IEC Electronics Corp reports rising revenue in fiscal 2Q, se

IEC Electronics Corp reports rising revenue in fiscal 2Q, sees infrastructure development in the second half of 2021


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.

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