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CompX International Q3 sales rise 10% on marine components demand

By Reuters News


Overview

  • U.S. security products and marine components maker's Q3 sales rose to $44 mln from $40 mln

  • Q3 net income increased to $5.4 mln from $4.2 mln last year

  • Sales growth driven by higher Marine Components and Security Products demand


Outlook

  • CompX did not provide specific guidance for future quarters or the full year in its press release


Result Drivers

  • MARINE COMPONENTS DEMAND - Co said higher sales to towboat and industrial markets drove Q3 revenue growth

  • GROSS MARGIN IMPROVEMENT - Co attributed higher operating income to improved gross margin at Security Products and Marine Components


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$44 mln

Q3 Net Income

$5.40 mln

Q3 Operating income

$6.40 mln


Reuters Recommended Reads

  • Nov 2 - Metallus Q3 sales rise 10% on customer demand

  • Nov 3 - Navigator Holdings Q3 operating revenue inches up

  • Nov 2 - MSA Safety Q3 sales beat estimates on acquisitions


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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