CompX International Q2 revenue rises on higher product sales
CIX•Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | $43.60 mln | ||
| Q2 Net Income | $7.20 mln | ||
| Q2 Operating income | $8.90 mln |
Result drivers
- Security Products sales — Co said higher sales across healthcare, transportation, tool storage and distributor markets drove results in the Security Products segment.
- Marine Components sales — Co said higher Marine Components sales to the industrial market contributed to revenue growth.
- Gross margin improvement — Co said operating income rose mainly due to higher sales and gross margin at the Security Products segment.
Company did not provide outlook
The company did not provide specific guidance or outlook for future quarters or the full year.
Q2 revenue and profit rose year over year
U.S. security products and marine components maker's Q2 revenue rose year over year.
Q2 net income and operating income increased from a year earlier.
Higher Security Products and Marine Components sales drove revenue and profit growth.
