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IEC Electronics is a provider of electronic manufacturing services to advanced technology companies that produce life-saving and mission-critical products for the medical, industrial, aerospace, and defense sectors. The company specializes in delivering technical solutions for the custom manufacturing, product configuration, and verification testing of highly-engineered complex products. It 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, US
Websiteiec-electronics.com
Employee Ratings3.5
Overall CultureC-

Latest Updates

Employees (est.) (Mar 2020)866(-3%)
Job Openings24
Revenue (FY, 2019)$157 M(+35%)
Share Price (Nov 2020)$9.8 (+5%)
Cybersecurity ratingCMore

Key People/Management at IEC Electronics

Jeffrey T. Schlarbaum

Jeffrey T. Schlarbaum

President & 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 Audit Committee and Nominating & Governance Committee
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, US (HQ)
105 Norton St
Albuquerque, US
1450 Mission Ave NE
Rochester, US
1365 Emerson St
Show all (3)

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 (Q3, 2020)

47.4m

Gross profit (Q3, 2020)

6.6m

Gross profit margin (Q3, 2020), %

14%

Net income (Q3, 2020)

2.1m

EBIT (Q3, 2020)

3.0m

Market capitalization (12-Nov-2020)

103.0m

Closing stock price (12-Nov-2020)

9.8
IEC Electronics's current market capitalization is $103 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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

7%15%11%14%12%14%12%12%14%
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, 2020

Accounts Receivable

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

Inventories

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

Current Assets

36.0m44.9m47.0m67.6m74.5m80.7m86.1m84.9m90.1m

PP&E

18.0m16.7m18.8m20.0m19.6m19.3m19.0m19.2m20.1m
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, 2020

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

2.9m4.3m3.3m1.9m(1.4m)1.3m1.5m(2.8m)(1.2m)
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

$72.10 m$133.70 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$14.20 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

C

72/100

SecurityScorecard logo

IEC Electronics Online and Social Media Presence

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IEC Electronics Company Culture

  • Overall Culture

    C-

    66/100

  • CEO Rating

    B

    75/100

  • Compensation

    F

    33/100

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IEC Electronics News and Updates

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 Elettronica Group, Arotech and Ducommun.

  • Where is IEC Electronics headquarters?

    IEC Electronics headquarters is located at 105 Norton St, 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 3 offices.