CompX International (CIX) Q4 2024 earnings summary

Executive summary

• Fourth quarter 2024 net sales were $38.4 million, down from $43.2 million in Q4 2023, with net income at $4.5 million versus $6.7 million year-over-year.

• Full-year 2024 net sales totaled $145.9 million, a decrease from $161.3 million in 2023, and net income was $16.6 million compared to $22.6 million in the prior year.

Financial highlights

• Q4 2024 operating income was $4.9 million, down from $7.4 million in Q4 2023; full-year operating income was $17.0 million, down from $25.4 million.

• Gross margin for Q4 2024 was $11.0 million, compared to $13.6 million in Q4 2023; full-year gross margin was $41.3 million, down from $49.2 million.

• Basic and diluted EPS for Q4 2024 was $0.37, down from $0.54 in Q4 2023; full-year EPS was $1.35, down from $1.84.

Outlook and guidance

• Management notes substantial risks and uncertainties, including supply and demand fluctuations, raw material costs, and global economic and political conditions.