Form 8-K
8-K — COMPX INTERNATIONAL INC
Accession: 0001049606-26-000012
Filed: 2026-05-05
Period: 2026-05-05
CIK: 0001049606
SIC: 3420 (CUTLERY, HANDTOOLS & GENERAL HARDWARE)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — cix-20260505x8k.htm (Primary)
EX-99.1 (cix-20260505xex99d1.htm)
GRAPHIC (cix-20260505xex99d1001.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: cix-20260505x8k.htm · Sequence: 1
CompX International Inc._May 5, 2026
CompX International Inc.0001049606false00010496062026-05-052026-05-05
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
May 5, 2026
COMPX INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Delaware
1-13905
57-0981653
(State or other jurisdiction of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
5430 LBJ Freeway, Suite 1700, Dallas, Texas
75240-2620
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code
(972) 448-1400
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Class A common stock
($.01 par value per share)
CIX
NYSE American
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02
Results of Operations and Financial Condition.
The registrant hereby furnishes the information set forth in its press release entitled “CompX Reports First Quarter 2026 Results” that the registrant issued on May 5, 2026, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The press release the registrant furnishes as Exhibit 99.1 to this current report is not deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.
Item 9.01
Financial Statements and Exhibits.
1
(d)
Exhibits
Item No.
Description
99.1
Press release dated May 5, 2026 entitled “CompX Reports First Quarter 2026 Results” and issued by the registrant.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMPX INTERNATIONAL INC.
(Registrant)
Date: May 5, 2026
By:
/s/ Amy A. Samford
Amy A. Samford
Executive Vice President and
Chief Financial Officer
EX-99.1
EX-99.1
Filename: cix-20260505xex99d1.htm · Sequence: 2
COMPX REPORTS FIRST QUARTER 2026 RESULTS
DALLAS, TEXAS … May 5, 2026 … CompX International Inc. (NYSE American: CIX) announced today net sales of $40.6 million for the first quarter of 2026 compared to $40.3 million in the same period of 2025. Operating income was $7.1 million in the first quarter of 2026 compared to $5.9 million in the same period of 2025. Net income was $5.9 million, or $.48 per basic and diluted common share, for the first quarter of 2026 compared to $5.1 million, or $.42 per basic and diluted common share, in the same period of 2025.
First quarter 2026 net sales increased over the comparable 2025 period due to higher Marine Components sales to the industrial market partially offset by lower Security Products sales. Operating income increased in the first quarter of 2026 compared to the same period in 2025 primarily due to 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.
CompX is a leading manufacturer of security products and recreational marine components. It operates from three locations in the U.S. and employs approximately 560 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;
-1-
● 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.
-2-
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.
Investor Relations Contact
Bryan A. Hanley
Senior Vice President and Treasurer
Tel. 972-233-1700
* * * * *
-3-
COMPX INTERNATIONAL INC.
SUMMARY OF CONSOLIDATED OPERATIONS
(In millions, except per share amounts)
Three months ended
March 31,
2025
2026
(unaudited)
Net sales
$
40.3
$
40.6
Cost of sales
28.1
27.3
Gross margin
12.2
13.3
Selling, general and administrative expense
6.3
6.2
Operating income
5.9
7.1
Interest income
.8
.7
Income before income taxes
6.7
7.8
Income tax expense
1.6
1.9
Net income
$
5.1
$
5.9
Basic and diluted net income per common share
$
.42
$
.48
Weighted average diluted common shares outstanding
12.3
12.3
-4-
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