CompX International Inc. (CIX) has reported its financial results for the second quarter of 2024, showcasing an impressive year-over-year increase in earnings per share and significant strategic financial moves. The company's performance was bolstered by strong growth in its Security Products segment, partially offset by challenges in the Marine Components segment.Additionally, CompX announced a substantial increase in its regular quarterly dividend and a special dividend, reflecting its robust cash flow an ...

财务业绩 - 第二季度销售额为35.9百万美元，同比下降1.9%[1] - 第二季度营业利润为5.1百万美元，同比增长15.9%[1] - 第二季度净利润为4.9百万美元，每股基本和摊薄收益为0.39美元，同比增长22.7%[1] - 前六个月销售额为73.9百万美元，同比下降5.0%[2] - 前六个月营业利润为8.8百万美元，同比下降22.8%[2] - 前六个月净利润为8.6百万美元，每股摊薄收益为0.70美元，同比下降14.6%[2] 业务表现 - 第二季度和年初至今的销售额下降主要是由于对拖船市场的Marine Components销售下降,部分被Security Products销售增长所抵消[3] - 第二季度营业利润增加是由于Security Products销售和毛利率上升抵消了Marine Components销售和毛利率下降的影响[3] - 前六个月营业利润下降是由于Marine Components销售和毛利率下降,部分被第二季度Security Products销售和毛利率上升所抵消[3]

Dallas, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE:CIX) announced today that its board of directors has declared a special cash dividend of two dollars ($2.00) per share and a regular quarterly dividend of thirty cents ($0.30) per share, in each case on its class A common stock. The special cash dividend is payable on August 28, 2024 to stockholders of record at the close of business on August 19, 2024. The regular quarterly dividend of $0.30 per share is payable on September 17 ...

Dallas, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today that its board of directors has declared a special cash dividend of two dollars ($2.00) per share and a regular quarterly dividend of thirty cents ($0.30) per share, in each case on its class A common stock. The special cash dividend is payable on August 28, 2024 to stockholders of record at the close of business on August 19, 2024. The regular quarterly dividend of $0.30 per share is payable on Se ...

财务表现 - 公司第二季度营业收入为35.89百万美元，同比下降2%[64] - 第二季度毛利率为31.1%，同比提高3个百分点[64] - 公司前六个月营业收入为73.86百万美元，同比下降5%[66] - 前六个月公司整体毛利率为28.2%，同比下降1.3个百分点[66] - 前六个月公司整体营业利润率为11.9%，同比下降2.8个百分点[66] - 2024年第二季度毛利率和营业收入占净销售额的百分比较2023年同期有所改善[83] - 2024年前六个月毛利率占净销售额的百分比较2023年同期有所下降,主要由于2023年第四季度生产的高成本存货在2024年第一季度销售,以及由于销售额下降导致固定成本覆盖率降低,部分被2024年第二季度更有利的客户和产品组合所抵消[83] - 2024年前六个月营业收入占净销售额的百分比较2023年同期有所下降,主要由于毛利率因素的影响以及由于销售额下降导致营业成本和费用的覆盖率降低,部分被营业成本和费用的降低所抵消[83] 分部表现 - 第二季度安全产品分部销售额增长10%，主要得益于政府安全市场销售增加[77,78] - 第二季度安全产品分部毛利率和营业利润率分别为31.7%和19.3%，同比均有所提高[75] - 第二季度船舶部件分部销售额下降30%，主要由于拖船市场销售大幅下滑[82] - 第二季度船舶部件分部毛利率和营业利润率分别为28.8%和18.1%，同比略有提高[81] - 前六个月安全产品分部销售额增长10%，船舶部件分部销售额下降36%[74,80] - 预计2024年安全产品部门全年销售额将低于2023年,因为上半年的需求增加预计将被下半年政府安全市场销售的下降所抵消[85] - 预计2024年安全产品部门全年毛利率将与2023年相当,但营业收入占销售额的百分比将下降,主要由于定价能力有限以及由于销售额下降导致销售、一般和管理费用的覆盖率降低[86] - 预计2024年船舶部件部门全年销售额将低于2023年,因为相信船艇市场需求将进一步下降[86] - 预计2024年船舶部件部门全年毛利率和营业收入占销售额的百分比将低于2023年,主要由于销售额下降导致固定费用和销售、一般及管理费用的覆盖率降低[86] 其他财务信息 - 2024年上半年公司从联属公司收到的净贷款偿还额为140万美元[95] - 2024年上半年公司收到美国国债到期的总收益为2400万美元[96]

Dallas, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today sales of $35.9 million for the second quarter of 2024 compared to $36.6 million in the same period of 2023. Operating income was $5.1 million in the second quarter of 2024 compared to $4.4 million in the same period of 2023. Net income was $4.9 million, or $.39 per basic and diluted common share, for the second quarter of 2024 compared to $4.0 million, or $.33 per basic and diluted common share, in ...

文章核心观点 - 公司的安全产品业务在2023年有9%的增长,但这主要是由于一个针对美国邮政服务的试点项目,这种收入不应被视为持续性收入[23] - 公司的船舶配件业务在2023年和2024年Q1出现大幅下滑,分别下降23%和41.5%[21][24] - 公司的整体收入和利润在2023年和2024年Q1都出现下滑[20][25] 公司概况 - 公司有两大业务分部:安全产品和船舶配件[2] - 公司的控股股东是NL Industries,而NL Industries又是Valhi Inc.的子公司,Valhi Inc.的大股东是Contran Corporation[4][5][6] - Contran Corporation由已故的亿万富翁Harold Simmons的两个女儿Lisa Simmons和Serena Simmons Connelly控制[6][7][8] - 公司过去10年一直保持稳定的收入和利润增长,负债也在逐步降低[10][11][12][17][18] 公司估值 - 根据折现现金流分析,公司目前股价已经接近合理估值,没有明显的上涨空间[26][27][28] - 按清算价值计算,公司每股价值仅为10.14美元,低于目前24.20美元的股价,存在58.1%的下跌空间[30][31] 投资建议 - 由于公司2024年销售前景不佳,且股价已接近合理估值,给予"持有"评级[32][33][34][35] - 如果股价跌至19.50美元以下,则可考虑买入[33][35] - 如果公司2025年Q2前无法改善销售,则可能考虑卖出[36][37][38]

Zacks Investment Research has recently initiated the coverage of CompX International Inc. (CIX) with a “Neutral” recommendation. This recommendation reflects a balanced view of the company’s robust financial health, counterbalanced by market challenges and competitive pressures that could limit its growth prospects in the near term. CompX, headquartered in Dallas, TX, operates primarily through two segments — Security Products and Marine Components. This prominent manufacturer in the security products and m ...

Dallas, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today that its board of directors has declared CompX’s regular quarterly dividend of thirty cents ($0.30) per share on its class A common stock, payable on June 18, 2024 to stockholders of record at the close of business on June 10, 2024. CompX also announced that at its annual stockholder meeting held on May 22, 2024, its stockholders: elected each of Thomas E. Barry, Loretta J. Feehan, Terri L. Herringt ...

Dallas, Texas, May 22, 2024 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today that its board of directors has declared CompX’s regular quarterly dividend of thirty cents ($0.30) per share on its class A common stock, payable on June 18, 2024 to stockholders of record at the close of business on June 10, 2024. CompX also announced that at its annual stockholder meeting held on May 22, 2024, its stockholders: elected each of Thomas E. Barry, Loretta J. Feehan, Terri L. Herringt ...