nine months of 2026 compared to the same periods in 2025 due to higher sales and gross margin at Security Products and Marine Components.”
Compx International Inc., press release

What changed from last quarter

New: The company description now lists custom metal fabricated parts alongside security products and recreational marine components. The prior release listed only security products and recreational marine components. Source

Third-quarter results

Third-quarter net sales rose: Net sales were $44.0 million in the third quarter of 2026, against $40.0 million in the same period of 2025. Source
Operating income rose to $6.4 million: Operating income was $6.4 million in the quarter, against $4.8 million in the third quarter of 2025. Source
Diluted EPS rose to $.44: Net income was $5.4 million, or $.44 per basic and diluted share, against $4.2 million, or $.34, a year earlier. Source

Nine-month results

Nine-month net sales reached $128.2 million: Net sales for the first nine months of 2026 were $128.2 million, against $120.6 million for the same period of 2025. Source
Nine-month operating income rose to $22.4 million: Operating income for the first nine months was $22.4 million, against $17.0 million for the same period of 2025. Source
Nine-month EPS reached $1.50: Net income for the nine months was $18.5 million, or $1.50 per share, against $14.8 million, or $1.20, a year earlier. Source

“Third quarter 2026 net sales increased over the comparable 2025 period primarily due to higher Marine Components sales to the towboat and industrial markets”
Compx International Inc., press release

Segment and market drivers

Security Products added to Q3 growth: Third-quarter Security Products sales rose, to a lesser extent than Marine, in the healthcare and tool storage markets. Source
Nine-month Marine growth from industrial: Nine-month Marine Components sales rose, with the industrial market named as the driver. Source
Nine-month Security sales broadened: Nine-month Security Products sales rose across several markets, including healthcare, tool storage, transportation and distribution. Source

Cost of sales and gross margin

Cost of sales rose to $31.0 million: Cost of sales was $31.0 million in the quarter against $29.0 million, and $86.4 million for nine months against $84.5 million. Source
Gross margin rose to $13.0 million: Gross margin was $13.0 million in the quarter against $11.0 million, and $41.8 million for nine months against $36.1 million. Source
SG&A expense rose to $6.6 million: SG&A expense was $6.6 million in the quarter against $6.2 million, and $19.4 million for nine months against $19.1 million. Source

Pre-tax income and taxes

Interest income declined: Interest income was $.7 million in the quarter against $.8 million, and $2.0 million for nine months against $2.5 million. Source
Pre-tax income rose to $7.1 million: Income before income taxes was $7.1 million in the quarter against $5.6 million, and $24.4 million for nine months against $19.5 million. Source
Income tax expense rose to $1.7 million: Income tax expense was $1.7 million in the quarter against $1.4 million, and $5.9 million for nine months against $4.7 million. Source

Share count, headcount and footprint

Diluted share count unchanged: Weighted average diluted shares were 12.3 million in every period shown, the same in both years. Source
Headcount rose to about 600: The company employs approximately 600 people, up from approximately 590 in the prior release. Source
Three U.S. operating locations: Operations remain in three U.S. locations, the same count as the prior release. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

COMPX REPORTS THIRD QUARTER 2026 RESULTS

DALLAS, TEXAS … November 4, 2026 … CompX International Inc. (NYSE American: CIX) announced today net sales of $44.0 million for the third quarter of 2026 compared to $40.0 million in the same period of 2025. Operating income was $6.4 million in the third quarter of 2026 compared to $4.8 million in the same period of 2025. Net income was $5.4 million, or $.44 per basic and diluted common share, for the third quarter of 2026 compared to $4.2 million, or $.34 per basic and diluted common share, in the same period of 2025.

For the nine months ended September 30, 2026, net sales were $128.2 million compared to $120.6 million in the previous year. Operating income was $22.4 million for the first nine months of 2026 compared to $17.0 million for the same period in 2025. Net income for the nine months ended September 30, 2026, was $18.5 million, or $1.50 per basic and diluted common share, compared to $14.8 million, or $1.20 per basic and diluted common share, for the same period in 2025.

Third quarter 2026 net sales increased over the comparable 2025 period primarily due to higher Marine Components sales to the towboat and industrial markets, and to a lesser extent, higher Security Products sales to the healthcare and tool storage markets. Net sales for the first nine months of 2026 increased over the comparable 2025 period due to higher Marine Components sales to the industrial market and higher Security Products sales to various markets including the healthcare, tool storage, transportation and distribution markets. Operating income increased in the third quarter and for the first nine months of 2026 compared to the same periods in 2025 due to higher sales and gross margin at Security Products and Marine Components.

CompX is a leading manufacturer of security products, recreational marine components and custom metal fabricated parts. It operates from three locations in the U.S. and employs approximately 600 people.

Forward-Looking Statements

The statements in this press release relating to matters that are not historical facts are forward-looking statements that represent management’s belief and assumptions based on currently available information. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will be correct. Such statements, by their nature, involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those predicted. While it is not possible to identify all factors, we continue to face many risks and uncertainties.

The factors that could cause our actual future results to differ materially include, but are not limited to, the following:

Future supply and demand for our products;
Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs), including as a result of additional or changed tariffs on imported raw materials, and our ability to pass those costs on to our customers or offset them with reductions in other operating costs;
Price and product competition from low-cost manufacturing sources (such as China);
The impact of pricing and production decisions;
Customer and competitor strategies including substitute products;
Our ability to retain key customers;
Uncertainties associated with new product development and the development of new product features;
Pending or possible future litigation (such as litigation related to our use of certain permitted chemicals in our production process) or other actions;
Our ability to protect or defend our intellectual property rights;
Decisions to sell operating assets other than in the ordinary course of business;
Environmental matters (such as those requiring emission and discharge standards for existing and new facilities);
The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reform;
Government laws and regulations and possible changes therein including new environmental, health and safety, sustainability or other regulations;
General global economic and political conditions that disrupt our supply chain, reduce demand or perceived demand for component products or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises);
Operating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, certain regional and world events or economic conditions and public health crises);
The introduction of new, or changes in existing, tariffs, trade barriers or trade disputes (including tariffs imposed by the U.S. government on imports from China and Mexico);
Technology related disruptions (including, but not limited to, cyber attacks; software implementation, upgrades or improvements; technology processing failures; or other events) related to our technology infrastructure that could impact our ability to continue operations, or at key vendors which could impact our supply chain, or at key customers which could impact their operations and cause them to curtail or pause orders; and
Possible disruption of our business or increases in the cost of doing business resulting from terrorist activities or global conflicts.

Should one or more of these risks materialize (or the consequences of such development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected. We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.

SUMMARY OF CONSOLIDATED OPERATIONS

(Unaudited)

(In millions, except per share amounts)

	Three months ended				Nine months ended
	September 30,				September 30,
	2025		2026		2025	2026
Net sales		$40.0		$44.0	$120.6	$128.2
Cost of sales		29.0		31.0	84.5	86.4
Gross margin		11.0		13.0	36.1	41.8
Selling, general and administrative expense		6.2		6.6	19.1	19.4
Operating income		4.8		6.4	17.0	22.4
Interest income		.8		.7	2.5	2.0
Income before income taxes		5.6		7.1	19.5	24.4
Income tax expense		1.4		1.7	4.7	5.9
Net income		$4.2		$5.4	$14.8	$18.5
Basic and diluted net income per common share	$	.34	$	.44	$1.20	$1.50
Weighted average diluted common shares outstanding		12.3		12.3	12.3	12.3

Contacts
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700
COMPX INTERNATIONAL INC.