CompX International Q4 revenue dips due to lower Security Products sales

Reuters
Mar 05
CompX International Q4 revenue dips due to lower Security Products sales

Overview

  • Security products and marine components maker's Q4 net sales fell yr/yr due to lower healthcare sales

  • Q4 operating income rose yr/yr, driven by higher Marine Components sales and improved margins

Outlook

  • CompX International did not provide specific guidance for future periods in press release

Result Drivers

  • SECURITY PRODUCTS DECLINE - Q4 net sales decreased due to lower Security Products sales to the healthcare market

  • MARINE COMPONENTS GROWTH - Higher Marine Components sales to the industrial market boosted Q4 operating income

  • FULL-YEAR SALES INCREASE - Full-year sales growth driven by higher Security Products sales to government market and Marine Components sales to multiple markets

Company press release: ID:nGNE1k07y8

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

$37.70 mln

Q4 Net Income

$4.70 mln

Q4 Operating income

$5.60 mln

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.)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10