Compx International Inc 10-Q for FY2026 Q2

Compx International Inc (CIX)

10-Q 2026-08-04 For: 2026-06-30

Added on August 04, 2026

About this 10-Q

Compx International Inc filed this 10-Q on August 4, 2026, covering the quarter ended June 30, 2026 (FY2026 Q2).

Headline figures

Quarter ended June 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $43.61M; up 8.0% from $40.37M a year earlier
Net income: $7.26M; up 33.2% from net income of $5.45M a year earlier
Diluted EPS: $0.59; up 34.1% from $0.44 a year earlier


Item No.		Exhibit Index

31.1		Certification
31.2		Certification
32.1		Certification
101.INS		Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH		Inline XBRL Taxonomy Extension Schema
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

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DELAWARE		57-0981653
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock	CIX	NYSE American


Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☐
Emerging growth company	☐


		Page
Part I.	FINANCIAL INFORMATION

Item 1.	Financial Statements

	Condensed Consolidated Balance Sheets (unaudited) – December 31, 2025 and June 30, 2026	- 3 -

	Condensed Consolidated Statements of Income (unaudited) – Three and six months ended June 30, 2025 and 2026	- 4 -

	Condensed Consolidated Statements of Stockholders’ Equity (unaudited) – Three and six months ended June 30, 2025 and 2026	- 5 -

	Condensed Consolidated Statements of Cash Flows (unaudited) – Six months ended June 30, 2025 and 2026	- 6 -

	Notes to Condensed Consolidated Financial Statements (unaudited)	- 7 -

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	- 11 -

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	- 17 -

Item 4.	Controls and Procedures	- 17 -

Part II.	OTHER INFORMATION

Item 1.	Legal Proceedings	- 18 -

Item 1A.	Risk Factors	- 18 -

Item 6.	Exhibits	- 18 -


	December 31,		June 30,
ASSETS	2025		2026
Current assets:
Cash and cash equivalents	$	54,096	$	52,421
Accounts receivable, net		13,766		19,564
Inventories, net		30,410		31,756
Prepaid expenses and other		1,826		2,060
Total current assets		100,098		105,801

Other assets:
Note receivable from affiliate		8,000		6,800
Goodwill		23,742		23,742
Operating lease right-of-use asset		—		993
Other noncurrent assets		645		707
Total other assets		32,387		32,242

Property and equipment:
Land		5,390		5,390
Buildings		23,634		23,634
Equipment		78,021		78,948
Construction in progress		477		818
		107,522		108,790
Less accumulated depreciation		83,813		85,309
Net property and equipment		23,709		23,481
Total assets	$	156,194	$	161,524

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	15,320	$	14,131
Income taxes payable to affiliate		1,726		1,691
Total current liabilities		17,046		15,822

Noncurrent liabilities:
Deferred income taxes		405		61
Operating lease liability		—		908
Other		113		68
Total noncurrent liabilities		518		1,037

Stockholders' equity:
Preferred stock		—		—
Class A common stock		123		123
Additional paid-in capital		53,513		53,832
Retained earnings		84,994		90,710
Total stockholders' equity		138,630		144,665
Total liabilities and stockholders’ equity	$	156,194	$	161,524


		Three months ended						Six months ended
		June 30,						June 30,
		2025			2026			2025			2026
Net sales		$	40,366		$	43,614		$	80,638		$	84,183
Cost of sales			27,476			28,078			55,585			55,395
Gross margin			12,890			15,536			25,053			28,788
Selling, general and administrative expense			6,570			6,615			12,864			12,817
Operating income			6,320			8,921			12,189			15,971
Interest income			846			662			1,719			1,339
Income before income taxes			7,166			9,583			13,908			17,310
Income tax expense			1,713			2,321			3,324			4,196
Net income		$	5,453		$	7,262		$	10,584		$	13,114

Basic and diluted net income per common share		$	.44		$	.59		$	.86		$	1.06

Basic and diluted weighted average shares outstanding			12,321			12,329			12,320			12,326


		Three months ended June 30, 2025 and 2026
		Class A			Additional						Total
		common			paid-in			Retained			stockholders'
		stock			capital			earnings			equity
Balance at March 31, 2025		$	123		$	53,396		$	94,062		$	147,581
Net income			—			—			5,453			5,453
Issuance of common stock			—			117			—			117
Cash dividends ($.30 per share)			—			—			(3,698)			(3,698)
Balance at June 30, 2025		$	123		$	53,513		$	95,817		$	149,453

Balance at March 31, 2026		$	123		$	53,513		$	87,149		$	140,785
Net income			—			—			7,262			7,262
Issuance of common stock			—			319			—			319
Cash dividends ($.30 per share)			—			—			(3,701)			(3,701)
Balance at June 30, 2026		$	123		$	53,832		$	90,710		$	144,665


		Six months ended June 30, 2025 and 2026

		Class A			Additional						Total
		common			paid-in			Retained			stockholders'
		stock			capital			earnings			equity
Balance at December 31, 2024		$	123		$	53,396		$	92,626		$	146,145
Net income			—			—			10,584			10,584
Issuance of common stock			—			117			—			117
Cash dividends ($.60 per share)			—			—			(7,393)			(7,393)
Balance at June 30, 2025		$	123		$	53,513		$	95,817		$	149,453

Balance at December 31, 2025		$	123		$	53,513		$	84,994		$	138,630
Net income			—			—			13,114			13,114
Issuance of common stock			—			319			—			319
Cash dividends ($.60 per share)			—			—			(7,398)			(7,398)
Balance at June 30, 2026		$	123		$	53,832		$	90,710		$	144,665

	COMPX INTERNATIONAL INC.
	(Registrant)

Date: August 4, 2026	By:	/s/ Amy A. Samford
		Amy A. Samford
		(Executive Vice President and Chief Financial Officer)


	By:	/s/ Amy E. Ruf
		Amy E. Ruf
		(Senior Vice President and Controller)

By:	/s/ Scott C. James
	Scott C. James
	President and Chief Executive Officer


By:	/s/ Amy A. Samford
	Amy A. Samford
	Executive Vice President and Chief Financial Officer


		Six months ended
		June 30,
		2025			2026
Cash flows from operating activities:
Net income		$	10,584		$	13,114
Depreciation and amortization			1,868			1,725
Deferred income taxes			(191)			(411)
Other, net			258			464
Change in assets and liabilities:
Accounts receivable, net			(2,809)			(5,807)
Inventories, net			(4,664)			(1,452)
Accounts payable and accrued liabilities			(1,137)			(1,273)
Accounts with affiliates			153			(35)
Prepaids and other, net			529			(280)
Net cash provided by operating activities			4,591			6,045

Cash flows from investing activities:
Capital expenditures			(2,165)			(1,522)
Note receivable from affiliate:
Collections			6,400			8,800
Advances			(6,000)			(7,600)
Net cash used in investing activities			(1,765)			(322)

Cash flows from financing activities -
Dividends paid			(7,393)			(7,398)

Cash and cash equivalents - net change from:
Operating, investing and financing activities			(4,567)			(1,675)
Balance at beginning of period			60,782			54,096
Balance at end of period		$	56,215		$	52,421

Supplemental disclosures -
Cash paid for income taxes		$	3,364		$	4,658
Noncash investing and financing activities -
Change in accruals for capital expenditures			(424)			(23)
Right-of-use asset obtained in exchange for a lease liability			—			1,014


		Three months ended						Six months ended
		June 30,						June 30,
		2025			2026			2025			2026

		(In thousands)
Net sales:
Security Products		$	30,683		$	33,348		$	60,913		$	63,244
Marine Components			9,683			10,266			19,725			20,939
Total		$	40,366		$	43,614		$	80,638		$	84,183

Cost of sales:
Security Products		$	21,129		$	21,559		$	42,361		$	41,431
Marine Components			6,347			6,519			13,224			13,964
Total		$	27,476		$	28,078		$	55,585		$	55,395

Gross margin:
Security Products		$	9,554		$	11,789		$	18,552		$	21,813
Marine Components			3,336			3,747			6,501			6,975
Total		$	12,890		$	15,536		$	25,053		$	28,788

Segment selling, general and administrative expense:
Security Products		$	3,786		$	3,800		$	7,263		$	7,249
Marine Components			942			978			1,866			1,895
Total		$	4,728		$	4,778		$	9,129		$	9,144

Operating income:
Security Products		$	5,768		$	7,989		$	11,289		$	14,564
Marine Components			2,394			2,769			4,635			5,080
Segment operating income			8,162			10,758			15,924			19,644
Corporate operating expenses			(1,842)			(1,837)			(3,735)			(3,673)
Total operating income			6,320			8,921			12,189			15,971
Interest income			846			662			1,719			1,339
Income before income taxes		$	7,166		$	9,583		$	13,908		$	17,310

Depreciation and amortization:
Security Products		$	622		$	571		$	1,266		$	1,147
Marine Components			301			286			602			578
Total		$	923		$	857		$	1,868		$	1,725


		December 31,			June 30,
		2025			2026

		(In thousands)
Accounts receivable, net:
Security Products		$	11,474		$	14,471
Marine Components			2,362			5,163
Allowance for doubtful accounts			(70)			(70)
Total accounts receivable, net		$	13,766		$	19,564


		December 31,			June 30,
		2025			2026

		(In thousands)
Raw materials:
Security Products		$	3,979		$	3,802
Marine Components			1,641			2,081
Total raw materials			5,620			5,883
Work-in-process:
Security Products			14,313			14,621
Marine Components			5,594			6,568
Total work-in-process			19,907			21,189
Finished goods:
Security Products			3,002			2,942
Marine Components			1,881			1,742
Total finished goods			4,883			4,684
Total inventories, net		$	30,410		$	31,756