IEC Electronics reports rising revenue in fiscal 2Q, sees infrastructure development in the second half of 2021
For the three months ended April 30, 2021, IEC reported revenue of $45.4 million, a year-over-year increase of 2.7% from $44.2 million at the same stage in 2020 IEC Electronics is a provider of electronic manufacturing services to advanced technology companies that produce life-saving and mission-critical products in the aerospace, defense, industrial and medical sectors
IEC Electronics Corp (NASDAQ:IEC) has announced results for its fiscal 2021 second quarter and laid out a path to “much higher revenue levels” as its complex infrastructure programs shift into gear.
For the three months ended April 30, 2021, IEC reported revenue of $45.4 million, a year-over-year increase of 2.7% from $44.2 million at the same stage in 2020. Gross profit was $3.3 million, 7.3% of sales, compared to gross profit of $5.5 million, 12.5% of sales in the second quarter of fis
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IEC Electronics Inc building solid manufacturing niche that is exclusively US made proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Manufactures 100% of its products in the US, unlike many of its competitors
1Q 20201 net income climbed by 29% year-over-year
IEC Electronics Inc (NASDAQ:IEC) is a provider of electronic manufacturing services to advanced technology companies that produce life-saving and mission-critical products in the aerospace, defense, industrial, and medical sectors.
Founded in 1966, the Newark, New York-based company breaks its business down into six key areas: full-system assemblies, design & test development, analysis & testing lab, electronics manufacturing, interconnect solutions, and precision metalworking.
The company specializes in delivering technical solutions via the custom manufacture of complex full-system assemblies (such as circuit boards) and by providing on-site analytical testing laboratories, custom-design, and test-engineering services.