WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

Date of Report: March 30, 2005

COMPX INTERNATIONAL INC.
(Exact name of Registrant as specified in its charter)

Delaware                        1-13905                      57-0981653
(State or other                   (Commission                  (IRS Employer
jurisdiction of                  File Number)                 Identification
incorporation)                                                       No.)

5430 LBJ Freeway, Suite 1700, Dallas, TX               75240-2697
(Address of principal executive offices)               (Zip Code)

(972) 233-1700
(Registrant's telephone number, including area code)

(Former name or address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2):

[   ]      Written communications pursuant to Rule 425 under the Securities Act 
(17 CFR 230.425)

[   ]      Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
(17 CFR 240.14a-12)

[   ]      Pre-commencement communications pursuant to Rule 14d-2(b) under the 
Exchange Act (17 CFR 240.14d-2(b))

[   ]      Pre-commencement communications pursuant to Rule 13e-4(c) under the 
Exchange Act (17 CFR 240.13e-4(c))

Item 2.02           Results of Operations and Financial Condition.
Item 7.01           Regulation FD Disclosure.

Pursuant to Items 2.02 and 7.01 of this current report,  the registrant
hereby  furnishes the information set forth in its press release issued on March
30,  2005, a copy of which is attached  hereto as Exhibit 99.1 and  incorporated
herein by reference.

The  information,  including the exhibit,  the registrant  furnishes in
this report is not deemed  "filed" for purposes of section 18 of the  Securities
Exchange Act of 1934, as amended,  or otherwise  subject to the  liabilities  of
that  section.  Registration  statements  or  other  documents  filed  with  the
Securities and Exchange  Commission  shall not incorporate  this  information by
reference, except as otherwise expressly stated in such filing.

Item 9.01           Financial Statements and Exhibits.

(c) Exhibits.

Item No.         Exhibit Index
----------       ----------------------------------------
99.1             Press Release dated March 30, 2005 issued by the 
registrant.

SIGNATURE

Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

COMPX INTERNATIONAL INC.
(Registrant)

By:  /s/ A. Andrew R. Louis
----------------------
A. Andrew R. Louis
Secretary

Date:  March 30, 2005

INDEX TO EXHIBITS

Exhibit No.       Description
-----------       --------------------------------------------------

99.1              Press Release dated March 30, 2005 issued by the registrant.

[LOGO GOES HERE]

PRESS RELEASE

FOR IMMEDIATE RELEASE:                               CONTACT:

CompX International Inc.                             David A. Bowers
5430 LBJ Freeway, Suite 1700                         President & CEO
Dallas, Texas 75240                                  Tel. 864-286-1122

COMPX REPORTS FOURTH QUARTER AND FULL YEAR 2004 OPERATING RESULTS

Dallas,  TEXAS ...  March 30, 2005 ...  CompX  International  Inc.  (NYSE:  CIX)
announced today sales from continuing operations of $46.6 million for the fourth
quarter of 2004 and income from continuing  operations of $1.4 million, or $0.09
per diluted  share.  Sales  increased 2% from $45.7 million from the  comparable
2003 quarter.  For the fourth quarter of 2003, the Company also reported  income
from continuing  operations of $1.4 million,  or $0.09 per diluted share. Due to
an increased  proportion of  foreign-sourced  dividend  income taxed at a higher
effective tax rate, the results for the fourth  quarter of 2004 were  negatively
impacted by an increase in the Company's  effective  income tax rate as compared
to the  effective  tax rate for the same period of 2003.  Net sales for the year
ended  December  31,  2004  increased  5% to $182.6  million  compared to $174.0
million the previous year. Income from continuing  operations for 2004 increased
64% to $9.5 million,  or $0.63 per diluted share,  compared to $5.8 million,  or
$0.38 per diluted share in 2003. The sales  increases were primarily  related to
increases in certain  precision  slide and  ergonomic  products  surcharges  and
prices to recover the dramatic rise in raw material  prices for steel during the
year,  and to a lesser extent the positive  impact of the  strengthening  of the
Canadian dollar in relation to the U.S. dollar.

"We are  extremely  pleased with the  improvement  in earnings  from  continuing
operations  this year,"  commented  David A. Bowers,  President & CEO. "The hard
work  of our  employees  over  the  last  several  years  in  addressing  market
challenges  and  cost  reduction  initiatives  paid  off  in  2004  as  we  made
significant progress in improving operating results."

Operating  income  increased  from $2.2 million in the fourth quarter of 2003 to
$3.5 million in the fourth quarter of 2004.  Operating income for the year ended
December  31, 2004  increased  to $15.7  million as compared to $9.5 million for
2003. The  improvements in operating  income were due to the favorable impact of
cost  improvement  initiatives,  partially  offset  by the  negative  impact  of
increases  in the cost of steel,  the primary  raw  material  for the  Company's
products.

During the fourth  quarter of 2004,  CompX  formalized  a plan to dispose of its
Thomas Regout precision slide and window furnishings operations conducted at its
facility in the  Netherlands.  Such  operations  met all of the  criteria  under
accounting  principles  generally accepted in the United States of America to be
classified as an asset held for sale at December 31, 2004, and  accordingly  the
results of  operations of Thomas  Regout have been  classified  as  discontinued
operations  for all  periods  presented,  and the  related  net assets of Thomas
Regout  are  classified  as "held for  sale." In  classifying  the net assets of
Thomas Regout as held for sale, the Company  concluded that the carrying  amount
of the net assets of such  operations  exceeded  the  estimated  fair value less
costs to sell of such  operations,  and  accordingly  the Company  recognized  a
pre-tax  impairment  charge in the  quarter of  approximately  $14.4  million to
write-down  its  investment in Thomas  Regout to the  estimated  net  realizable
value.  On January  24,  2005,  CompX  completed  the sale of its Thomas  Regout
operations for  approximately  $22.6 million in net proceeds which included cash
(net of expenses) of  approximately  $18.4 million at closing and a subordinated
note for approximately $4.2 million payable over a period of four years. The net
proceeds from the sale of Thomas Regout  approximated  the net realizable  value
previously estimated.

Mr.  Bowers  further  commented,  "The sale of our Thomas  Regout  operations in
Europe to local  management is a significant  step forward in bringing  focus to
our  precision  slide  business  in North  America  and  Asia.  Under  the CompX
Precision Slides banner,  manufacturing facilities in Kitchener, Canada, Taipei,
Taiwan and Byron Center,  Michigan, will coordinate activities of common product
lines to maximize collaboration with our customers on products that bring unique
solutions to their  precision slide needs.  Additionally,  we expect to redeploy
personnel resources and the proceeds from the sale of Thomas Regout by investing
in areas that will provide new opportunities for growth and diversification."

He concluded,  "2004 was a year of transition for CompX as management dealt with
the  extraordinary  escalation in raw material costs and the continued threat of
low priced foreign competition.  We believe with the initiation of our Precision
Slides  group,  renewed  emphasis on the  development  and  introduction  of new
products across all of our businesses,  continued  emphasis on  opportunities to
improve our cost  structure  together with our strong  balance  sheet,  has well
positioned the Company for profitable growth in 2005 and beyond.

Liquidity and Cash Flow
Cash  provided by operating  activities  improved to $30.2  million for the year
compared to $24.4 million in the prior year. The improvement in cash provided by
operating  activities  was  primarily  due to the  improvement  in  income  from
continuing  operations.  Total cash was $21.0  million as of  December  31, 2004
compared to $21.7 million as of December 31, 2003, while total debt declined $26
million  over the same period.  The Company  currently  has no debt  outstanding
under its bank revolving line of credit.

About CompX International
CompX is a leading  manufacturer  of  precision  ball bearing  slides,  security
products  and  ergonomic  computer  support  systems.  It  operates  from  seven
locations in the U.S., Canada and Taiwan and employs more than 1,400 people.

Statements in this release relating to matters that are not historical facts are
forward-looking  statements based upon management's belief and assumptions using
currently  available  information.  Although  CompX  believes  the  expectations
reflected in such forward-looking  statements are reasonable, it cannot give any
assurances that these expectations will prove to be correct. Such statements, by
their  nature,   involve   substantial  risks  and   uncertainties   that  could
significantly  impact expected  results,  and actual future results could differ
materially from those described in such forward-looking statements.  While it is
not  possible to identify all  factors,  CompX  continues to face many risks and
uncertainties.  Among the factors  that could  cause  actual  future  results to
differ  materially  include,  but are  not  limited  to,  general  economic  and
political conditions,  demand for office furniture,  service industry employment
levels,  competitive  products  and prices,  fluctuations  in currency  exchange
rates, the introduction of trade barriers, potential difficulties in integrating
completed  acquisitions,   negotiations  with  employee  and  government  groups
relating to  employee  severance,  the timing and amount of future cost  savings
from restructuring  actions, the ability to sustain or increase operating income
improvement  resulting from cost control initiatives,  uncertainties  associated
with new  product  development  and other  risks and  uncertainties  detailed in
CompX's Securities and Exchange Commission filings.  Should one or more of these
risks materialize (or the consequences of such a development  worsen), or should
the  underlying  assumptions  prove  incorrect,   actual  results  could  differ
materially  from those  forecast or expected.  CompX  disclaims any intention or
obligation to publicly update or revise such  statements  whether as a result of
new information, future events or otherwise.

* * * * *

COMPX INTERNATIONAL INC.
SUMMARY OF CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share
amounts) (Unaudited)

Three months ended                   Year ended
December 31,                     December 31,
2003             2004            2003           2004  
------------------------        ------------------------

Net sales                                     $  45.7          $  46.6        $  174.0      $   182.6

Cost of goods sold                               38.1             36.4           142.9          142.8
------------------------        -----------------------

Gross profit                                      7.6             10.2            31.1           39.8

Selling, general and administrative               5.4              6.7            21.6           24.1
------------------------        -----------------------

Operating income (loss)                           2.2              3.5             9.5           15.7

Interest expense                                 (0.3)            (0.1)           (1.3)          (0.5)

Other income (expense)                            0.4              0.7             1.0            2.1
------------------------        -----------------------

Income from continuing operations

before income taxes                          2.3              4.1             9.2           17.3

Income tax expense                                0.9              2.7             3.4            7.8
------------------------        -----------------------

Income from continuing operations                 1.4              1.4             5.8            9.5

Discontinued operations, net of tax              (0.6)           (13.1)           (4.5)         (12.5)
-------------------------       ------------------------

Net income (loss)                             $   0.8          $ (11.7)       $    1.3        $  (3.0)
=========================       ========================

Net income (loss) per diluted common share
Continuing operations                    $    0.09        $  0.09        $    0.38       $  0.63
Discontinued operations                      (0.04)         (0.86)           (0.30)        (0.83)
-------------------------       ------------------------

$    0.05        $ (0.77)       $    0.08       $ (0.20)
=========================       ========================

Weighted average diluted common
shares outstanding                             15.1             15.1            15.1           15.2
========================        =======================

COMPX INTERNATIONAL INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)

December 31,        December 31,
2003                2004     
-----------------     --------------
Assets                                                 (Unaudited)

Current assets:

Cash and equivalents                                     $      19.6          $      16.8

Accounts receivable, net                                        21.4                 19.2

Inventories                                                     21.0                 20.8

Prepaid expenses and other                                       5.5                  2.9

Assets held for sale                                            12.7                 18.0
-----------          -----------

Total current assets                                        80.2                 77.7

Intangibles                                                        30.7                 30.7

Net property and equipment                                         73.5                 66.1

Assets held for sale                                               25.9                 11.0

Other assets                                                        0.4                  0.2
-----------          -----------

Total assets                                       $     210.7          $     185.7
===========          ===========

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable and accrued liabilities                 $      17.4          $      17.7

Income taxes                                                     -                    2.7

Liabilities related to assets held for sale                      7.0                  5.0
-----------          -----------

Total current liabilities                                   24.4                 25.4

Long-term debt                                                     26.0                  0.1

Other noncurrent liabilities                                        5.9                  4.9

Stockholders' equity                                              154.4                155.3
-----------          -----------

Total liabilities and stockholders' equity         $     210.7          $     185.7
===========          ===========