Last $4.94 USD
Change Today +0.05 / 1.02%
Volume 2.0K
IEC On Other Exchanges
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

iec electronics corp (IEC) Snapshot

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10/24/13 - $6.02
52 Week Low
09/30/13 - $3.60
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iec electronics corp (IEC) Details

IEC Electronics Corp. provides electronic contract manufacturing services to advanced technology companies in the United States. It specializes in the custom manufacture of complex circuit cards and system-level assemblies; an array of cable and wire harness assemblies; and precision sheet metal components. The company offers its assemblies for use in various products, such as military and aerospace systems, medical devices, industrial equipment, and transportation products. It is also involved in the testing and detection of counterfeit electronic parts, as well as component risk mitigation and advanced failure analysis. The company serves military and aerospace, medical, industrial, communications, and other sectors through a direct sales force, as well as through a network of manufacturer's representatives. IEC Electronics Corp. was founded in 1966 and is headquartered in Newark, New York.

809 Employees
Last Reported Date: 12/24/13
Founded in 1966

iec electronics corp (IEC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $348.2K
Compensation as of Fiscal Year 2013.

iec electronics corp (IEC) Key Developments

IEC Electronics Corp. Announces Dismissal of Class Action Lawsuit

IEC Electronics Corp. announced that the United States District Court for the Southern District of New York has dismissed in its entirety, without right to replead, the consolidated securities class action lawsuit originally filed June 28, 2013 against the company, its Chief Executive Officer and its Chief Financial Officer.

IEC Electronics Corp. Announces Auditor Changes

IEC Electronics Corp. announced that it has undertaken a process to select a new independent registered accounting firm and expects to have a new firm in place before the end of the Company's first quarter of fiscal 2015. It is IEC's understanding that its current independent registered accounting firm, EFP Rotenberg, LLP (EFPR) has made a strategic decision to serve public companies in roles other than as independent auditor, and IEC has received notification from EFPR that the firm will not serve as IEC's independent accounting firm for the Company's fiscal year 2015. EFPR will continue its engagement to complete the audit for IEC's fiscal year 2014, ending September 30, 2014.

IEC Electronics Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 27, 2014

IEC Electronics Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended June 27, 2014. For the quarter, the company's sales were $32,992,000 against $35,154,000 a year ago. Operating profit was $583,000 against $607,000 a year ago. Income before income taxes was $25,000 against $606,000 a year ago. Net income was $22,000 against $382,000 a year ago. For the nine months, the company's sales were $99,934,000 against $101,824,000 a year ago. Operating loss was $1,195,000 against $686,000 a year ago. Loss before income taxes was $2,623,000 against $1,381,000 a year ago. Net loss was $1,646,000 or $0.17 basic and diluted per share against $863,000 or $0.09 basic and diluted per share a year ago.


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Price/Sales 0.3x
Price/Book 1.6x
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TEV/Sales 0.1x

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