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Stock impact report

Compx Reports First Quarter 2019 Results

CompX International Inc. (CIX) 
Company Research Source: GlobeNewswire
Dallas, May 07, 2019 (GLOBE NEWSWIRE) -- DALLAS, TEXAS … May 7, 2019 … CompX International Inc. (NYSE American: CIX) announced today sales of $31.2 million for the first quarter of 2019 compared to $28.4 million in the same period of 2018.  Operating income was $4.3 million in the first quarter of 2019 compared to $4.4 million in the same period of 2018.  Net income was $4.0 million, or $0.32 per basic and diluted common share, for the first quarter of 2019 compared to $3.7 million, or $0.30 per basic and diluted common share, in the same period of 2018. Net sales increased for the quarter primarily due to higher Marine Component sales, mainly surf pipes and wake enhancement systems to an original equipment boat manufacturer. Security Products also contributed higher sales for the quarter, primarily to existing government security customers. Operating income decreased slightly for the quarter as the favorable effect of higher sales volumes at Marine Components was offset by i Show less Read more
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