SECURITIES AND EXCHANGE COMMISSION

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: April 23, 2003

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) 448-1400
(Registrant's telephone number, including area code)

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

Item 7:  Financial Statements, Pro Forma Financial Information and Exhibits

(c)  Exhibit

Item No.          Exhibit Index
----------        ----------------------------------------
99.1              Press release dated April 23, 2003 issued by 
CompX International Inc.

Item 9:  Regulation FD Disclosure

The  registrant  hereby  furnishes the  information  set forth in the press
release issued on April 23, 2003, a copy of which is attached  hereto as Exhibit
99.1 and  incorporated  herein  by  reference.  The  registrant  furnishes  this
information  under this Item 9 and under  "Item 12.  Results of  Operations  and
Financial  Condition,"  pursuant  to  the  interim  guidance  contained  in  the
Securities  and  Exchange  Commission  Release  34-47583  promulgated  under the
Securities  Exchange Act of 1934, as amended (the "Exchange  Act"),  among other
statutes.

The information,  including the exhibit,  the registrant  furnishes in this
report is not deemed  "filed" for  purposes of section 18 of the Exchange Act 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.

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:  April 23, 2003

INDEX TO EXHIBITS

Exhibit No.     Description
----------      ----------------------------------------------------------------
99.1            Press release dated April 23, 2003 issued by CompX International
Inc.

[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 FIRST QUARTER 2003 OPERATING RESULTS

Dallas,  TEXAS ... April 23, 2003 ... CompX  International Inc. (NYSE: CIX)
announced today net sales for the first quarter of 2003 of $51.0 million and net
income of $600,000 compared to net sales of $48.6 million and net income of $1.3
million  for the  comparable  2002  period.  First  quarter  2003 net income per
diluted share was $0.04 as compared to first quarter 2002 net income per diluted
share of $0.09.

The primary items  affecting  CompX's  results in the first quarter 2003 as
compared to the first quarter of 2002 are: o Fluctuations  in currency  exchange
rates  favorably  impacted net sales by $1.7 million,  but  negatively  impacted
operating  income by  $600,000  ($0.02  per  diluted  share,  net of income  tax
benefit). The impact on net sales is primarily due to relative changes in the US
dollar to euro exchange rate. The impact on operating income is primarily due to
the effect of relative changes in the US dollar to Canadian dollar exchange rate
on the Canadian  operations,  where the majority of net sales are denominated in
US dollars and the majority of expenses are denominated in Canadian  dollars.  o
The consolidation of the two plants in Kitchener,  Ontario that commenced in the
first quarter of 2003 resulted in $400,000 of expenses included in cost of goods
sold ($0.02 per diluted share, net of income tax benefit). This consolidation is
currently  expected to be  completed  by the end of the second  quarter of 2003.
Expenses  associated with the  consolidation  are anticipated to be lower in the
second quarter of 2003, and the benefits are expected to begin to be realized in
the second half of 2003.

"While we are  encouraged by the favorable  trend in net sales in the first
quarter of 2003 as compared to the first  quarter of 2002, it is still too early
to determine  if this trend will  continue  throughout  the year as the economic
environment of major customers  continues to lack stability,"  commented David A
Bowers,  President & CEO.  "Progress  was made during the first quarter with our
cost structure  initiatives as the Kitchener,  Ontario plant consolidation nears
completion.  Additional cost evaluations are under review, which could result in
charges for asset impairment and other costs in future quarters."

The CompX Security Products segment  experienced a 1% increase in net sales
in the first quarter of 2003 over the same quarter last year. However, operating
income  declined  slightly  primarily  due to relative  changes in product  mix.
Performance in this segment continues to be a strong  contributor with operating
income of 12% of net sales,  due in part to the broad  scope of  markets  served
with our various lock products.

Net sales for the CompX  Waterloo/Regout  segment  in the first  quarter of
2003  increased  7% in  comparison  to the prior year.  Approximately  6% of the
increase is  attributable to currency  exchange rate  differences as compared to
rates in effect  during  the first  quarter of 2002.  Operating  income for this
segment was  negatively  impacted by relative  changes in product mix as well as
the  previously  mentioned  $600,000  currency  exchange  rate  impact and plant
consolidation costs.

Mr. Bowers concluded,  "We are optimistic that rationalization  initiatives
begun  in 2002  and  during  the  first  half of 2003,  along  with our  prudent
management  of capital  expenditures  and  working  capital,  will  continue  to
strengthen our financial position and will provide us the opportunity to improve
profitability in future quarters of this challenging economic environment."

CompX is a leading manufacturer of precision ball bearing slides,  security
products and ergonomic computer support systems.

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 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 OPERATIONS
(In millions, except per share amounts)
(Unaudited)

Three months ended
March 31,
----------------------------
2002               2003
----------------------------

Net sales                                           $  48.6            $  51.0

Cost of goods sold                                     38.9               42.2  
----------------------------

Gross profit                                            9.7                8.8

Selling, general and administrative                     7.2                7.0  
----------------------------

Operating income                                        2.5                1.8

Interest expense                                       (0.7)              (0.3)

Interest income                                         0.2                0.1

Currency exchange loss                                 (0.3)              (0.6)

Other income (expense)                                  0.4                -    
----------------------------

Income before income taxes                              2.1                1.0

Income tax expense                                      0.8                0.4  
----------------------------

Net income                                          $   1.3            $   0.6  
============================

Net income per diluted common share                 $   0.09           $   0.04 
============================

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