OverviewSuggest Edit

IEC Electronics is a provider of electronic manufacturing services. It specializes in delivering technical solutions for the custom manufacturing, product configuration, and verification testing of highly-engineered complex products. The company provides customers with on-site analytical testing laboratories, engineering and direct order fulfillment services, as well as manufacturing services including printed circuit board assembly (PCBA), interconnect solutions, and precision metalworking.

TypePublic
Founded1966
HQNewark, NY, US
Websiteiec-electronics.com
Employee Ratings2.9
Overall CultureD-

Latest Updates

Employees (est.) (Mar 2020)866(-3%)
Job Openings34
Revenue (FY, 2019)$157 M(+35%)
Share Price (Sept 2021)$15.3
Cybersecurity ratingBMore

Key People/Management at IEC Electronics

Jeffrey T. Schlarbaum

Jeffrey T. Schlarbaum

Chief Executive Officer
Thomas L. Barbato

Thomas L. Barbato

Chief Financial Officer
Jeremy R. Nowak

Jeremy R. Nowak

Chairman of the Board
Debbie Cardon

Debbie Cardon

VP of Human Resources
Charles P. Hadeed

Charles P. Hadeed

Chairman of the Board
Keith M. Butler

Keith M. Butler

Board Member
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IEC Electronics Office Locations

IEC Electronics has offices in Newark, Albuquerque and Rochester
Newark, NY, US (HQ)
328 Silver Hill Rd
Albuquerque, NM, US
1450 Mission Ave NE
Newark, NY, US
105 Norton St
Rochester, NY, US
50 Jetview Dr
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IEC Electronics Financials and Metrics

IEC Electronics Revenue

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IEC Electronics's revenue was reported to be $156.98 m in FY, 2019 which is a 34.3% increase from the previous period.
USD

Revenue (Q2, 2021)

45.4m

Gross profit (Q2, 2021)

3.3m

Gross profit margin (Q2, 2021), %

7.3%

Net income (Q2, 2021)

(348.0k)

EBIT (Q2, 2021)

(175.0k)

Market capitalization (14-Sept-2021)

161.9m

Closing stock price (14-Sept-2021)

15.3

Cash (2-Apr-2021)

391.0k

EV

222.5m
IEC Electronics's current market capitalization is $161.9 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

96.5m116.9m157.0m

Revenue growth, %

(24%)21%34%

Cost of goods sold

85.2m102.8m135.3m

Gross profit

11.3m14.2m21.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

21.2m31.8m29.8m35.4m37.3m40.3m44.7m44.2m47.4m47.5m45.4m

Cost of goods sold

19.6m27.0m26.4m30.4m32.7m34.7m39.5m38.7m40.7m41.7m42.0m

Gross profit

1.5m4.8m3.4m5.1m4.6m5.6m5.2m5.5m6.6m5.7m3.3m

Gross profit Margin, %

7%15%11%14%12%14%12%12%14%12%7%
Annual
USDFY, 2017FY, 2018FY, 2019

Accounts Receivable

17.9m25.2m27.6m

Inventories

15.6m34.1m44.3m

Current Assets

34.5m61.0m83.4m

PP&E

17.8m20.1m19.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

102.0k391.0k

Accounts Receivable

13.8m21.4m19.7m22.7m27.8m26.6m28.5m26.5m30.3m28.3m27.7m

Inventories

20.9m21.0m26.1m37.2m38.8m44.9m45.0m45.1m46.9m55.7m54.1m

Current Assets

36.0m44.9m47.0m67.6m74.5m80.7m86.1m84.9m90.1m98.1m103.1m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

81.0k10.4m4.7m

Depreciation and Amortization

2.6m2.4m2.8m

Inventories

(110.0k)(18.6m)(13.8m)

Accounts Payable

1.6m13.5m(2.7m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(494.0k)1.1m1.3m1.1m1.7m3.0m1.2m2.7m4.8m1.5m1.2m

Depreciation and Amortization

579.0k1.1m1.7m651.0k1.3m2.0m776.0k1.6m2.4m1.1m2.4m

Inventories

(5.4m)(5.5m)(10.6m)(6.9m)(8.5m)(14.5m)(1.7m)(2.1m)(3.8m)(4.6m)(3.0m)

Accounts Payable

2.9m4.3m3.3m1.9m(1.4m)1.3m1.5m(2.8m)(1.2m)(4.0m)(6.7m)
USDFY, 2017

Revenue/Employee

170.7k

Debt/Equity

1.4 x

Debt/Assets

0.4 x

Financial Leverage

3.6 x
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IEC Electronics Operating Metrics

IEC Electronics's Backlog was reported to be $212m in FY, 2019.
FY, 2017FY, 2018FY, 2019

Backlog

$72.1 m$133.7 m$212 m

Patents Issued

1

Patents Pending

2
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IEC Electronics Acquisitions / Subsidiaries

Company NameDateDeal Size
Southern California BraidingDecember 17, 2010$25 m
Celmet Co.August 03, 2010$2 m
General Technology CorpDecember 17, 2009$14.2 m
Val-U-TechNovember 28, 2008
IEC Analysis & Testing Laboratory, LLC
IEC Electronics Corp.-Albuquerque

IEC Electronics Revenue Breakdown

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IEC Electronics revenue breakdown by business segment: 18.0% from Industrial, 22.0% from Medical and 60.0% from Aerospace and Defense

IEC Electronics Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

IEC Electronics Online and Social Media Presence

Embed Graph

IEC Electronics Company Culture

  • Overall Culture

    D-

    53/100

  • CEO Rating

    F

    55/100

  • Compensation

    F

    39/100

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IEC Electronics News and Updates

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of IEC Electronics Corp. - IEC

NEW YORK, Sept. 10, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of IEC Electronics Corp. Buyout

WILMINGTON, Del., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating IEC Electronics Corp. (“IEC”) (NASDAQ GM: IEC) regarding possible breaches of fiduciary duties and other violations of law related to IEC’s agreement to be acquired by Creation Technologies I…

IEC To Host Conference Call to Discuss Fiscal 2021 Third Quarter Financial Results

IEC Electronics Corp. (Nasdaq: IEC) today announced that it will host a conference call on Thursday, August 12, 2021 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal third quarter of 2021, ended July 2, 2021.

IEC Receives Contract Award Valued in Excess of $45 Million

IEC Electronics Corp. (Nasdaq: IEC) today announced that it has been awarded a multi-year contract, valued in excess of $45 million, from a Tier 2 Department of Defense contractor. This award is a follow-on order extending IEC’s participation with a program it has supported for several years. In 201…

IEC Electronics Frequently Asked Questions

  • When was IEC Electronics founded?

    IEC Electronics was founded in 1966.

  • Who are IEC Electronics key executives?

    IEC Electronics's key executives are Jeffrey T. Schlarbaum, Thomas L. Barbato and Jeremy R. Nowak.

  • How many employees does IEC Electronics have?

    IEC Electronics has 866 employees.

  • What is IEC Electronics revenue?

    Latest IEC Electronics annual revenue is $157 m.

  • What is IEC Electronics revenue per employee?

    Latest IEC Electronics revenue per employee is $181.3 k.

  • Who are IEC Electronics competitors?

    Competitors of IEC Electronics include Unical Aviation, Safran Electrical & Power and Vishay Siliconix.

  • Where is IEC Electronics headquarters?

    IEC Electronics headquarters is located at 328 Silver Hill Rd, Newark.

  • Where are IEC Electronics offices?

    IEC Electronics has offices in Newark, Albuquerque and Rochester.

  • How many offices does IEC Electronics have?

    IEC Electronics has 4 offices.