CompX International Inc. (NYSE American: CIX) Financial Overview and Stock Activity

• Decline in financial performance in Q3 2024, with reduced earnings and sales due to lower demand in key segments.
• Director's stock sale on November 14, 2024, with Mary A. Tidlund selling 1,000 shares at approximately $29.02 each.
• Continued dividend payments despite financial downturn, with a regular quarterly dividend of $0.30 per share announced.

CompX International Inc. (NYSE American: CIX) is a prominent manufacturer specializing in security products and recreational marine components. The company has faced challenges recently, as highlighted by a decline in both earnings and sales in the third quarter of 2024. This downturn is attributed to reduced demand in its key segments, impacting its financial performance.

On November 14, 2024, Tidlund Mary A., a director at CompX, executed an S-Sale transaction, selling 1,000 shares of Class A Common Stock at approximately $29.02 per share. This transaction leaves her with 5,650 shares. The sale price aligns closely with the current stock price of $29, which has fluctuated between $28.88 and $29.05 today.

CompX's financial results for the third quarter of 2024 show a decrease in sales to $33.6 million from $40.3 million in the same period of 2023. Operating income also fell to $3.3 million from $6.6 million. Net income dropped to $3.5 million, or $0.28 per share, compared to $5.8 million, or $0.47 per share, in the previous year, as reported by Zacks Investment Research.

For the nine months ending September 30, 2024, CompX reported sales of $107.5 million, down from $118.1 million in 2023. Operating income decreased to $12.1 million from $18.0 million, and net income was $12.1 million, or $0.98 per share, compared to $15.9 million, or $1.29 per share, in the previous year. Despite these declines, the company declared a regular quarterly dividend of $0.30 per share, payable on December 10, 2024.

CompX's market capitalization is approximately $357.2 million, with a trading volume of 1,657 shares. Over the past year, the stock has seen a high of $39.91 and a low of $20.06. The company's financial challenges and recent stock transactions reflect the broader market conditions and demand fluctuations in its industry.