CompX国际2025年季度报告

COMPX INTERNATIONALINC. (Exact name of Registrant as specified in its charter) DELAWARE57-0981653(State or other jurisdiction ofincorporation or organization)(IRS EmployerIdentification No.)5430 LBJ Freeway,Suite1700Dallas,Texas75240-2620(Address of principal executive offices)Registrant’s telephone number, including area code (972)448-1400 Securities registered pursuant to Section12(b)of the Act: Name of each exchange on which registeredNYSE American Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)ofthe Securities Exchange Act of 1934 during the preceding 12months and (2)has been subject to such filingrequirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule405 of Regulation S-T during the preceding 12months (or for such shorter periodthat the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the ExchangeAct. Large accelerated filerNon-accelerated filerEmerging growth company Accelerated filer☐Smaller reporting company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒. As of October 31, 2025, the registrant had12,323,057shares of ClassA common stock, $.01 par value per share, outstanding. COMPX INTERNATIONALINC. Index PartI.FINANCIAL INFORMATION Condensed Consolidated Balance Sheets– December31, 2024 and September 30, 2025(unaudited)- 3 -Condensed Consolidated Statements of Income and Comprehensive Income (unaudited)–Three and nine months ended September 30, 2024 and 2025- 4 -Condensed Consolidated Statements of Stockholders’ Equity (unaudited)– Three andnine months ended September 30, 2024 and 2025- 5 -Condensed Consolidated Statements of Cash Flows (unaudited)– Nine months endedSeptember 30, 2024 and 2025- 6 -Notesto Condensed Consolidated Financial Statements (unaudited)- 7 -Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations- 11 -Item3.Quantitative and Qualitative Disclosures About Market Risk- 17 -Item4.Controls and Procedures- 17 -PartII.OTHER INFORMATIONItem 1.Legal Proceedings- 18 -Item1A.Risk Factors- 18 -Item6.Exhibits- 18 -Items 2, 3, 4 and 5 of PartII are omitted because there is no information to report. COMPX INTERNATIONALINC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands) See accompanying Notesto Condensed Consolidated Financial Statements. COMPX INTERNATIONALINC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVEINCOME (In thousands, except per share data) (In thousands) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) COMPX INTERNATIONALINC. NOTESTO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS September30, 2025 (unaudited) Note1– Organization and basis of presentation: Organization.We(NYSE American:CIX)were approximately 87%owned by NLIndustries,Inc. (NYSE: NL) at September 30, 2025. At September 30, 2025,Valhi,Inc. (NYSE: VHI)owned approximately83% of NL’s outstanding common stock and a wholly-owned subsidiary of ContranCorporationowned approximately 91%of Valhi’s outstanding common stock.A majority ofContran’soutstanding voting stock is held directly by Lisa K. Simmons, and by family stockholders(Thomas C. Connelly (the husband of Ms.Simmons’ late sister), a family-owned entity and various familytrusts established for the benefit of Ms.Simmons, Mr. Connelly and their children) who are required tovote their shares of Contran voting stock in the same manner as Ms. Simmons. Such voting rights arepersonal to Ms.Simmons and last through April 22, 2030. The remainder of Contran’s outstanding votingstock is held by another trust (the “Family Trust”), which was established for the benefit of Ms.Simmonsand her late sister and their children and for which a third-party financial institution serves as trustee.Consequently, at September 30, 2025, Ms.Simmons and the Family Trust may be deemed to controlContran, and therefore may be deemed to indirectly control the wholly-owned subsidiary of Contran,Valhi, NL and us. Basisof presentation.Consolidated in this Quarterly Report are the results of CompXInternationalInc. and its subsidiaries. The unaudited Condensed Consolidated Financial Statementscontained in this Quarterly Report have been prepared on the same basis as the audited Cons