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 fiscal 2020.