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IEC Electronics Corp reveals 17% revenue increase in 3Q earnings

IEC Electronics Corp (NASDAQ:IEC) CEO Jeff Schlarbaum tells Proactive the New York-based firm posted strong fiscal third-quarter results last week that saw its revenue jump 17% year-over-year driven by its ability to deliver “reliable” electronic manufacturing solutions for complex products even during the coronavirus pandemic.

Schlarbaum says the electronic manufacturing services company reported revenue of $47.4 million, compared to $40.3 million in the fiscal third quarter of 2019

Quick facts: IEC Electronics

Price: 8.56 USD

NASDAQ:IEC
Market: NASDAQ
Market Cap: $90.33 m
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IEC Electronics' customers reexamining future supply chain dependencies on...

IEC Electronics (NASDAQ:IEC) CEO Jeff Schlarbaum tells Proactive the New York-based electronics manufacturer says because of the coronavirus pandemic, its customers are reexamining future supply chain dependencies on Far East manufacturing. Schlarbaum, who contract manufactures 100% of its...

on 06/09/2020

2 min read