SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

                  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934





For the quarter ended March 31, 2006            Commission file number 1-13905
                      --------------                                   -------




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




           Delaware                                       57-0981653
-------------------------------                     --------------------------
(State or other jurisdiction of                          (IRS Employer
         organization) Identification No.)


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



Registrant's telephone number, including area code:   (972) 448-1400
                                                      --------------


Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months and (2) has been subject to such filing requirements for
the past 90 days. Yes X No

Indicate by check mark whether the Registrant is a large  accelerated  filer, an
accelerated  filer, or a non-accelerated  filer (as defined in Rule 12b-2 of the
Exchange Act). Large accelerated filer Accelerated filer  Non-accelerated  filer
X.

Indicate by check mark whether the Registrant is a shell company (as defined in
     Rule 12b-2 of the Exchange Act). Yes No X .

Number of shares of common stock outstanding on April 26, 2006:
        Class A:   5,234,280
        Class B:  10,000,000



<PAGE>


                            COMPX INTERNATIONAL INC.

                                      INDEX




                                                                         Page
                                                                        number

Part I.          FINANCIAL INFORMATION

  Item 1.        Financial Statements.

                 Consolidated Balance Sheets - December 31, 2005;
                  March 31, 2006 (Unaudited)                              3-4

                 Consolidated Statements of Income -
                  Three months ended March 31, 2005 and 2006 (Unaudited)  5

                 Consolidated Statements of Comprehensive Income -
                  Three months ended March 31, 2005 and 2006 (Unaudited)  6

                 Consolidated Statements of Cash Flows -
                  Three months ended March 31, 2005 and 2006 (Unaudited)  7

                 Consolidated Statement of Stockholders' Equity -
                  Three months ended March 31, 2006 (Unaudited)           8

                 Notes to Consolidated Financial Statements (Unaudited)   9-15

  Item 2.        Management's Discussion and Analysis of Financial
                  Condition and Results of Operations.                    16-20

  Item 3.        Quantitative and Qualitative Disclosure About
                  Market Risk                                             20


  Item 4.        Controls and Procedures.                                 20-21

Part II.         OTHER INFORMATION

  Item 1A.       Risk Factors                                             22

  Item 2.        Unregistered Sales of Equity Securities and Use of
                  Proceeds                                                22

  Item 3.        Defaults Upon Senior Securities                          22

  Item 4.  Submission of Matters to a Vote of Security Holders            22

  Item 5.        Other Information                                        22

  Item 6.        Exhibits.                                                22


                                      - 2 -

<PAGE>


                            COMPX INTERNATIONAL INC.

                           CONSOLIDATED BALANCE SHEETS

                                 (In thousands)


<TABLE>
<CAPTION>
               ASSETS                                                            December 31,          March 31,
                                                                                     2005                2006
                                                                                 -----------          -----------
                                                                                 (Unaudited)
 Current assets:
<S>                                                                                 <C>                  <C>
   Cash and cash equivalents                                                        $ 30,592             $ 28,540
   Accounts receivable, net                                                           20,609               22,733
   Receivables from affiliates                                                           620                  300
   Refundable income taxes                                                               401                  850
   Inventories                                                                        22,538               22,005
   Prepaid expenses and other                                                          1,496                  945
   Deferred income taxes                                                               1,903                1,902
   Current portion of note receivable                                                  2,612                2,612
                                                                                    --------             --------

       Total current assets                                                           80,771               79,887
                                                                                    --------             --------

 Other assets:
   Goodwill                                                                           35,678               35,753
   Other intangible assets                                                             2,317                2,221
   Note receivable                                                                     1,567                1,567
   Other                                                                                 230                  385
                                                                                    --------             --------

       Total other assets                                                             39,792               39,926
                                                                                    --------             --------

 Property and equipment:
   Land                                                                                7,868                8,559
   Buildings                                                                          31,165               31,648
   Equipment                                                                         107,333              109,447
   Construction in progress                                                            2,015                3,525
                                                                                    --------             --------
                                                                                     148,381              153,179

   Less accumulated depreciation                                                      80,392               85,081
                                                                                    --------             --------

       Net property and equipment                                                     67,989               68,098
                                                                                    --------             --------

                                                                                    $188,552             $187,911
                                                                                    ========             ========
</TABLE>


                                      - 3 -


<PAGE>
                            COMPX INTERNATIONAL INC.

                     CONSOLIDATED BALANCE SHEETS (CONTINUED)

                                 (In thousands)


<TABLE>
<CAPTION>
 LIABILITIES AND STOCKHOLDERS' EQUITY                                            December 31,           March 31,
                                                                                    2005                  2006
                                                                                  ----------          -----------
                                                                                                      (Unaudited)
 Current liabilities:
<S>                                                                                <C>                  <C>
   Accounts payable and accrued liabilities                                        $ 19,238             $ 17,306
   Income taxes payable to affiliates                                                   771                2,273
   Income taxes                                                                         327                 -
                                                                                   --------             --------

       Total current liabilities                                                     20,336               19,579
                                                                                   --------             --------

 Noncurrent liabilities:
   Long-term debt and other                                                           1,425                   41
   Deferred income taxes                                                             16,692               17,372
                                                                                   --------             --------

       Total noncurrent liabilities                                                  18,117               17,413
                                                                                   --------             --------

 Stockholders' equity:
   Preferred stock                                                                        -                    -
   Class A common stock                                                                  52                   52
   Class B common stock                                                                 100                  100
   Additional paid-in capital                                                       109,556              109,556
   Retained earnings                                                                 31,320               31,889
   Accumulated other comprehensive income
    - currency translation                                                            9,071                9,322
                                                                                   --------             --------

       Total stockholders' equity                                                   150,099              150,919
                                                                                   --------             --------

                                                                                   $188,552             $187,911
                                                                                   ========             ========
</TABLE>





Commitments and contingencies (Note 1)





          See accompanying notes to consolidated financial statements.
                                     - 4 -

<PAGE>


                            COMPX INTERNATIONAL INC.

                        CONSOLIDATED STATEMENTS OF INCOME

                   Three months ended March 31, 2005 and 2006

                      (In thousands, except per share data)

                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                     2005              2006
                                                                                     ----              ----

<S>                                                                                <C>              <C>
 Net sales                                                                         $46,843          $47,029
 Cost of goods sold                                                                 36,560           35,402
                                                                                   -------          -------

     Gross margin                                                                   10,283           11,627

 Selling, general and administrative expense                                         6,122            6,718

 Other operating income (expense):
   Currency transaction losses, net                                                    (54)             (41)
   Disposition of property and equipment                                                 5              (73)
                                                                                   -------          -------

     Operating income                                                                4,112            4,795

 Other non-operating income, net                                                       210              382
 Interest expense                                                                      (69)             (61)
                                                                                   -------          -------

     Income from continuing operations before
      income taxes                                                                   4,253            5,116

 Provision for income taxes                                                          2,041            2,643
                                                                                   -------          -------

     Income from continuing operations                                               2,212            2,473

 Discontinued operations, net of tax                                                  (477)            -
                                                                                   -------          -------

   Net income                                                                      $ 1,735          $ 2,473
                                                                                   =======          =======

 Basic and diluted earnings (loss) per common share:
   Continuing operations                                                           $   .14          $   .16
   Discontinued operations                                                            (.03)            -
                                                                                   -------          -------

                                                                                   $   .11          $   .16
                                                                                   =======          =======

 Cash dividends per share                                                          $  .125          $  .125
                                                                                   =======          =======

 Shares used in the calculation of basic and diluted
  earnings per share                                                                15,216           15,248
                                                                                   =======          =======
</TABLE>



          See accompanying notes to consolidated financial statements.
                                     - 5 -

<PAGE>


                            COMPX INTERNATIONAL INC.

                 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

                   Three months ended March 31, 2005 and 2006

                                 (In thousands)

                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                       2005              2006
                                                                                       ----              ----


<S>                                                                                     <C>              <C>
Net income                                                                              $1,735           $2,473
                                                                                        ------           ------

Other comprehensive income, net of tax:
  Currency translation adjustment:
    Arising during the period                                                              358              361
    Disposal of business unit                                                              739              -
                                                                                        ------           ------
                                                                                         1,097              361

  Impact from cash flow hedges, net                                                        (75)            (110)
                                                                                        ------           ------

      Total other comprehensive income                                                   1,022              251
                                                                                        ------           ------

      Comprehensive income                                                              $2,757           $2,724
                                                                                        ======           ======
</TABLE>










          See accompanying notes to consolidated financial statements.
                                     - 6 -

<PAGE>

                            COMPX INTERNATIONAL INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                   Three months ended March 31, 2005 and 2006

                                 (In thousands)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                            2005             2006
                                                                                            ----             ----

 Cash flows from operating activities:
<S>                                                                                       <C>               <C>
   Net income                                                                             $  1,735          $  2,473
   Depreciation and amortization                                                             2,707             2,685
   Deferred income taxes:
     Continuing operations                                                                      66               661
     Discontinued operations                                                                  (187)                -
   Other, net                                                                                  877               353
   Change in assets and liabilities:
     Accounts receivable                                                                    (2,341)           (2,124)
     Inventories                                                                               (46)              343
     Accounts payable and accrued liabilities                                                  605            (1,881)
     Accounts with affiliates                                                                  178             1,732
     Income taxes                                                                           (1,734)             (621)
     Other, net                                                                                 87               343
                                                                                          --------          --------

       Net cash provided by operating activities                                             1,947             3,964
                                                                                          --------          --------

 Cash flows from investing activities:
   Capital expenditures                                                                     (5,146)           (2,583)
   Proceeds from disposal of assets held for sale                                           18,094                 -
   Cash of disposed business unit                                                           (4,006)                -
   Other, net                                                                                    6                 7
                                                                                          --------          --------

       Net cash provided (used) by investing activities                                      8,948            (2,576)
                                                                                          --------          --------

 Cash flows from financing activities:
   Indebtedness:
      Principal payments                                                                       (10)           (1,476)
      Deferred financing costs paid                                                            (28)             (105)
   Dividends                                                                                (1,899)           (1,904)
   Issuance of common stock                                                                    191              -
                                                                                         ---------          ---------

       Net cash used by financing activities                                                (1,746)           (3,485)
                                                                                          --------          --------

 Cash and cash equivalents - net change from:
   Operating, investing and financing activities                                              9,149            (2,097)
   Currency translation                                                                         219                45
 Cash and cash equivalents at beginning of period                                            21,037            30,592
                                                                                           --------          --------

 Cash and cash equivalents at end of period                                                $ 30,405          $ 28,540
                                                                                           ========          ========

 Supplemental disclosures:
   Cash paid for:
     Interest                                                                              $     55          $    152
     Income taxes                                                                             2,834               945

   Noncash investing activity - note receivable
     received upon disposal of business unit                                               $  4,179          $   -
</TABLE>


          See accompanying notes to consolidated financial statements.
                                      - 7 -
<PAGE>


                            COMPX INTERNATIONAL INC.

                 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

                        Three months ended March 31, 2006

                                 (In thousands)

                                   (Unaudited)



<TABLE>
<CAPTION>
                                                                                       Accumulated other
                                                                                         comprehensive
                                                                                            income
                                       Common Stock       Additional              ---------------------------      Total
                                      ---------------      paid-in     Retained    Currency         Hedging    stockholders'
                                   Class A    Class B      capital     Earnings   translation      Derivatives    equity
                                   -------    -------     ---------    --------    ---------       -----------   --------

<S>                                   <C>       <C>        <C>          <C>          <C>            <C>          <C>
Balance at December 31, 2005          $52       $100       $109,556     $31,320      $8,961         $  110       $150,099

Net income                             -          -            -          2,473         -              -            2,473

Other comprehensive income, net        -          -            -           -            361           (110)           251

Cash dividends                         -          -            -         (1,904)        -              -           (1,904)
                                      ---       ----       --------     -------      ------         ------       --------

Balance at March 31, 2006             $52       $100       $109,556     $31,889      $9,322         $  -         $150,919
                                      ===       ====       ========     =======      ======         ======       ========
</TABLE>





          See accompanying notes to consolidated financial statements.
                                      - 8 -


<PAGE>

                            COMPX INTERNATIONAL INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                   (Unaudited)

Note 1 - Basis of presentation and accounting principles newly adopted in 2006:

     The consolidated balance sheet of CompX International Inc. and Subsidiaries
(collectively,  the  "Company") at December 31, 2005 has been condensed from the
Company's  audited   consolidated   financial   statements  at  that  date.  The
consolidated balance sheet at March 31, 2006 and the consolidated  statements of
income,  comprehensive  income,  stockholders'  equity  and cash  flows  for the
interim periods ended March 31, 2005 and 2006 have been prepared by the Company,
without audit. In the opinion of management, all adjustments, consisting only of
normal  recurring  adjustments,  necessary  to present  fairly the  consolidated
financial  position,  results of operations  and cash flows have been made.  The
results of operations for the interim periods are not necessarily  indicative of
the  operating  results for a full year or of future  operations.  The  year-end
balance sheet data was derived from audited financial  statements,  but does not
include all disclosures required by accounting  principles generally accepted in
the United States of America ("GAAP").  Certain information normally included in
financial  statements  prepared in  accordance  with GAAP has been  condensed or
omitted.  The accompanying  consolidated  financial statements should be read in
conjunction  with the  Company's  Annual  Report on Form 10-K for the year ended
December 31, 2005 (the "2005 Annual Report").

     Basic earnings per share of common stock is based upon the weighted average
number of  common  shares  actually  outstanding  during  each  period.  Diluted
earnings per share of common stock includes the impact of  outstanding  dilutive
stock options.

     Commitments and contingencies are discussed in the 2005 Annual Report.

     At March 31, 2006,  CompX Group,  Inc., a  majority-owned  subsidiary of NL
Industries, Inc. (NYSE: NL) owned 83% of the Company's outstanding common stock.
NL owns 82% of CompX Group,  and a wholly owned  subsidiary  of Titanium  Metals
Corporation (NYSE:TIE) ("TIMET") owns the remaining 18% of CompX Group. At March
31, 2006,  (i) NL and TIMET own an  additional 2% and 3%  respectively  of CompX
directly,  (ii) Valhi, Inc. (NYSE: VHI) holds, directly or through a subsidiary,
approximately  83% of NL's  outstanding  common stock and  approximately  37% of
TIMET's outstanding common stock and (iii) Contran  Corporation holds,  directly
or through subsidiaries,  approximately 92% of Valhi's outstanding common stock.
Substantially  all of  Contran's  outstanding  voting  stock  is held by  trusts
established for the benefit of certain  children and  grandchildren of Harold C.
Simmons,  of which Mr.  Simmons is sole  trustee,  or is held by Mr.  Simmons or
persons or other entities related to Mr. Simmons.  Consequently, Mr. Simmons may
be deemed to control each of such companies and the Company.

     Inventory  costs.  The Company  adopted SFAS No. 151,  Inventory  Costs, an
amendment of ARB No. 43,  Chapter 4, for  inventory  costs  incurred on or after
January 1, 2006.  SFAS No. 151 requires that the allocation of fixed  production
overhead costs to inventory shall be based on normal  capacity.  Normal capacity
is not defined as a fixed amount;  rather,  normal capacity refers to a range of
production  levels expected to be achieved over a number of periods under normal
circumstances,  taking into account the loss of capacity  resulting from planned
maintenance  shutdowns.  The amount of fixed overhead  allocated to each unit of
production is not increased as a consequence of idle plant or production  levels
below the low end of normal  capacity,  but instead a portion of fixed  overhead

                                     - 9 -

<PAGE>

costs  are  charged  to  expense  as  incurred.  Alternatively,  in  periods  of
production above the high end of normal  capacity,  the amount of fixed overhead
costs allocated to each unit of production is decreased so that  inventories are
not measured above cost.  SFAS No. 151 also  clarifies  existing GAAP to require
that  abnormal  freight and wasted  materials  (spoilage)  are to be expensed as
incurred.  The Company believes its production cost accounting  already complies
with the requirements of SFAS No. 151; therefore, the effect on the consolidated
financial statements as a result of the adoption of SFAS No. 151 was immaterial.

     Stock options.  In accordance  with  regulations  set forth by the SEC, the
Company adopted SFAS No. 123R,  Share-Based Payment, as of January 1, 2006. Upon
adoption of SFAS No. 123R,  the Company will  generally be required to recognize
the cost of  employee  services  received  in  exchange  for an award of  equity
instruments  based on the  grant-date  fair  value of the  award,  with the cost
recognized  over the period  during  which an  employee  is  required to provide
services in exchange for the award (generally, the vesting period of the award).
No compensation cost will be recognized in the aggregate for equity  instruments
for which the employee does not render the requisite service (generally,  if the
instrument is forfeited before it has vested). The grant-date fair value will be
estimated using  option-pricing  models (e.g.  Black-Sholes or a lattice model).
Under the  transition  alternatives  permitted  under SFAS No. 123R, the Company
will apply the new  standard  to all new awards  granted on or after  January 1,
2006, and to all awards existing as of December 31, 2005 which are  subsequently
modified,  repurchased  or cancelled.  Additionally,  as of January 1, 2006, the
Company  will be required to recognize  compensation  cost  previously  measured
under  SFAS No. 123 for the  portion  of any  non-vested  award  existing  as of
December  31,  2005 over the  remaining  vesting  period.  Because the number of
non-vested awards as of December 31, 2005 with respect to options granted by the
Company was not material,  the effect of adopting SFAS No. 123R, in so far as it
relates to the  recognition of compensation  cost in the Company's  consolidated
statements of income for existing stock options,  did not have a material effect
on the Company's consolidated financial statements. Should the Company, however,
either grant a  significant  number of options or modify,  repurchase  or cancel
existing  options in the  future,  the  Company  could in the  future  recognize
material   amounts  of  compensation   cost  related  to  such  options  in  its
consolidated financial statements.

     Also upon adoption of SFAS No. 123R, the cash income tax benefit  resulting
from the  exercise  of stock  options  in excess of the  cumulative  income  tax
benefit  related  to such  options  previously  recognized  for  GAAP  financial
reporting purposes in the Company's  consolidated  statements of income, if any,
will be reflected as a cash inflow from  financing  activities  in the Company's
consolidated  statements  of cash  flows,  and the  Company's  cash  flows  from
operating  activities  will  reflect  the effect of cash paid for  income  taxes
exclusive  of such cash income tax  benefit.  No stock  options  were  exercised
during the first  quarter of 2006;  therefore,  no such income tax benefits have
been recognized as a component of cash flows from financing  activities at March
31, 2006.

     SFAS No. 123R also  requires  certain  expanded  disclosures  regarding the
Company's stock options, and such expanded disclosures were provided in the 2005
Annual Report.

     Prior to January 1, 2006, the Company  accounted for  stock-based  employee
compensation  related  to stock  options  using the  intrinsic  value  method in
accordance with Accounting  Principles Board Opinion ("APBO") No. 25, Accounting
for Stock Issued to Employees, and its various  interpretations.  Under APBO No.
25, no  compensation  cost was generally  recognized  for fixed stock options in
which the  exercise  price is greater  than or equal to the market  price on the
grant date. Compensation cost recognized by the Company related to stock options
was not  significant  during the first  three  months of 2005 or the first three

                                     - 10 -

<PAGE>
months of 2006. If the Company had applied the fair value recognition provisions
of Statement of Financial  Accounting Standards ("SFAS") No. 123, Accounting for
Stock-Based Compensation,  to stock-based employee compensation related to stock
options for all options  granted on or after January 1, 1995,  the effect on the
Company's  results of  operations  for the first three  months of 2005 would not
have been material.


Note 2 - Business segment information:

     The  Company's   operating  segments  are  defined  as  components  of  its
operations  about which  separate  financial  information  is available  that is
regularly  evaluated by the chief operating decision maker in determining how to
allocate resources and in assessing  performance.  The Company's chief operating
decision maker is David A. Bowers,  president and chief executive officer of the
Company.  The Company  currently has two operating  segments - Security Products
and Furniture  Components.  The Security  Products segment,  with  manufacturing
facilities in South Carolina and Illinois,  manufactures  locking mechanisms and
other  security  products  for  sale to the  mailbox,  transportion,  furniture,
banking,  vending and other industries.  The Furniture Components segment,  with
facilities  in Canada,  Michigan  and  Taiwan,  manufacture  a complete  line of
precision ball bearing slides and ergonomic  computer support systems for use in
office furniture,  computer-related  equipment,  tool storage cabinets and other
applications.

     Previously,  the Company had three operating  segments:  Security Products,
Precision Slides, and Ergonomics.  During the first quarter of 2006, the Company
changed its internal  management  structure  such that its precision  slides and
ergonomics  products  businesses  are now evaluated as a single  operating  unit
(referred to as Furniture  Components).  Segment  information  at March 31, 2006
reflects the new internal management structure.  Additionally, in prior periods,
the reported amount of operating  income for each operating  segment included an
allocation  of  corporate  operating  expenses  based  upon the  amount  of each
segment's net sales. At March 31, 2006, such corporate expenses have not been so
allocated but instead are presented as a separate item within operating  income.
Prior period  segment  information  has been  restated to conform to the current
period presentation for all items as mentioned above.



                                     - 11 -

<PAGE>





<TABLE>
<CAPTION>
                                                                                       Three months ended
                                                                                             March 31,
                                                                                     2005               2006
                                                                                     ----               ----
                                                                                         (In thousands)

 Net sales:
<S>                                                                                  <C>                 <C>
   Security Products                                                                 $18,544             $20,417
   Furniture Components                                                               28,299              23,745
   Other                                                                                -                  2,867
                                                                                     -------             -------
     Total net sales                                                                 $46,843             $47,029
                                                                                     =======             =======

 Operating income (loss):
   Security Products                                                                 $ 3,255             $ 3,859
   Furniture Components                                                                2,212               2,194
   Other                                                                                -                    346
   Corporate operating expenses                                                       (1,355)             (1,604)
                                                                                     -------             -------

     Total operating income                                                            4,112               4,795

 Interest expense                                                                        (69)                (61)
 Other non-operating income, net                                                         210                 382
                                                                                     -------             -------

   Income from continuing operations before
    income taxes                                                                     $ 4,253             $ 5,116
                                                                                     =======             =======
</TABLE>


                                     - 12 -
<PAGE>
     The  information  below  provides  disclosure of segment  information  with
respect to each year in the three-year  period ended December 31, 2005, based on
the Company's new operating unit structure.

<TABLE>
<CAPTION>
                                                                                 Years ended December 31,
                                                                            -------------------------------------
                                                                            2003          2004           2005
                                                                            ----          ----           ----
                                                                                      (In thousands)

 Net sales:
<S>                                                                         <C>           <C>            <C>
   Furniture Components                                                     $ 97,811      $106,759       $105,524
   Security Products                                                          76,155        75,872         76,667
   Other                                                                        -             -             4,158
                                                                            --------      --------       --------

     Total net sales                                                        $173,966      $182,631       $186,349
                                                                            ========      ========       ========

 Operating income (loss):
   Furniture Components                                                     $  1,359      $  8,885       $ 10,985
   Security Products                                                          11,078        11,604         13,141
   Other                                                                           -             -            427
   Corporate operating expenses                                               (3,658)       (5,091)        (5,491)
                                                                            --------      --------       --------

     Total operating income                                                    8,779        15,398         19,062

   Interest expense                                                           (1,301)         (494)          (336)
   Other non-operating income, net                                             1,676         2,419            724
                                                                            --------      --------       --------

     Income from continuing operations
      before income taxes                                                   $  9,154      $ 17,323       $ 19,450
                                                                            ========      ========       ========

 Depreciation and amortization:
   Furniture Components                                                     $  7,155      $  7,477       $  6,798
   Security Products                                                           4,744         4,191          3,876
   Other                                                                           -             -            207
   Corporate depreciation                                                        269           111             43
   Thomas Regout**                                                             2,612         2,421           -
                                                                            --------      --------       --------

                                                                            $ 14,780      $ 14,200       $ 10,924
                                                                            ========      ========       ========

 Capital expenditures:
   Furniture Components                                                     $  6,446      $  2,521       $  5,549
   Security Products                                                           1,901         2,432          4,909
   Other                                                                           -             -             32
   Thomas Regout**                                                               561           395           -
                                                                            --------      --------       --------

                                                                            $  8,908      $  5,348       $ 10,490
                                                                            ========      ========       ========

 Total assets:
   Furniture Components                                                     $ 88,928      $ 77,717       $ 77,226
   Security Products                                                          77,024        72,794         76,875
   Other                                                                           -             -         10,614
   Thomas Regout**                                                            38,595        28,921              -
   Corporate and eliminations                                                  6,196         6,847         23,837
                                                                            --------      --------       --------

                                                                            $210,743      $186,279       $188,552
                                                                            ========      ========       ========

 Goodwill:
   Furniture Components                                                     $  4,986      $  5,270       $  6,594
   Security Products                                                          23,743        23,742         23,742
   Other                                                                        -             -             5,342
                                                                            --------      --------       --------

                                                                            $ 28,729      $ 29,012       $ 35,678
                                                                            ========      ========       ========
</TABLE>
 ** Denotes disposed segment.

                                     - 13 -
<PAGE>


Note 3 -       Inventories:

<TABLE>
<CAPTION>
                                                                                 December 31,         March 31,
                                                                                      2005              2006
                                                                                 ------------          ---------
                                                                                         (In thousands)

<S>                                                                                  <C>                 <C>
 Raw materials                                                                       $ 7,098             $ 6,423
 Work in process                                                                       9,899               9,876
 Finished products                                                                     5,541               5,706
                                                                                     -------             -------

                                                                                     $22,538             $22,005
                                                                                     =======             =======
</TABLE>

Note 4 -       Accounts payable and accrued liabilities:
<TABLE>
<CAPTION>
                                                                                  December 31,          March 31,
                                                                                      2005                2006
                                                                                   ---------           ----------
                                                                                         (In thousands)

<S>                                                                                  <C>                 <C>
 Accounts payable                                                                    $ 7,022             $ 6,782
 Accrued liabilities:
   Employee benefits                                                                   8,179               6,385
   Customer tooling                                                                    1,319                 849
   Professional fees                                                                     720                 786
   Insurance                                                                             516                 567
   Taxes other than on income                                                            299                 398
   Sales rebates                                                                         110                  72
   Other                                                                               1,073               1,467
                                                                                     -------             -------

                                                                                     $19,238             $17,306
                                                                                     =======             =======
</TABLE>

Note 5 - Indebtedness:
<TABLE>
<CAPTION>
                                                                                   December 31,         March 31,
                                                                                       2005               2006
                                                                                    ----------          --------
                                                                                         (In thousands)

<S>                                                                                   <C>                   <C>
 Other indebtedness                                                                   $1,596                $ 93
 Less current portion                                                                    171                  52
                                                                                       -----                ----

                                                                                     $ 1,425                $ 41
                                                                                     =======                ====
</TABLE>

     Other indebtedness at December 31, 2005 includes certain industrial revenue
bonds which were  prepaid in February  2006 for an amount  equal to its carrying
value.

Note 6 - Other non-operating income, net:
<TABLE>
<CAPTION>
                                                                                       Three months ended
                                                                                             March 31,
                                                                                     2005               2006
                                                                                     ----               ----
                                                                                         (In thousands)

<S>                                                                                   <C>                  <C>
 Interest income                                                                      $ 176                $375
 Other, net                                                                              34                   7
                                                                                      -----                ----

                                                                                      $ 210                $382
                                                                                      =====                ====
</TABLE>
                                     - 14 -
<PAGE>


Note 7 - Provision for income taxes:

<TABLE>
<CAPTION>
                                                                                       Three months ended
                                                                                             March 31,
                                                                                     2005               2006
                                                                                     ----               ----
                                                                                         (In thousands)

 Expected tax expense, at the U.S. federal statutory
<S>                                                                                  <C>                 <C>
  income tax rate of 35%                                                             $1,489              $1,791
 Non-U.S. tax rates                                                                     (78)                (83)
 Incremental U.S. tax on earnings of foreign
  Subsidiaries                                                                          572                 770
 State income taxes and other, net                                                       58                  78
 Valuation allowance                                                                      -                  87
                                                                                       ---                -----

                                                                                     $2,041              $2,643
                                                                                     ======              ======
</TABLE>

Note 8 - Currency forward exchange contracts:

     Certain of the Company's  sales  generated by its non-U.S.  operations  are
denominated in U.S.  dollars.  The Company  periodically  uses currency  forward
contracts to manage a portion of currency  exchange rate market risk  associated
with  receivables,  or similar  exchange rate risk associated with future sales,
denominated  in a currency  other than the  holder's  functional  currency.  The
Company has not entered into these contracts for trading or speculative purposes
in the  past,  nor does the  Company  currently  anticipate  entering  into such
contracts for trading or speculative purposes in the future. Derivatives used to
hedge  forecasted  transactions  and specific cash flows associated with foreign
currency  denominated  financial assets and liabilities  which meet the criteria
for hedge  accounting  are  designated  as cash flow hedges.  Consequently,  the
effective  portion of gains and losses is deferred as a component of accumulated
other comprehensive  income and is recognized in earnings at the time the hedged
item  affects  earnings.  Contracts  that do not meet  the  criteria  for  hedge
accounting  are  marked-to-market  at each balance sheet date with any resulting
gain  or  loss   recognized  in  income   currently  as  part  of  net  currency
transactions.  At March 31,  2006,  the Company  held a series of  contracts  to
manage such exchange rate risk to exchange an aggregate of U.S. $5.2 million for
Canadian  dollars  at an  exchange  rate of Cdn.  $1.16  per U.S.  dollar.  Such
contracts  qualify  for hedge  accounting  and mature  through  June  2006.  The
exchange rate was Cdn.  $1.17 per U.S.  dollar at March 31, 2006.  The estimated
fair value of such contracts is not material at March 31, 2006.

Note 9 - Discontinued operations:

     Discontinued  operations  relates to the  Company's  former  Thomas  Regout
operations in the Netherlands. In January 2005, CompX completed the sale of such
operations  for  net  proceeds  that  were  approximately   $864,000  less  than
previously  estimated  (primarily  due to higher  expenses  associated  with the
disposal of the Thomas Regout  operations),  and discontinued  operations in the
first quarter of 2005 includes a charge related to such differential  ($477,000,
net of income tax benefit).

                                     - 15 -

<PAGE>

MANAGEMENT'S  DISCUSSION  AND  ANALYSIS OF  FINANCIAL  CONDITION  AND RESULTS OF
OPERATIONS
-------------------------------------------------------------------------------

Overview

     The Company reported  operating income of $4.8 million in the first quarter
of 2006  compared to operating  income of $4.1 million for the first  quarter of
2005. The operating  income  improved due to a more  favorable  product mix, the
impact of the acquisition of a small components  business in August 2005 and the
Company's ongoing focus on reducing costs.

Results of Operations

<TABLE>
<CAPTION>
                                                                        Three months ended
                                                                             March 31,
                                                                      ------------------------            %
                                                                       2005              2006           Change
                                                                       ----              ----           ------
                                                                        (In millions)

 Net sales:
<S>                                                                   <C>              <C>                <C>
   Security Products                                                  $18,544          $20,417            10%
   Furniture Components                                                28,299           23,745           (16%)
   Other                                                                 -               2,867           n.m.
                                                                      -------          -------

     Total net sales                                                  $46,843          $47,029            <1%
                                                                      =======          =======

 Operating income (loss):
   Security Products                                                  $ 3,255          $ 3,859            19%
   Furniture Components                                                 2,212            2,194            -1%
   Other                                                                    -              346           n.m.
   Corporate operating expenses                                        (1,355)          (1,604)           18%
                                                                      -------          -------

     Total operating income                                           $ 4,112          $ 4,795            17%
                                                                      =======          =======
</TABLE>

n.m. = not meaningful


     Net sales.  Net sales of $47.0  million  in the first  quarter of 2006 were
comparable  with net sales of $46.8  million in the first  quarter of 2005.  Net
sales were  impacted  by a general  increase  in sales  volume  within  security
products  and other,  partially  offset by sales  volume  decreases  for certain
Furniture Components products resulting from increased competition.

     Cost of goods sold.  The Company's  cost of goods sold  decreased 3% in the
first  quarter of 2006  compared  to 2005 while net sales were flat for the same
period.  The Company's  gross margin  percentage  increased from 22% in the 2005
period to 25% in the 2006 period.  This improvement  resulted from the favorable
impact of a continuous focus on reducing costs across all segments and increases
in sales of higher margin products within security products.

     Selling, general, and administrative expense. As a percentage of net sales,
selling,  general,  and administrative  expense was 13% of net sales in 2005 and
14% in 2006.

     Operating  income.  Operating income in the first quarter of 2006 increased
to $4.8  million  compared to $4.1 million for the first  quarter of 2005.  As a
percentage of net sales, operating income increased to 10% for the first quarter
of 2006 from 9% for the first  quarter of 2005 due to the  improvement  in gross
margins discussed above.

     Currency.  CompX has substantial  operations and assets located outside the
United States (in Canada and Taiwan).  A portion of CompX's sales generated from

                                     - 16 -

<PAGE>
its  non-U.S.  operations  are  denominated  in  currencies  other than the U.S.
dollar,  principally the Canadian dollar and the New Taiwan dollar. In addition,
a  portion  of  CompX's  sales  generated  from  its  non-U.S.   operations  are
denominated in the U.S. dollar.  Most raw materials,  labor and other production
costs  for  such  non-U.S.   operations  are  denominated   primarily  in  local
currencies.  Consequently,  the translated U.S. dollar values of CompX's foreign
sales and operating  results are subject to currency  exchange rate fluctuations
which may  favorably  or  unfavorably  impact  reported  earnings and may affect
comparability of period-to-period operating results. The effects of fluctuations
in currency exchange rates affect the Furniture  Components segment,  and do not
materially  affect  the  Security  Products  segment.  Fluctuations  in  foreign
currency exchange rates did not have a significant  effect on sales or operating
income in the first quarter of 2006 as compared to the first quarter of 2005.

     Other  non-operating  income,  net. The  components of other  non-operating
income, net are summarized in Note 6 to the Consolidated  Financial  Statements,
and primarily include interest income.

     Interest  expense.  Interest  expense declined in the first quarter of 2006
compared to the first quarter of 2005 due  primarily to lower average  levels of
outstanding debt.

     Provision  for income  taxes.  The  principal  reasons  for the  difference
between CompX's effective income tax rates and the U.S. federal statutory income
tax rates are  explained  in Note 7 to the  Consolidated  Financial  Statements.
Income  tax rates vary by  jurisdiction  (country,  county  and/or  state),  and
relative changes in the geographic mix of CompX's pre-tax earnings can result in
fluctuations in the effective income tax rate.

     CompX became a member of Contran's  consolidated  U.S.  federal  income tax
group (the  "Contran Tax Group") in October 2004. As a member of the Contran Tax
Group,  CompX  computes its  provision  for income  taxes on a separate  company
basis, using the tax elections made by Contran.  One such election is whether to
claim a deduction or a tax credit  against U.S.  taxable  income with respect to
foreign income taxes paid.  Consistent  with elections of the Contran Tax Group,
in 2005 and 2006 CompX is not claiming a credit with  respect to foreign  income
taxes paid but instead is claiming a tax deduction. This is the primary cause of
the Company's  effective  income tax rate for the periods  ending March 31, 2005
and 2006 being higher than the U.S. federal statutory income tax rate.

     Outlook.  The component product areas where the Company operates are highly
competitive in terms of product pricing and features.  The Company's strategy is
to  focus  on  areas  where  it can  provide  products  that  have  value-added,
user-oriented features which enable its customers to compete more effectively in
their  markets.  One of the focal  points of this  strategy  is to  replace  low
margin,  commodity  type  products  with  higher  margin  user-oriented  feature
products.  Additionally,  it  believes  that  its  focus on  collaborating  with
customers  to  identify  solutions  and its  ability  to provide a high level of
customer  service enable it to compete  effectively.  In response to competitive
pricing pressure,  the Company  continuously focuses on reducing production cost
through product reengineering,  improvement in manufacturing processes or moving
production to lower-cost facilities.

     Raw material  prices,  especially  steel,  zinc and copper,  continue to be
volatile  putting  pressure on CompX's  margins.  The Company  actively seeks to
mitigate the margin  impact by entering into raw material  supply  agreements in
order to stabilize the cost for a period of time, execute larger volume tactical
spot  purchases at prices that are  expected to be favorable  compared to future
prices  and, if  necessary,  pass on the cost  increases  to  customers  through
surcharges and price increases.

     Accounting principles newly adopted in 2006. See Note 1 to the Consolidated
Financial Statements.

                                     - 17 -

<PAGE>

Liquidity and Capital Resources

Summary.

     The Company's  primary  source of liquidity on an ongoing basis is its cash
flow from  operating  activities,  which is  generally  used to (i) fund capital
expenditures,  (ii) repay indebtedness incurred primarily for working capital or
capital expenditure  purposes and (iii) provide for the payment of dividends (if
declared). From time-to-time, the Company will incur indebtedness, primarily for
short-term  working  capital needs or to fund capital  expenditures  or business
combinations.  In addition, from time-to-time,  the Company may also sell assets
outside the  ordinary  course of business,  the proceeds of which are  generally
used  to  repay  indebtedness   (including  indebtedness  which  may  have  been
collateralized  by the assets sold) or to fund capital  expenditures or business
combinations.

     At March 31, 2006,  there were no amounts  outstanding  under the Company's
credit  facility  that matures in January  2009.  The Company does not expect it
will be required to use any of its cash flow from operating activities generated
during 2006 to repay indebtedness.


Consolidated cash flows.

     Operating  activities.  Trends in cash  flows  from  operating  activities,
excluding  changes in assets and liabilities  have generally been similar to the
trends in the  Company's  earnings.  Changes  in assets and  liabilities  result
primarily  from the timing of production,  sales and purchases.  Such changes in
assets  and  liabilities   generally  tend  to  even  out  over  time.  However,
period-to-period  relative  changes in assets and liabilities can  significantly
affect the comparability of cash flows from operating  activities.  Such changes
in assets and liabilities  resulted in a net use of cash of  approximately  $3.3
million  in the  first  quarter  of 2005  compared  to a net use of cash of $2.2
million in the first quarter of 2006.

     As noted above,  relative changes in working capital can have a significant
effect on cash flows from operating activities. The Company's average days sales
outstanding  increased from 40 days at December 31, 2005 to 44 days at March 30,
2006 due to timing of collection and a higher accounts receivable balance at the
end of March.  The Company's  average number of days in inventory was 59 days at
December  31,  2005 and 57 days at  March  31,  2006.  The  decrease  in days in
inventory is primarily due to lower raw materials inventory.

     Investing  activities.  Net cash provided by investing  activities  totaled
$9.0 million in the first quarter of 2005 compared to net cash used by investing
activities  of $2.6  million  in the first  quarter  of 2006.  Net cash for 2005
included  the net  proceeds  from the sale of the Thomas  Regout  operations  in
Europe discussed below.

     On January 24, 2005,  CompX  completed  the  disposition  of all of the net
assets of its Thomas Regout  precision slide and window  furnishing  operations,
conducted  at its  facility  in the  Netherlands,  to members  of Thomas  Regout
management  for net  proceeds  of  approximately  $22.3  million.  The  proceeds
consisted of cash (net of costs to sell) of  approximately  $18.1  million and a
subordinated Note for approximately $4.2 million. The subordinated note requires
annual  payments  over a period of four years.  Historically,  the Thomas Regout
European  operations had not  contributed  significantly  to net cash flows from
operations.

     Firm purchase commitments for capital projects in process at March 31, 2006
approximated $4.7 million.

                                     - 18 -

<PAGE>

     Financing  activities.  Net cash used by financing  activities totaled $1.7
million and $3.5  million in the first  quarter of 2005 and 2006,  respectively.
The Company  prepaid  certain  industrial  revenue  bonds  reducing debt by $1.5
million  in the  first  quarter  of 2006 and paid  quarterly  dividends  of $1.9
million,   or  $.125  per  share,  in  the  first  quarter  of  2005  and  2006,
respectively.

     Provisions contained in the Company's Revolving Bank Credit Agreement could
result in the  acceleration  of  outstanding  indebtedness  prior to its  stated
maturity  for reasons  other than  defaults  from failing to comply with typical
financial  covenants.  For example,  the Company's  Credit  Agreement allows the
lender to accelerate the maturity of the  indebtedness  upon a change of control
(as defined) of the borrower.  The terms of the Company's Credit Agreement could
result in the acceleration of all or a portion of the  indebtedness  following a
sale of assets outside of the ordinary course of business.

     Other.   Management  believes  that  cash  generated  from  operations  and
borrowing  availability under the Credit Agreement,  together with cash on hand,
will be sufficient to meet the Company's  liquidity  needs for working  capital,
capital  expenditures,  debt service and dividends (if declared).  To the extent
that the Company's actual operating  results or other  developments  differ from
the Company's expectations, CompX's liquidity could be adversely affected.

     The Company periodically evaluates its liquidity requirements,  alternative
uses of capital,  capital needs and available  resources in view of, among other
things,  its capital  expenditure  requirements,  dividend  policy and estimated
future operating cash flows. As a result of this process, the Company has in the
past  and may in the  future  seek to raise  additional  capital,  refinance  or
restructure indebtedness, issue additional securities,  repurchase shares of its
common stock,  modify its dividend policy or take a combination of such steps to
manage its  liquidity and capital  resources.  In the normal course of business,
the Company may review  opportunities for acquisitions,  joint ventures or other
business  combinations in the component products  industry.  In the event of any
such  transaction,  the Company  may  consider  using  available  cash,  issuing
additional  equity  securities or increasing the  indebtedness of the Company or
its subsidiaries.

     Off balance  sheet  financing  arrangements.  Other than certain  operating
leases  discussed  in the  2005  Annual  Report,  neither  CompX  nor any of its
subsidiaries are parties to any off-balance sheet financing arrangements.


Forward Looking Information

     As  provided  by the  safe  harbor  provisions  of the  Private  Securities
Litigation  Reform Act of 1995, the Company cautions that the statements in this
Quarterly  Report on Form 10-Q relating to matters that are not historical facts
are  forward-looking   statements  that  represent   management's   beliefs  and
assumptions based on currently available information. Forward-looking statements
can be  identified  by the use of words such as  "believes,"  "intends,"  "may,"
"should," "anticipates," "expects" or comparable terminology,  or by discussions
of strategies  or trends.  Although the Company  believes that 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.  Among the
factors  that could cause actual  future  results to differ  materially  are the
risks and  uncertainties  discussed in this Quarterly Report and those described
from  time to time in the  Company's  other  filings  with  the  Securities  and
Exchange  Commission.  While it is not  possible to identify  all  factors,  the
Company  continues  to face many  risks  and  uncertainties  including,  but not
limited to the following:

                                     - 19 -
<PAGE>

     o    Future supply and demand for the Company's products,
     o    Changes in costs of raw materials and other  operating  costs (such as
          energy costs),
     o    General global economic and political conditions,
     o    Demand for office furniture,
     o    Service industry employment levels,
     o    The possibility of labor disruptions,
     o    Competitive products and prices,  including increased competition from
          low-cost manufacturing sources (such as China),
     o    Substitute products,
     o    Customer and competitor strategies,
     o    Costs  and   expenses   associated   with   compliance   with  certain
          requirements  of  the  Sarbanes-Oxley  Act  of  2002  relating  to the
          evaluation of the Company's internal control over financial reporting,
     o    The introduction of trade barriers,
     o    The impact of pricing and production decisions,
     o    Fluctuations  in the  value  of the  U.S.  dollar  relative  to  other
          currencies (such as the Canadian dollar and New Taiwan dollar),
     o    Potential    difficulties   in   integrating   completed   or   future
          acquisitions,
     o    Decisions to sell operating  assets other than in the ordinary  course
          of business,
     o    Uncertainties associated with new product development,
     o    Environmental  matters (such as those requiring emission and discharge
          standards for existing and new facilities),
     o    The ability of the Company to comply with  covenants  contained in its
          revolving bank credit facility,
     o    The ultimate outcome of income tax audits,
     o    The impact of current or future government regulations,
     o    Possible future litigation and o Other risks and uncertainties.

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 forecasted or expected.  The Company
disclaims  any  intention  or  obligation  to update  publicly  or  revise  such
statements whether as a result of new information, future events or otherwise.

ITEM 3. QUANTITATIVE AND QUALITATITVE DISCLOSURE ABOUT MARKET RISK.

     Reference is made to the 2005 Annual  Report for a discussion of the market
risks  associated  with the  changes  in  foreign  currency  exchange  rates and
interest rates that affect the Company.  There have been no material  changes in
such market risks since the Company filed the 2005 Annual Report.


ITEM 4. Controls and Procedures.

     Evaluation of Disclosure  Controls and Procedures.  The Company maintains a
system of disclosure controls and procedures.  The term "disclosure controls and
procedures,"  as defined by  regulations  of the SEC,  means  controls and other
procedures that are designed to ensure that information required to be disclosed
in the reports that the Company files or submits to the SEC under the Securities

                                     - 20 -
<PAGE>
Exchange Act of 1934, as amended (the "Act"), is recorded, processed, summarized
and  reported,  within the time periods  specified in the SEC's rules and forms.
Disclosure  controls and procedures include,  without  limitation,  controls and
procedures  designed to ensure that information  required to be disclosed by the
Company  in the  reports  that it files or  submits  to the SEC under the Act is
accumulated  and  communicated  to  the  Company's  management,   including  its
principal  executive  officer and its principal  financial  officer,  or persons
performing  similar  functions,  as appropriate to allow timely  decisions to be
made regarding required disclosure.  Each of David A. Bowers, the Company's Vice
Chairman of the Board,  President  and Chief  Executive  Officer,  and Darryl R.
Halbert,  the Company's Vice President,  Chief Financial Officer and Controller,
have evaluated the Company's  disclosure controls and procedures as of March 31,
2006. Based upon their evaluation,  these executive officers have concluded that
the Company's  disclosure  controls and procedures are effective as of March 31,
2006.

     Internal  Control Over  Financial  Reporting.  The Company  also  maintains
internal  control over  financial  reporting.  The term  "internal  control over
financial  reporting,"  as defined by  regulations  of the SEC,  means a process
designed by, or under the supervision of, the Company's  principal executive and
principal  financial  officers,  or persons performing  similar  functions,  and
effected by the Company's board of directors, management and other personnel, to
provide reasonable  assurance  regarding the reliability of financial  reporting
and the preparation of financial  statements for external purposes in accordance
with GAAP, and includes those policies and procedures that:

     o    Pertain  to the  maintenance  of  records  that in  reasonable  detail
          accurately and fairly reflect the transactions and dispositions of the
          assets of the Company.
     o    Provide  reasonable   assurance  that  transactions  are  recorded  as
          necessary to permit preparation of financial  statements in accordance
          with GAAP, and that receipts and expenditures of the Company are being
          made  only  in  accordance  with   authorizations  of  management  and
          directors of the Company, and
     o    Provide reasonable  assurance regarding prevention or timely detection
          of  unauthorized  acquisition,  use or  disposition  of the  Company's
          assets that could have a material effect on the Company's consolidated
          financial statements.

     Changes in Internal  Control Over  Financial  Reporting.  There has been no
change to the Company's  internal  control over financial  reporting  during the
quarter  ended March 31, 2006 that has  materially  affected,  or is  reasonably
likely to materially  affect,  the  Company's  internal  control over  financial
reporting.




                                     - 21 -
<PAGE>


Part II. OTHER INFORMATION

ITEM 1A.  Risk Factors.


     Reference is made to the 2005 Annual  Report for a  discussion  of the risk
factors related to the Company's businesses. There have been no material changes
in such risk factors since the Company filed the 2005 Annual Report.

ITEM 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

         None

Item 3.  Defaults Upon Senior Securities.

         None

Item 4.  Submission of Matters to a Vote of Security Holders.

         None

Item 5.  Other Information.

         None

ITEM 6. Exhibits.

               Exhibits

                  31.1          Certification

                  31.2          Certification

                  32.1          Certification

                  32.2          Certification

                    The  Company  has  retained a signed  original of any of the
                    above  exhibits  that contains  signatures,  and the Company
                    will  provide such  exhibit to the  Commission  or its staff
                    upon request.  CompX will also furnish,  without  charge,  a
                    copy of its Code of  Business  Conduct  and  Ethics  and its
                    Audit  Committee  Charter,  each as approved by the Board of
                    Directors on February 24, 2004, upon request.  Such requests
                    should be directed  to the  attention  of CompX's  Corporate
                    Secretary at CompX's  corporate  offices located at 5430 LBJ
                    Freeway, Suite 1700, Dallas, Texas 75240.





                                     - 22 -

<PAGE>


                                   SIGNATURES

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 thereunto duly authorized.





                                COMPX INTERNATIONAL INC.
                                ------------------------
                                      (Registrant)





Date May 4, 2006                  By /s/ Darryl R. Halbert
     -----------------               ---------------------------
                                     Darryl R. Halbert
                                     Vice President, Chief Financial Officer
                                     and Controller