CompX Marine Components Lead Third-Quarter Sales

The Tip Desk · November 4, 2026 · 2 min read

Net sales were $44.0 million in the third quarter of 2026, and the board declared a $0.30-a-share quarterly dividend.

CompX International Inc. (CIX), a manufacturer of security products, recreational marine components and custom metal fabricated parts, reported net sales of $44.0 million for the third quarter of 2026, compared with $40.0 million in the same period of 2025.

The company said the increase came primarily from 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. Operating income was $6.4 million, up from $4.8 million a year earlier, which the company attributed to higher sales and gross margin at Security Products and Marine Components. Net income was $5.4 million, or $.44 a share, versus $4.2 million, or $.34 a share, in the year-ago quarter.

Gross margin was $13.0 million in the third quarter of 2026, up from $11.0 million in the same period of 2025. Cost of sales was $31.0 million. Selling, general and administrative expense was $6.6 million. Interest income was $0.7 million. Income tax expense was $1.7 million. Weighted average diluted shares outstanding were 12.3 million.

Sequentially, net sales were $44.0 million after $43.6 million in the second quarter of 2026. Operating income was $6.4 million after $8.9 million in the second quarter. Net income was $5.4 million, or $.44 a share, after $7.2 million, or $.59 a share, in the second quarter.

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

The company said nine-month sales rose due to higher Marine Components sales to the industrial market and higher Security Products sales to various markets including healthcare, tool storage, transportation and distribution. Operating income increased in the nine months on higher sales and gross margin at Security Products and Marine Components.

CompX operates from three locations in the United States and employs approximately 600 people.

The board declared CompX’s regular quarterly dividend of $0.30 a share on class A common stock, payable December 8, 2026, to stockholders of record at the close of business on November 19, 2026.