<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>cixexh9910128.txt
<TEXT>
                                                                 Exhibit 99.1

                            CompX International Inc.

         Index to Pro Forma Condensed Consolidated Financial Statements

                                                                     Page

  Pro Forma Condensed Consolidated Balance Sheet -
   September 30, 2004                                              F-2/F-3

  Notes to Pro Forma Condensed Consolidated Balance Sheet          F-4/F-5

  Pro Forma Condensed Consolidated Statement of Income -
   Nine months ended September 30, 2004                              F-6

  Pro Forma Condensed Consolidated Statement of Income -
   Year ended December 31, 2003                                      F-7

  Notes to Pro Forma Condensed Consolidated Statements of
   Income                                                            F-8


These pro forma condensed  consolidated  financial  statements should be read in
conjunction  with the  historical  consolidated  financial  statements  of CompX
International Inc. The pro forma condensed consolidated financial statements are
not necessarily indicative of what the Company's consolidated financial position
or results of continuing  operations  would have been had the Company  completed
the transaction described in the accompanying notes at the dates indicated,  nor
are they necessarily indicative of the Company's consolidated financial position
or results of continuing operations as they may be in the future.


                                      F-1
<PAGE>



                            CompX International Inc.
                 Pro Forma Condensed Consolidated Balance Sheet
                               September 30, 2004
                                   (Unaudited)

                                 (In thousands)



<TABLE>
<CAPTION>
                                                                                      Pro forma
                                                                                      adjustments
                                                                                 ---------------------
                        Assets                                Historical                 (I)                Pro forma
                                                           ------------------    ---------------------   -----------------

Current assets:
<S>                                                              <C>                    <C>                    <C>
   Cash and cash equivalents                                     $ 16,071               $ 16,718               $ 32,789
   Accounts receivable, net                                        28,181                 (5,651)                22,530
   Inventories                                                     26,594                 (6,037)                20,557
   Other                                                            3,320                 (1,977)                 1,343
                                                           ------------------    ---------------------   -----------------

         Total current assets                                      74,166                  3,053                 77,219
                                                           ------------------    ---------------------   -----------------

Other assets:
   Goodwill                                                        43,022                (14,268)                28,754
   Other                                                            2,670                  3,928                  6,598
                                                           ------------------    ---------------------   -----------------

         Total other assets                                        45,692                (10,340)                35,352
                                                           ------------------    ---------------------   -----------------

Property and equipment, net                                        73,444                 (7,291)                66,153
                                                           ------------------    ---------------------   -----------------

                                                                 $193,302               $(14,578)              $178,724
                                                           ==================    =====================   =================
</TABLE>






                                      F-2

<PAGE>



                            CompX International Inc.
           Pro Forma Condensed Consolidated Balance Sheet (Continued)
                               September 30, 2004
                                   (Unaudited)

                                 (In thousands)



<TABLE>
<CAPTION>
                                                                                       Pro forma
                                                                                       adjustments
                                                                                   -------------------
           Liabilities and Stockholders' Equity                  Historical               (I)                Pro forma
                                                               ----------------    -------------------    -----------------

Current liabilities:
   Accounts payable and accrued
<S>                                                                <C>                  <C>                   <C>
    liabilities                                                    $ 23,706             $ (4,654)             $ 19,052
   Income taxes                                                       2,151                 (183)                1,968
   Deferred income taxes                                                758                 (509)                  249
                                                               ----------------    -------------------    -----------------

         Total current liabilities                                   26,615               (5,346)               21,269
                                                               ----------------    -------------------    -----------------

Noncurrent liabilities:
   Deferred income taxes                                              3,393                    -                 3,393
   Other                                                                112                  (21)                   91
                                                               ----------------    -------------------    -----------------

         Total noncurrent liabilities                                 3,505                  (21)                3,484
                                                               ----------------    -------------------    -----------------

Stockholders' equity
   Common stock and paid-in capital                                 108,861                    -               108,861
   Retained earnings                                                 52,160              (12,143)               40,017
   Accumulated other comprehensive
    income - currency translation                                     2,161                2,932                 5,093
                                                               ----------------    -------------------    -----------------
                                                               ----------------    -------------------    -----------------

Total stockholders' equity                                          163,182               (9,211)              153,971
                                                               ----------------    -------------------    -----------------

                                                                   $193,302             $(14,578)             $178,724
                                                               ================    ===================    =================
</TABLE>



    See accompanying notes to pro forma condensed consolidated balance sheet.


                                      F-3

<PAGE>



                            CompX International Inc.

             Notes to Pro Forma Condensed Consolidated Balance Sheet


  Note 1 - Basis of presentation

     The Pro Forma  Condensed  Consolidated  Balance Sheet assumes the following
transaction,  more fully  described in Item 2.01 of this Current  Report on Form
8-K dated January 24, 2005, occurred on September 30, 2004:

     The Company sells all of the net assets of its Thomas  Regout's  operations
for  approximately  euro 17.6 million ($21.6  million),  net of selling expenses
totaling approximately $500,000. The euro net proceeds were translated into U.S.
dollars using the actual  September  30, 2004 exchange rate of U.S.  $1.2275 per
euro.

  Note 2 - Pro forma adjustments:

     I - Reflect the sale of substantially  all of Thomas Regout's net assets as
follows:

<TABLE>
<CAPTION>
                                                                                                    Amount
                                                                                            ------------------------
                                                                                                (In thousands)

<S>                                                                                                  <C>
     Net proceeds                                                                                    $ 21,595
                                                                                            ========================

Carrying value of assets sold and liabilities assumed:
  Cash and cash equivalents                                                                             1,873
  Accounts receivable, net                                                                              5,651
  Inventories                                                                                           6,037
  Other current assets                                                                                  1,977
  Goodwill, net                                                                                        14,268
  Net property, plant, and equipment                                                                    7,291
  Accounts payable and accrued liabilities                                                             (4,654)
  Income taxes                                                                                           (183)
  Deferred income taxes                                                                                  (509)
  Long term debt and other noncurrent liabilities                                                         (21)
  Accumulated other comprehensive income - foreign
   currency translation                                                                                 2,932
                                                                                            ------------------------
                                                                                                       34,662
                                                                                            ------------------------
                                                                                                      (13,067)

Income tax benefit                                                                                       (924)
                                                                                            ------------------------

          Net-of-tax loss                                                                            $(12,143)
                                                                                            ========================
</TABLE>

     The  net  proceeds  consist  of  $17.7  million  in  cash  and a  long-term
subordinated  note receivable of $3.9 million.  The subordinated note receivable
bears interest at 7.0% per annun.

     The pro forma adjustment to cash and cash  equivalents  consists of the net
effect of (i) $17.7  million of net  proceeds,  (ii) $1.9  million cash and cash

                                      F-4

<PAGE>

equivalents  of Thomas  Regout  assumed to have been sold and (iii) $.9  million
income tax benefit from the sale. The pro forma  adjustment to other  noncurrent
assets  represents  the  subordinated  note  receivable  received as part of the
consideration from the sale.

     The Company's  actual  net-of-tax  loss on the sale of Thomas  Regout's net
assets will differ from the amount shown above  because of, among other  things,
(a)  differences in the net carrying value of the net assets sold as shown above
as  compared  to the date of sale and (b)  differences  in the U.S.  dollar/euro
exchange rate as shown above as compared to the date of sale.

                                      F-5
<PAGE>



                            CompX International Inc.
              Pro Forma Condensed Consolidated Statement of Income
                      Nine months ended September 30, 2004
                                   (Unaudited)

                      (In thousands, except per share data)


<TABLE>
<CAPTION>
                                                                                   Pro forma
                                                                                  adjustments
                                                                    -----------------------------------------
                                                 Historical                (I)                   (II)            Pro forma
                                              ------------------    -------------------    ------------------    ----------------

<S>                                                 <C>                   <C>                     <C>                 <C>
Net sales                                           $165,858              $(29,801)               $  -                $136,057
Cost of goods sold                                   130,022               (23,584)                                    106,438
                                              ------------------    -------------------    ------------------    ----------------

     Gross margin                                     35,836                (6,217)                   -                 29,619

Selling, general and
 administrative expense                               21,511                (4,088)                   -                17,423

     Operating income                                 14,325                (2,129)                   -                 12,196

Other general corporate (income)
 expense, net                                           (335)               (1,143)                (123)                (1,601)
Interest expense                                         442                     -                    -                    442
                                              ------------------    -------------------    ------------------    ----------------

     Income before income taxes                       14,218                  (986)                 123                 13,355

Provision for income taxes                             5,491                  (343)                  49                  5,197
                                              ------------------    -------------------    ------------------    ----------------

     Income from continuing
      operations                                    $  8,727              $   (643)                $ 74                $ 8,158
                                              ==================    ===================    ==================    ================


Basic and diluted earnings per
 common share                                      $   0.58                                                           $   0.54
                                              ==================                                                 ================



Basic earnings per common share                       15,141                                                            15,141
Dilutive impact of outstanding
 stock options                                            15                                                                15
                                              ------------------                                                 ----------------

Diluted common shares                                 15,156                                                           15,156
                                              ==================                                                 ================
</TABLE>



  See accompanying notes to pro forma condensed consolidated income statement.


                                      F-6

<PAGE>



                            CompX International Inc.
              Pro Forma Condensed Consolidated Statement of Income
                          Year ended December 31, 2003
                                   (Unaudited)

                      (In thousands, except per share data)

<TABLE>
<CAPTION>
                                                                             Pro forma
                                                                            Adjustments
                                                              ----------------------------------------
                                            Historical               (I)                  (II)            Pro forma
                                         -----------------    ------------------    ------------------    -------------------

<S>                                           <C>                   <C>                       <C>              <C>
Net sales                                     $207,543              $(33,577)                 $  -             $173,966
Cost of goods sold                             172,843               (29,966)                    -              142,877
                                         -----------------    ------------------    ------------------    -------------------

     Gross margin                               34,700                (3,611)                    -               31,089

Selling, general and
 administrative expense                         27,288                (5,691)                    -               21,597
Restructuring expense                            3,303                (3,303)                    -                    -
                                         -----------------    ------------------    ------------------    -------------------

     Operating income                            4,109                 5,383                     -                9,492

Other general corporate
 (income) expense, net                             532                (1,493)                 (237)              (1,198)
Interest expense                                 1,301                    (2)                    -                1,299
                                         -----------------    ------------------    ------------------    -------------------

     Income before income taxes                  2,276                 6,878                   237                9,391

Provision for income taxes                       1,003                 2,373                    97                3,473
                                         -----------------    ------------------    ------------------    -------------------

     Income from continuing
      operations                              $  1,273              $  4,505                 $ 140             $  5,918
                                         =================    ==================    ==================    ===================


Basic and diluted earnings
 (loss) per common share                    $   0.08                                                          $   0.39
                                         =================                                                ===================



Basic earnings per common share                 15,121                                                           15,121
Dilutive impact of outstanding
 stock options                                       -                                                                -
                                         -----------------                                                -------------------

Diluted common shares                           15,121                                                           15,121
                                         =================                                                ===================
</TABLE>

  See accompanying notes to pro forma condensed consolidated income statement.


                                      F-7


<PAGE>



                            CompX International Inc.

         Notes To Pro Forma Condensed Consolidated Statements of Income


  Note 1 - Basis of presentation:

     The Pro  Forma  Condensed  Consolidated  Statements  of Income  assume  the
Company  sells all of the net assets of its Thomas  Regout's  operations  , more
fully described in Item 2.01 of the Current Report on Form 8-K dated January 24,
2005, occurred as of the beginning of 2003.

  Note 2 - Pro forma adjustments:

         I -   Elminate  Thomas  Regout's   historical   results  of  operations
               included in the Company's consolidated  statements of operations.
               In future  filings,  the  Company  will  report  Thomas  Regout's
               results  of   operations   through   the  date  of   disposal  as
               discontinued operations.

         II -  Recognize  interest  income on the  subordinated  promissory note
               received as partial consideration,  net of income taxes using the
               estimated combined federal and state income tax rate of 40%.


                                      F-8

</TEXT>
</DOCUMENT>
