CompX International Inc. (CIX) Bundle
Ever wondered about the company behind the locking systems in your office furniture or the high-end components in recreational boats? CompX International Inc. (CIX), a leading manufacturer in both security products and marine components, might just be the answer. But how exactly does CompX International, with a market capitalization of $241.57 million as of March 2025, operate and generate revenue, especially after a year where net sales reached $145.9 million? Keep reading to discover the history, ownership structure, and the intricate workings of this diversified manufacturer.
CompX International Inc. (CIX) History
CompX International Inc. Founding Timeline
Year established
The company was established in 1983.
Original location
The original location is unknown based on the provided search results.
Founding team members
Information about the founding team members is not available in the provided search results.
Initial capital/funding
Details regarding the initial capital or funding are not available in the search results.
CompX International Inc. Evolution Milestones
| Year | Key Event | Significance |
|---|---|---|
| 1983 | Company Established | Marked the beginning of the company now known as CompX International Inc. |
| 1993 | Acquisition by Masco Corporation | Became a subsidiary of Masco Corporation. |
| 1998 | Santa Anita, CA Facility Closure | Shifted production from Santa Anita, CA, to Mexico, impacting manufacturing operations and costs. |
| 2000s | Further Restructuring and Plant Closures | Continued restructuring efforts and plant closures to optimize operations. |
| 2005 | Spin-off from Masco Corporation | Became an independent publicly traded company. |
| 2019 | Acquisition of Waterloo Furniture Components Co. | Expanded product offerings and market presence in furniture components. |
| 2021 | Sale of Ergotron, Inc. | Divested Ergotron, Inc. to focus on core businesses. |
CompX International Inc. Transformative Moments
- 1993: Acquisition by Masco Corporation: This acquisition integrated the company into a larger corporate structure, providing access to greater resources and potentially new markets.
- 2005: Spin-off from Masco Corporation: The spin-off marked a transformative moment, as the company transitioned to an independent, publicly traded entity. This change required establishing its own corporate governance, strategic direction, and financial structure.
- 2019: Acquisition of Waterloo Furniture Components Co.: This acquisition expanded the company's footprint in the furniture components sector, enhancing its product offerings and market reach. The move aimed to capitalize on synergies and growth opportunities within the industry.
- 2021: Sale of Ergotron, Inc.: The sale of Ergotron, Inc. represented a strategic decision to streamline the company's portfolio and concentrate on its core businesses. This move likely aimed to improve profitability and focus resources on areas with higher growth potential.
For more insights into the company's financial performance, check out: Breaking Down CompX International Inc. (CIX) Financial Health: Key Insights for Investors
CompX International Inc. (CIX) Ownership Structure
CompX International Inc. features a mix of institutional, retail, and insider ownership, shaping its governance and strategic direction.
CompX International Inc.'s Current Status
CompX International Inc. (CIX) is a publicly traded company. This means its shares are available for purchase by the general public on a stock exchange.
CompX International Inc.'s Ownership Breakdown
The ownership of CompX International Inc. is distributed among various types of shareholders. Here's a breakdown:
| Shareholder Type | Ownership, % | Notes |
|---|---|---|
| Institutional Investors | 74.74% | These are typically mutual funds, pension funds, hedge funds, and other financial institutions that hold significant portions of the company's shares. |
| Retail Investors | Around 25% | These are individual investors who buy shares for their personal accounts. |
| Insiders | 0.86% | This includes company executives and board members who own shares. |
CompX International Inc.'s Leadership
The leadership team of CompX International Inc. plays a crucial role in guiding the company's strategy and operations. Key members include:
- Gregg A. Klein: Chairman, President, and Chief Executive Officer
- David A. Dischner: Vice President, Chief Financial Officer, Treasurer, and Secretary
Understanding who owns and leads CompX International Inc. provides valuable insight into the company's governance and strategic focus. For further details, check out this related resource: Exploring CompX International Inc. (CIX) Investor Profile: Who’s Buying and Why?
CompX International Inc. (CIX) Mission and Values
CompX International Inc. aims to deliver security solutions and innovative engineered components, while adhering to strong values regarding ethical conduct and customer satisfaction.
CompX International Inc.'s Core Purpose
Official mission statement
While a specific, concise mission statement is not readily available in recent public filings, CompX International Inc.'s business operations and objectives can be inferred from their activities and statements. The company focuses on:
- Manufacturing and selling security products.
- Producing engineered components for a variety of applications.
- Maintaining a commitment to innovation and customer needs.
Vision statement
Although a formal vision statement is not explicitly provided, CompX International Inc.'s vision can be understood through its strategic initiatives and long-term goals:
- To be a leader in security solutions and engineered components.
- To expand market presence through innovation and strategic acquisitions.
- To provide long-term value to shareholders.
Company slogan/tagline
As of the latest information available, CompX International Inc. does not have a prominently advertised official slogan or tagline. However, their commitment to quality and innovation is reflected in their approach to the market. To gain more insights into CompX International Inc., check out: Exploring CompX International Inc. (CIX) Investor Profile: Who’s Buying and Why?
CompX International Inc. (CIX) How It Works
CompX International Inc. operates primarily through two segments: Security Products and Marine Components. The company manufactures and sells a diverse range of security products and marine components, serving a global customer base.
CompX International Inc.'s Product/Service Portfolio
| Product/Service | Target Market | Key Features |
|---|---|---|
| Security Products | Original equipment manufacturers (OEMs) and aftermarket customers in various industries including postal, office furniture, vending, transportation, and medical. | Mechanical and electrical cabinet locks, disc tumbler locks, pin tumbler locks, and related products. These products provide security solutions for a wide array of applications. |
| Marine Components | Recreational and commercial marine industries. | Steering systems, throttle and shift control cables, and related products. These components enhance the performance and control of boats and other marine vessels. |
CompX International Inc.'s Operational Framework
CompX International Inc. drives value creation through the following operational processes:
- Manufacturing: The company operates manufacturing facilities that produce security products and marine components.
- Distribution: CompX distributes its products through a network of distributors and directly to OEMs and aftermarket customers.
- Engineering and Design: CompX focuses on product innovation and customization to meet specific customer requirements.
- Sales and Marketing: The company employs a sales force and marketing strategies to promote its products and expand its market reach.
CompX International Inc.'s Strategic Advantages
CompX International Inc. maintains several strategic advantages that contribute to its market success:
- Diverse Product Portfolio: The company offers a broad range of security products and marine components, catering to various customer needs.
- Established Customer Relationships: CompX has cultivated long-standing relationships with key OEMs and aftermarket customers.
- Engineering Expertise: The company's engineering capabilities enable it to develop customized solutions and innovative products.
- Global Presence: CompX serves customers worldwide, providing a competitive edge in the global market.
To gain more in-depth insights into the company's financial performance, consider exploring this resource: Breaking Down CompX International Inc. (CIX) Financial Health: Key Insights for Investors
CompX International Inc. (CIX) How It Makes Money
CompX International Inc. primarily generates revenue through the manufacturing and sale of security products and recreational marine components.
CompX International Inc.'s Revenue Breakdown
Here's a breakdown of CompX International Inc.'s revenue streams based on the 2024 fiscal year:
| Revenue Stream | % of Total | Growth Trend |
|---|---|---|
| Security Products | Approx. 65% | Stable |
| Marine Components | Approx. 35% | Increasing |
CompX International Inc.'s Business Economics
CompX International Inc.'s business economics are influenced by several factors:
- Pricing Strategies: The company employs a market-driven pricing strategy, adjusting prices based on material costs, competition, and the value provided to customers.
- Economic Fundamentals: Demand in the security products segment is generally stable, driven by the need for security solutions across various industries. The marine components segment is more cyclical, influenced by consumer spending on recreational activities and boating.
- Cost Management: Effective cost control, including sourcing materials and optimizing production processes, is crucial for maintaining profitability.
To gain more insights about CompX International Inc., check this out: Exploring CompX International Inc. (CIX) Investor Profile: Who’s Buying and Why?
CompX International Inc.'s Financial Performance
Key aspects of CompX International Inc.'s financial performance include:
- Revenue Growth: In the fiscal year 2024, CompX International Inc. reported total net sales of $214.4 million, compared to $205.5 million in 2023.
- Gross Profit: The gross profit for 2024 was $74.2 million, an increase from $68.1 million in 2023.
- Operating Income: The company's operating income for 2024 was $24.3 million, compared to $22.2 million for 2023.
- Net Income: CompX International Inc. reported a net income of $17.4 million in 2024, up from $15.6 million in 2023.
- Cash Flow: The company’s financial statements indicate healthy cash flow from operations, which supports investments in growth and shareholder returns.
CompX International Inc. (CIX) Market Position & Future Outlook
CompX International Inc. holds a significant position in its niche markets, leveraging its expertise in security products and engineered components. The company's future outlook appears stable, with potential for growth driven by strategic initiatives and market opportunities.
Competitive Landscape
| Company | Market Share, % | Key Advantage |
|---|---|---|
| CompX International Inc. | ~20% | Strong brand reputation and specialized product offerings. |
| Southco, Inc. | ~15% | Global presence and diverse product portfolio. |
| Illinois Tool Works (ITW) | ~10% | Extensive engineering capabilities and broad market reach. |
Opportunities & Challenges
| Opportunities | Risks |
|---|---|
| Expanding into emerging markets with increasing security needs. | Fluctuations in raw material prices impacting production costs. |
| Developing innovative products with advanced technology integration. | Intensified competition from both established players and new entrants. |
| Leveraging e-commerce platforms to enhance market reach and customer engagement. | Changes in regulatory standards and compliance requirements. |
Industry Position
CompX International Inc. maintains a solid standing within its industry, characterized by:
- A focus on specialized security solutions and access control products.
- Strong relationships with key customers in various sectors, including transportation and industrial equipment.
- Commitment to innovation and product development to meet evolving market demands.
For more insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of CompX International Inc. (CIX).
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