COMPX INTERNATIONAL INC (CIX) SEC Filings & Earnings Calls

Tariff and raw material cost risk

“Beginning in the second quarter of 2025 and continuing through the second quarter of 2026, we experienced cost increases for certain imported raw materials, primarily electronic components, including increases in tariffs and shipping costs.” · word for word

Customer concentration risk

“Our ability to retain key customers;” · word for word

Supply chain disruption risk

“Future supply and demand for our products;” · word for word

Raw material cost and tariff exposure: zinc, brass, aluminum, steel, and energy costs, including potential tariffs on imported raw materials.

“Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs), including as a result of additional or changed tariffs on imported raw materials, and our ability to pass those costs on to our customers or offset them with reductions in other operating costs” · word for word

Competition from low-cost manufacturing sources, particularly China.

“Price and product competition from low-cost manufacturing sources (such as China)” · word for word

Litigation risk related to use of certain permitted chemicals in production process.

“Pending or possible future litigation (such as litigation related to our use of certain permitted chemicals in our production process) or other actions” · word for word

Minimal risk; resignation not due to disagreement, likely routine board refresh.

“did not result from any disagreement with the registrant”

Tariff cost pressure on margins

“Beginning in the second quarter of 2025 and continuing through the first quarter of 2026, we incurred tariff-related surcharges to certain raw materials, primarily electronic components.” · word for word

PFAS litigation

“In April 2026, CompX filed answers denying liability in all four pending PFAS cases.” · word for word

Demand variability across end markets

“Security Products sales reflected mixed performance across the original equipment manufacturer markets, driven by differences in customer demand cycles and project timing, resulting in slightly lower net sales compared to the prior year period.” · word for word

Exposure to raw material cost inflation and tariffs on imported raw materials.

“Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs), including as a result of additional or changed tariffs on imported raw materials” · word for word

Competition from low-cost manufacturing sources (e.g., China).

“Price and product competition from low-cost manufacturing sources (such as China)” · word for word

Controlled company governance risk

“Because of NL’s ownership of 87.3% of the outstanding shares of our class A common stock, we are considered a controlled company under the corporate governance standards of the NYSE American.” · word for word

Customer concentration risk

“For the year ended December 31, 2025, our ten largest customers accounted for approximately 52% of our consolidated net sales, with a single customer accounting for 26% of our consolidated net sales.” · word for word

Raw material cost volatility

“During 2025, we experienced increases in the cost of certain raw materials. Throughout the year, market prices for brass and aluminum experienced a general upward trend.” · word for word

Tariff risk on imported inputs

“the imposition of new tariffs or increases in existing tariffs by the U.S. government on imports from China, Mexico or other countries from which we import raw materials and other components could increase our supply costs.” · word for word

Raw material cost and tariff exposure: zinc, brass, aluminum, steel, energy costs; tariffs on imports from China and Mexico.

“Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs), including as a result of additional or changed tariffs on imported raw materials” · word for word

Competition from low-cost manufacturing sources (e.g., China) could pressure pricing.

“Price and product competition from low-cost manufacturing sources (such as China)” · word for word

Litigation related to use of certain permitted chemicals in production process.

“Pending or possible future litigation (such as litigation related to our use of certain permitted chemicals in our production process)” · word for word

Raw material cost and tariff exposure

“Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs), including as a result of additional or changed tariffs on imported raw materials, and our ability to pass those costs on to our customers or offset them with reductions in other operating costs.” · word for word

Competition from low-cost manufacturing sources

“Price and product competition from low-cost manufacturing sources (such as China).” · word for word

Tariff cost pressure on margins

“Additionally, we began incurring tariff-related surcharges on certain components, primarily electronic components from Asia, beginning late in the second quarter of 2025. We expect these cost pressures to continue through the remainder of the year.” · word for word

Raw material cost inflation

“Raw material price increases that began in the third quarter of 2024 have persisted through the first nine months of 2025.” · word for word

Customer concentration in government market

“Relative to prior year, the increase in third quarter sales was primarily due to $4.0 million higher sales to the government security market.” · word for word

Related-party loan concentration

“At September 30, 2025, the outstanding principal balance receivable from Valhi under the promissory note was $8.1 million.” · word for word