COMPX INTERNATIONAL INC
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
CIX$44.10+8.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. CONDENSED CONSOLIDATED BALANCE SHEETS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, · · March 31, | ||||||
| ASSETS · · 2023 · · 2024 | ||||||
| · · · · · (unaudited) | ||||||
| Current assets: · · · | ||||||
| Cash and cash equivalents | | $41,393 | | $51,866 | ||
| Marketable securities | | | 35,354 | | | 23,701 |
| Accounts receivable, net | | 17,061 | | 17,329 | ||
| Inventories, net | | 30,712 | | 27,543 | ||
| Prepaid expenses and other | | 2,110 | | 1,807 | ||
| Total current assets | | 126,630 | | 122,246 | ||
| | | | | | | |
| Other assets: | | | ||||
| Note receivable from affiliate | | 10,600 | | 9,800 | ||
| Goodwill | | 23,742 | | 23,742 | ||
| Other noncurrent assets | | 769 | | 747 | ||
| Total other assets | | 35,111 | | 34,289 | ||
| | | | | | | |
| Property and equipment: | | | ||||
| Land | | 5,390 | | 5,390 | ||
| Buildings | | 23,239 | | 23,262 | ||
| Equipment | | 74,315 | | 74,650 | ||
| Construction in progress | | 676 | | 536 | ||
| | | 103,620 | | 103,838 | ||
| Less accumulated depreciation | | 77,757 | | 78,654 | ||
| Net property and equipment | | 25,863 | | 25,184 | ||
| Total assets | | $187,604 | | $181,719 | ||
| | | | | | | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | | | | |||
| | | | | | | |
| Current liabilities: | | | | | ||
| Accounts payable and accrued liabilities | | $15,745 | | $9,697 | ||
| Income taxes payable to affiliate | | 1,460 | | 1,725 | ||
| Total current liabilities | | 17,205 | | 11,422 | ||
| | | | | | | |
| Noncurrent liabilities: | | | | | ||
| Deferred income taxes | | | 1,509 | | | 1,359 |
| Other | | | 41 | | | 34 |
| Total noncurrent liabilities | | | 1,550 | | | 1,393 |
| | | | | | | |
| Stockholders' equity: | | | ||||
| Preferred stock | | — | | — | ||
| Class A common stock | | 123 | | 123 | ||
| Additional paid-in capital | | 53,275 | | 53,275 | ||
| Retained earnings | | 115,457 | | 115,517 | ||
| Accumulated other comprehensive loss - unrealized loss on marketable securities | | | (6) | | | (11) |
| Total stockholders' equity | | 168,849 | | 168,904 | ||
| Total liabilities and stockholders’ equity | | $187,604 | | $181,719 | ||
Commitments and contingencies (Note 1)
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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(In thousands, except per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three months ended | ||||||
| · · March 31, | ||||||
| · 2023 · 2024 | ||||||
| · · (unaudited) | ||||||
| Net sales | | $41,151 | | $37,971 | ||
| Cost of sales | | 28,447 | | 28,304 | ||
| Gross margin | | 12,704 | | 9,667 | ||
| Selling, general and administrative expense | | 5,664 | | 5,952 | ||
| Operating income | | 7,040 | | 3,715 | ||
| Interest income | | 947 | | 1,224 | ||
| Income before income taxes | | 7,987 | | 4,939 | ||
| Provision for income taxes | | 1,919 | | 1,185 | ||
| Net income | | $6,068 | | $3,754 | ||
| | | | | | | |
| Other comprehensive loss, marketable securities adjustment: | | | | | | |
| Unrealized loss arising during year, net | | | (30) | | | (5) |
| Comprehensive income | | $6,038 | | $3,749 | ||
| | | | | | | |
| Basic and diluted net income per common share | | $.49 | | $.31 | ||
| | | | | | | |
| Basic and diluted weighted average shares outstanding | | 12,307 | | 12,314 | ||
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