CompX reports Q2 EPS 39c vs. 33c alst year

Reports Q2 revenue $35.9M vs. $36.6M last year. The company said, “Second quarter and year-to-date 2024 net sales decreased over the comparable 2023 periods due to lower Marine Components sales primarily to the towboat market, partially offset by higher Security Products sales primarily to the government security market. Operating income increased in the second quarter of 2024 compared to the same period in 2023 due to the effects of higher Security Products sales and gross margin which more than offset lower Marine Components sales and gross margin. Operating income decreased for the first six months of 2024 compared to the same period in 2023 due to lower Marine Components sales and gross margin partially offset by higher Security Products sales and higher Security Products gross margin in the second quarter of 2024 compared to the second quarter of 2023.”