We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
CompX International Inc | AMEX:CIX | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.86 | 5.74% | 34.27 | 34.9165 | 32.41 | 32.43 | 33,806 | 01:00:00 |
Net sales increased for the quarter primarily due to higher Security Products sales to existing government security customers, partially offset by lower sales to transportation and distribution customers. Marine Components also contributed higher sales for the quarter, mainly to the towboat and center console boat markets, partially offset by lower sales to distribution customers. Operating income increased slightly for the quarter due to the favorable effects of customer and product mix on higher sales, partially offset by increased medical costs for both Security Products and Marine Components.
Although the COVID-19 pandemic had limited impact on our operations during the first quarter of 2020, we believe U.S. and worldwide gross domestic product will be significantly impacted for an indeterminate period, including the demand for our products and those of our customers. Consequently, we expect to report lower sales and earnings than would otherwise have been expected for the remainder of 2020. The extent of the impact will depend on numerous factors, including future developments, and therefore is uncertain and cannot be predicted.
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:
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. CompX disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.
CompX is a leading manufacturer of security products and recreational marine components. It operates from three locations in the U.S. and employs approximately 550 people.
* * * * *
COMPX INTERNATIONAL INC.SUMMARY OF CONSOLIDATED OPERATIONS(In millions, except per share amounts)(Unaudited)
Three months ended | ||||||||||
March 31, | ||||||||||
2019 | 2020 | |||||||||
Net sales | $ | 31.2 | $ | 32.3 | ||||||
Cost of goods sold | 21.6 | 21.9 | ||||||||
Gross profit | 9.6 | 10.4 | ||||||||
Selling, general and administrative expense | 5.3 | 5.4 | ||||||||
Operating income | 4.3 | 5.0 | ||||||||
Interest income | 0.8 | 0.6 | ||||||||
Income before taxes | 5.1 | 5.6 | ||||||||
Provision for income taxes | 1.1 | 1.3 | ||||||||
Net income | $ | 4.0 | $ | 4.3 | ||||||
Basic and diluted net income per common share | $ | 0.32 | $ | 0.34 | ||||||
Weighted average diluted common | ||||||||||
shares outstanding | 12.4 | 12.4 |
SOURCE: CompX International Inc. CONTACT: Janet G. Keckeisen, Investor Relations, 972.233.1700
1 Year CompX Chart |
1 Month CompX Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions