CompX International(NYSEMKT) CIX

CompX International Inc. makes locks and security parts for mailboxes and furniture. It also builds exhaust systems and controls for recreational boats. These products help protect valuables and power watercraft.

What Does CompX Make?

• Security Products: Mechanical and electrical cabinet locks for postal, medical, and office furniture; accounted for $33.3 million of net sales in the second quarter of 2026.
• Marine Components: Equipment for performance boats including exhaust systems, gauges, and throttle controls; accounted for $10.3 million of net sales in the second quarter of 2026.

Expansion and Strategic Shifts

• Expanded sales to the healthcare and transportation markets during the first six months of 2026.
• Increased industrial market sales within the marine segment to offset lower government orders in 2026.
• Recovered one-time prior-period import costs during the second quarter of 2026.
• Invested $1.5 million in capital projects during the first half of 2026.

Domestic Focus and Supply Stability

The company manufactures nearly all products in the United States and uses mostly domestic suppliers for raw materials. Its internal supply chain remains stable despite past global and domestic logistical challenges.

Key Figures for 2026

• Operating income reached $8.9 million in the second quarter of 2026, up from $6.3 million in the same period of 2025.
• Security Products net sales grew 9% in the second quarter of 2026 compared to the same period in 2025.
• Marine Components net sales increased 6% in the first six months of 2026 compared to the first half of 2025.
• Cash and cash equivalents totaled $52.4 million at June 30, 2026.

Bottom Line

CompX has transitioned into a specialized manufacturer focused on high-demand security and marine sectors. Its ability to adjust product mix and pricing helps maintain stability across changing economic conditions.