Segment information

6 Months Ended

Jun. 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 are included in the table below. Depreciation and amortization amounts included in the calculation of segment profit all relate to CompX and were $1.8 million and $1.9 million for the six months ended June 30, 2024 and 2025, respectively.


	Three months ended June 30,				Six months ended June 30,
	2024		2025		2024		2025

	(In thousands)
Net sales	$	35,887	$	40,366	$	73,858	$	80,638

Segment profit		5,081		6,320		8,796		12,189
Corporate expenses		(4,290)		(3,519)		(6,649)		(6,240)
Equity in earnings (losses) of Kronos Worldwide, Inc.		5,973		(2,811)		8,449		2,714
Interest and dividend income		2,678		1,504		5,229		3,542
Marketable equity securities		779		(108)		3,162		(8,659)
Other components of net periodic pension and OPEB cost		(318)		(285)		(636)		(570)
Interest expense		(148)		(90)		(293)		(666)
Income tax (expense) benefit		(1,302)		43		(2,290)		66
Net income	$	8,453	$	1,054	$	15,768	$	2,376

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