Segment information

3 Months Ended

Mar. 31, 2026

Segment information

Segment information

Note 2 – Segment information:

Our chief operating decision maker (“CODM”) evaluates segment performance based on net income and segment profit (a non-GAAP measure), which we define as gross margin less selling, general and administrative expenses directly attributable to CompX. Differences between segment profit and the amounts included in net income (loss) are included in the table below. Substantially all depreciation and amortization amounts are included in the calculation of segment profit.

	Three months ended March 31,
	2025		2026
	(In thousands)
Net sales	$	40,272	$	40,569
Segment profit		5,869		7,050
Corporate expenses		(2,721)		(2,943)
Equity in earnings (losses) of Kronos Worldwide, Inc.		5,525		(1,477)
Interest and dividend income		2,038		1,252
Marketable equity securities		(8,552)		2,695
Other components of net periodic pension and OPEB cost		(285)		—
Interest expense		(575)		(11)
Income tax benefit (expense)		23		(1,472)
Net income	$	1,322	$	5,094