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: August 4, 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) 233-1700
(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 August 4, 3003
issued by CompX International Inc.

Item 9:  Regulation FD Disclosure

The registrant  hereby furnishes the information set forth in the press
release issued on August 4, 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:  August 4, 2003

INDEX TO EXHIBITS

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

99.1              Press release dated August 4, 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 SECOND QUARTER
2003 OPERATING RESULTS

Dallas,  TEXAS ...  August 4, 2003 ...  CompX  International  Inc.  (NYSE:  CIX)
announced  today net sales for the second  quarter of 2003 of $49.7  million and
net income of $300,000, compared to net sales of $51.0 million and net income of
$800,000  for the  comparable  2002 period.  Second  quarter 2003 net income per
diluted share was $0.02 as compared to $0.05 second  quarter 2002 net income per
diluted share.

CompX's  results in the second quarter 2003 as compared to the second quarter of
2002 were impacted by  fluctuations  in currency  exchange rates which favorably
impacted net sales by $1.9 million,  but negatively impacted operating income by
$1.3 million ($0.05 per diluted share, net of income tax benefit). The impact on
net sales is primarily due to relative  changes in the U.S. dollar exchange rate
to both the euro and the  Canadian  dollar.  The impact on  operating  income is
primarily due to the effect of relative changes in the exchange rate between the
U.S. dollar and the Canadian dollar on the Company's Canadian operations,  where
the majority of net sales are denominated in U.S.  dollars while the majority of
expenses are denominated in Canadian dollars.

Net sales for the  six-month  period  ended June 30,  2003 were  $100.7  million
compared to $99.6  million for the first six months of the  previous  year.  Net
income  for the  six-month  period was  $900,000,  or $0.06 per  diluted  share,
compared  to $2.2  million,  or $0.14 per  diluted  share for the same period in
2002.

The fluctuations in currency  exchange rates discussed above favorably  affected
net sales by $3.6  million  in the  six-month  period  ending  June 30,  2003 as
compared to the same period in 2002, but negatively impacted operating income by
$1.9 million ($0.07 per diluted share, net of income tax benefit).

"The substantial  completion of the plant  consolidation in Kitchener,  Ontario,
Canada,  during the second quarter of 2003 marked another important step forward
for the Company in  addressing  the ongoing  soft demand  conditions  in our key
markets  through  improved  operating  efficiency,"  commented  David A. Bowers,
President & CEO. "The  retooled  Byron Center  facility,  which was completed in
January,  continues  to achieve  improved  operating  results in relation to the
comparable  prior year period as well as in comparison to the previous  quarter.
Completion of these two cost improvement  initiatives  facilitates the Company's
ability to address future North American  precision slide and ergonomic  product
opportunities."

The CompX Security  Products  segment  experienced a 2% decrease in net sales in
the second  quarter of 2003 to $18.8  million  compared to the same quarter last
year; however, operating income increased by 4% to $2.5 million primarily due to
efforts to improve  manufacturing  efficiencies that have resulted in reductions
in manufacturing costs for this segment. Operating income was 13.1% of net sales
for the second quarter of 2003 which compares  favorably to operating  income of
12.3% of net sales for the comparable prior period.  Net sales on a year-to-date
basis for the security products segment are down slightly from the prior year to
$37.3 million however operating profit as a percentage of net sales increased to
12.6% compared to 12% for the same period in 2002.

Net sales for the CompX  Waterloo/Regout  segment in the second  quarter of 2003
decreased  2.7% in  comparison  to the prior year.  Excluding  the impact of the
change in currency  exchange  rates from the second  quarter of 2002,  net sales
declined  8.8%. Net sales on a year-to-date  basis  increased  slightly to $63.5
million. However,  excluding the impact of the change in currency exchange rates
from the same period in 2002, net sales  declined 3.7%. The net sales  decreases
compared to the prior year periods are  primarily  attributable  to decreases in
precision   slide  and   ergonomic   product   shipments  to  office   furniture
manufacturers.  The  declines  in sales are  consistent  with the  report of the
Business and Institutional Furniture  Manufacturer's  Association (BIFMA), which
indicated that North American office furniture  shipments were down 8.5% for the
first five months of 2003.  The operating  loss for this segment of $1.6 million
for the second  quarter of 2003 reflects the negative  impact of the  previously
mentioned $1.3 million currency exchange rate fluctuation as well as by relative
changes in product mix, lower European operating results and plant consolidation
costs.  Year-to-date  operating  loss for this segment was $2.0  million,  which
reflects the negative impact of the previously  mentioned $1.9 million  currency
exchange  rate  fluctuation  as well as by  relative  changes in product  mix, a
decline in the European operating results and plant consolidation costs.

Mr. Bowers continued, "Results of our European Thomas Regout operations continue
to be  adversely  impacted by the recent  significant  downturn in the  European
office furniture market.  In response,  a strategic review has been initiated to
evaluate alternatives for rationalizing these operations.  This analysis,  which
is expected to be completed by the end of the third quarter of 2003,  may result
in charges for asset impairment,  including  goodwill,  and other  restructuring
charges during the second half of 2003."

He  concluded,  "We are  encouraged by the  continuing  strength in our security
products segment, even though in the current economic  environment,  significant
challenges remain in the markets we serve. We are confident that the investments
being made to address  capacity and cost issues in the North American  precision
ball  bearing  slide  area,  the  continued  development  of  our  Taiwan  slide
production capability, as well as the introduction of new products to strengthen
our ergonomic  product offering are appropriate  measures to address the current
market environment and provide  flexibility for the future.  Throughout the past
three  years of market  difficulty,  our balance  sheet has enabled  spending on
growth and  profitability  improvement  initiatives  and continues to provide us
with the ability to take advantage of new business opportunities as they arise."

Cash provided by operating activities improved to $8.4 million for the first six
months  compared  to $7.8  million  in the same  period in the prior  year.  The
improvement  in cash  provided by  operating  activities  was  primarily  due to
efficient  management of working capital.  Capital  expenditures  decreased from
$7.5  million in 2002 to $4.2  million in 2003.  The 2002  capital  spending was
higher  than  2003  primarily  due to the  purchase  of  equipment  to  increase
manufacturing capacity in response to specific customer contracts. The Company's
cash position remains strong totaling $13.6 million as of June 30, 2003 compared
to $11.1  million as of June 30, 2002.  During the quarter  ended June 30, 2003,
the Company reduced its revolving bank debt by $2.0 million.

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,   negotiations  with  employee  and  government  groups
relating to employee  severance  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 INCOME (In millions, except per share
amounts) (Unaudited)

Three months ended                Six months ended

June 30,                         June 30,

2002             2003            2002           2003  
------------------------        ------------------------

Net sales                                     $  51.0          $  49.7        $   99.6        $ 100.7

Cost of goods sold                               41.3             41.8            80.1           84.0
------------------------        -----------------------

Gross profit                                      9.7              7.9            19.5           16.7

Selling, general and administrative               7.1              7.1            14.3           14.0
------------------------        -----------------------

Operating income                                  2.6              0.8             5.2            2.7

Interest expense                                 (0.7)            (0.3)           (1.3)          (0.6)

Other expense                                    (0.4)             -              (0.2)          (0.5)
------------------------        ------------------------

Income before income taxes                        1.5              0.5             3.7            1.6

Income tax expense                                0.7              0.2             1.5            0.7
------------------------        -----------------------

Net income                                    $   0.8          $   0.3        $    2.2        $   0.9
========================        =======================

Net income per diluted
common share                                $  0.05          $  0.02        $   0.14        $  0.06
========================        =======================

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

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

December 31,          June 30,
2002                2003     
-----------------     --------------
Assets                                                 (Unaudited)

Current assets:

Cash and equivalents                                     $      12.4          $      13.6

Accounts receivable, net                                        22.9                 24.4

Inventories                                                     28.9                 30.6

Prepaid expenses and other                                       7.1                  7.2
-----------          -----------

Total current assets                                          71.3                 75.8

Net property and equipment                                         85.2                 87.0

Intangibles                                                        42.9                 44.0

Other assets                                                        0.7                  0.4
-----------          -----------

Total assets                                         $     200.1          $     207.2
===========          ===========

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable and accrued liabilities                 $      21.3          $      22.9

Accrued income taxes and other                                   0.8                  1.0
-----------          -----------

Total current liabilities                                     22.1                 23.9

Long-term debt                                                     31.0                 30.0

Other non-current liabilities                                       5.0                  3.8

Stockholders' equity                                              142.0                149.5
-----------          -----------

Total liabilities and stockholders' equity           $     200.1          $     207.2
===========          ===========