COMPX REPORTS FIRST QUARTER 2023 RESULTS - Seite 2

The factors that could cause our actual future results to differ materially include, but are not limited to, the following:

• Future demand for our products,
• Changes in our raw material and other operating costs (such as zinc, brass, aluminum, steel and energy costs) and our ability to pass those costs on to our customers or offset them with reductions in other operating costs,
• Price and product competition from low-cost manufacturing sources (such as China),
• The impact of pricing and production decisions,
• Customer and competitor strategies including substitute products,
• Uncertainties associated with the development of new products and product features,
• Future litigation,
• Our ability to protect or defend our intellectual property rights,
• Potential difficulties in integrating future acquisitions,
• Decisions to sell operating assets other than in the ordinary course of business,
• Environmental matters (such as those requiring emission and discharge standards for existing and new facilities),
• The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reform,
• Government laws and regulations and possible changes therein including new environmental health and safety or other regulations,
• General global economic and political conditions that introduce instability into our supply chain, impact our customers’ level of demand or our customers’ perception regarding demand or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises such as COVID-19),
• Operating interruptions (including, but not limited to labor disputes, hazardous chemical leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, cyber-attacks and public health crises such as COVID-19); and
• Possible disruption of our business or increases in the cost of doing business resulting from terrorist activities or global conflicts.

Should one or more of these risks materialize or if the consequences worsen, or if the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected. CompX disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.