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: October 29, 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 9:  Regulation FD Disclosure
Item 12: Results of Operations and Financial Condition

Pursuant  to  Items 9 and 12 of this  current  report,  the  registrant
hereby  furnishes  the  information  set  forth in the press  release  issued on
October  29,  2003,  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.

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:  October 30, 2003

INDEX TO EXHIBITS

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

99.1              Press release dated October 29, 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 THIRD QUARTER 2003 OPERATING
RESULTS AND RESTRUCTURING CHARGE

Dallas,  TEXAS ... October 29, 2003 ... CompX  International  Inc.  (NYSE:  CIX)
announced  today sales of $52.5  million  for the third  quarter of 2003 and net
loss of $400,000,  or $0.03 per diluted  share.  This  represents an increase in
sales of 8% from $48.8 million in the year ago quarter. The Company reported net
income of $200,000,  or $0.02 per diluted share, for the comparable 2002 period.
The   Company's   results  for  the  third   quarter  2003  included  a  pre-tax
restructuring  charge of $3.5 million ($2.0 million, or $0.13 per diluted share,
net of income tax benefit) relating to a formal headcount  reduction plan at the
company's  Maastricht,  the Netherlands  manufacturing  facility.  Excluding the
restructuring  charge, net income for the quarter was $1.6 million, or $0.10 per
diluted share.

In addition to the  restructuring  charge,  CompX's results in the third quarter
2003 as compared to the third quarter of 2002 were impacted by  fluctuations  in
currency exchange rates which favorably impacted net sales by $2.0 million,  but
negatively impacted operating income by $1.3 million. The impact on net sales is
primarily due to relative  changes in the U.S.  dollar exchange rate to 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 nine-month period ended September 30, 2003 were $153.3 million
compared to $148.4  million for the first nine months of the previous  year. Net
income for the  nine-month  period was  $500,000,  or $0.03 per  diluted  share,
compared  to $2.4  million,  or $0.16 per  diluted  share for the same period in
2002.  Excluding  the  restructuring  charge and the  previously-reported  first
quarter 2002 pension  curtailment  gain, net income for the nine-month period of
2003 was $2.5 million or $0.16 per diluted  share as compared to $2.0 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 $6.3 million in the nine-month  period ending September 30, 2003 as
compared to the same period in 2002, but negatively impacted operating income by
$2.6 million.

"Our gross profit  percentage for the quarter  improved to 18.4% from 15.7% last
year, as the cost control  initiatives  we have been working on over the last 12
months have begun to be realized,"  commented David A. Bowers,  President & CEO.
"We are also  encouraged by the increase in sales for the quarter over last year
but remain cautious  regarding the pace of the economic  recovery and its impact
on our customers.  The action taken at our  Netherlands  manufacturing  facility
that resulted in the  restructuring  charge was a painful but necessary  step in
helping to return that business to profitability."

Security Products Segment
The CompX Security  Products  segment  experienced a 1% decrease in net sales in
the third  quarter of 2003 to $18.8  million  compared to the same  quarter last
year of $19.0  million.  However,  operating  income  increased by 29% from $2.2
million to $2.9  million  primarily  due to  efforts  to  improve  manufacturing
efficiencies  that  resulted  in  reductions  in  manufacturing  costs  for this
segment.  Operating income was 15.2% of net sales for the third quarter of 2003,
which  compares  favorably  to  operating  income  of 11.7% of net sales for the
comparable  prior  period.  Net sales on a  year-to-date  basis for the Security
Products segment are down less than 1% from the prior year to $56.1 million from
$56.5 million. However, operating income improved 12.7% to $7.6 million compared
to $6.7 million in 2002.

Waterloo Segment
Net sales for the CompX Waterloo segment increased 11.3% to $25.3 million in the
third  quarter  of 2003 from $22.7  million in the third  quarter in 2002 as the
favorable effect of relative changes in currency exchange rates and higher slide
products volume more than offset the impact of lower ergonomic  products volume.
Favorable  changes in  currency  exchange  rates from the third  quarter of 2002
accounted for approximately one-third of the increase in net sales. Net sales on
a  year-to-date  basis  increased  slightly  from $70.0 million in 2002 to $72.0
million in 2003, with changes in currency  exchange rates  accounting for all of
the increase. Operating income for this segment improved from a loss of $800,000
in the third  quarter  of 2002 to income of  $300,000  for the third  quarter of
2003, and improved from  break-even in the first nine months of 2002 compared to
income of $200,000 in the first nine months of 2003, as the favorable  impact of
cost control  initiatives  and higher slide products volume more than offset the
unfavorable  impact of lower ergonomic  products volume (which  generally have a
higher margin than slide products), relative changes in currency exchange rates,
and plant  consolidation  costs.  Relative changes in foreign currency  exchange
rates negatively  impacted  operating  income by  approximately  $900,000 in the
third quarter of 2003  compared to the same period in 2002,  and by $1.9 million
in the year-to-date period.

Regout Segment
Net sales for the CompX Regout  segment  increased  18.9% to $8.4 million in the
third quarter of 2003 from $7.1 million in the third quarter of 2002. Changes in
currency   exchange   rates  from  the  third  quarter  of  2002  accounted  for
substantially all of the increase.  For the first nine months of 2003, net sales
increased  14.9% to $25.2 million as compared to $21.9 million in the first nine
months of 2002, as the favorable  effect of  fluctuations  in currency  exchange
rates was partially  offset by decreases in precision  slide shipments to office
furniture manufacturers. The operating loss for this segment of $3.5 million for
the third  quarter of 2003,  compared to an operating  loss of $100,000 in 2002,
reflects the  previously  mentioned  restructuring  charge of $3.5 million and a
negative currency exchange rate fluctuation impact of $400,000, partially offset
by an increase in sales volume. The year-to-date operating loss for this segment
was $5.4  million,  compared to a loss of $200,000  for the 2002  period,  which
reflects the previously  mentioned  restructuring  charge,  a negative  currency
exchange rate fluctuation impact of $700,000 and lower precision slide shipments
to office furniture manufacturers.

Mr. Bowers further commented, "We currently expect approximately $3.5 million to
$4.0 million in annual cost savings to be realized from the restructuring action
at Regout,  which we  anticipate  will begin to  positively  impact our  results
during the second  quarter of 2004.  We  continue to  evaluate  other  potential
efficiency  initiatives and strategic  alternatives at Regout, some of which may
result in additional charges."

He concluded,  "While the current business environment continues to pose ongoing
challenges,  we are building on the progress we have made over the last year and
remain optimistic about the  opportunities  ahead of us. We continue to focus on
improving efficiency in all areas of the business,  including reducing costs and
actively  managing  working  capital,   and  we  are  accelerating  new  product
development  activities  that are  anticipated to position the Company to better
address new sales opportunities expected to surface as the economy improves."

Liquidity and Cash Flow
Cash  provided by operating  activities  improved to $14.1 million for the first
nine months  compared to $9.4 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
$9.9  million in the first nine months of 2002 to $7.9  million in the same 2003
period.  The capital  spending for the first nine months of 2002 was higher than
the same period in 2003  primarily  due to the purchase of equipment to increase
manufacturing  capacity in response to specific customer contracts.  The Company
improved  total cash to $17.8 million as of September 30, 2003 compared to $12.4
million as of December 31, 2002,  while total debt  declined $1 million over the
same period.

Non-GAAP Measurements
In addition to the results  provided  throughout  this  document  calculated  in
accordance with  accounting  standards  generally  accepted in the United States
("GAAP"), the Company has provided non-GAAP measurements,  which present results
on a basis excluding the restructuring  charge and pension curtailment gain. The
Company has provided these non-GAAP  measurements as a measure to help investors
better  understand its core operating  performance  from period to period and to
allow  appropriate  comparisons of the Company's  operating  performance.  Among
other things,  the Company's  management  uses the non-GAAP  operating  results,
excluding the restructuring charge and pension curtailment gain, to evaluate the
performance of its business operations. Investors should consider these non-GAAP
measures in addition  to, and not in  substitution  for, or as superior  to, the
measures of financial performance prepared in accordance with GAAP.

The following  table provides a  reconciliation  of GAAP net income and earnings
per share to net income  and  earnings  per share  excluding  the  restructuring
charge and pension curtailment gain:

Third Quarter            Nine months
(Dollars in millions, except per share data)                         2002        2003          2002       2003
----------------------------------------------------------------------------------------------------------------

GAAP net income (loss)                                            $    0.2    $   (0.4)     $    2.4    $    0.5
Adjustments:
Restructuring charge                                                   -           3.5                       3.5
Pension curtailment gain                                               -           -            (0.7)        -
Income tax expense (benefit)                                           -          (1.5)          0.3        (1.5)
--------    ---------     ---------   ---------
Adjusted net income                                               $    0.2    $    1.6      $    2.0    $    2.5 
========    =========     =========   =========
Adjusted net income per share                                     $   0.02    $  0.10       $   0.14    $  0.16  
========    ========      ========    =========
Shares used in computing basic and diluted
adjusted net income per share                                15.1        15.1          15.1        15.1 
========    =========     ========    =========

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, the Netherlands and Taiwan and employs more than
1,900 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                Nine months ended
September 30,                    September 30,
2002 2003                        2002 2003 

Net sales                                     $  48.8          $  52.5        $  148.4      $   153.3

Cost of goods sold                               41.2             42.8           121.3          126.9
------------------------        -----------------------

Gross profit                                      7.6              9.7            27.1           26.4

Selling, general and administrative               6.4              6.5            20.6           20.5

Restructuring expense                             -                3.5             -              3.5
------------------------        -----------------------

Operating income (loss)                           1.2             (0.3)            6.5            2.4

Interest expense                                 (0.3)            (0.3)           (1.6)          (1.0)

Other income (expense)                            0.1             (0.1)           (0.1)          (0.5)
-------------------------       ------------------------

Income (loss) before income taxes                 1.0             (0.7)            4.8            0.9

Income tax expense (benefit)                      0.8             (0.3)            2.4            0.4
-------------------------       -----------------------

Net income (loss)                             $   0.2          $  (0.4)       $    2.4        $   0.5
=========================       =======================

Net income (loss) per diluted
common share                                $  0.02          $ (0.03)       $   0.16        $  0.03
=========================       =======================

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

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

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

Current assets:

Cash and equivalents                                       $      12.4          $      17.8

Accounts receivable, net                                          22.9                 26.0

Inventories                                                       28.9                 28.6

Prepaid expenses and other                                         7.1                  5.7
-----------          -----------

Total current assets                                             71.3                 78.1

Intangibles                                                        42.9                 44.1

Net property and equipment                                         85.2                 84.5

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

Total assets                                             $     200.1          $     207.1
===========          ===========

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable and accrued liabilities                   $      21.3          $      24.1

Accrued income taxes and other                                     0.8                  0.9
-----------          -----------

Total current liabilities                                        22.1                 25.0

Long-term debt                                                     31.0                 30.0

Other non-current liabilities                                       5.0                  2.4

Stockholders' equity                                              142.0                149.7
-----------          -----------

Total liabilities and stockholders' equity               $     200.1          $     207.1
===========          ===========