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Segment information

9 Months Ended

Sep. 30, 2025

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 September 30,				Nine months ended September 30,
	2024		2025		2024		2025

	(In thousands)
Net sales	$	33,667	$	39,950	$	107,525	$	120,588

Segment profit		3,349		4,761		12,145		16,950
Insurance recoveries		1,100		—		1,317		—
Corporate expenses		(2,413)		(2,910)		(9,279)		(9,150)
Equity in earnings (losses) of Kronos Worldwide, Inc.		21,982		(11,318)		30,431		(8,604)
Interest and dividend income		2,716		2,076		7,945		5,618
Marketable equity securities		18,613		(456)		21,775		(9,115)
Other components of net periodic pension and OPEB cost		(318)		(285)		(954)		(855)
Interest expense		(147)		(90)		(440)		(756)
Income tax benefit (expense)		(8,508)		854		(10,798)		920
Net income (loss)	$	36,374	$	(7,368)	$	52,142	$	(4,992)

See the Condensed Consolidated Financial Statements for additional financial information regarding our operating segment.