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Creation Technologies Inc. and IEC Electronics Corp. Announce Completi...
Creation Technologies Inc. and IEC Electronics Corp. Announce Completion of Tender Offer NEWARK, N.Y. and BOSTON, Oct. 05, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the successful completion of the tender offer (the “Offer”) by CTI Acquisition Corp. for all of the issued and outstanding shares of common stock of IEC for a price of $15.35 per share in cash, without interest and less any applicable withholding taxes. The Offer expired at 5:00 p.m., New York city time, on October 4, 2021. Creation ...
Creation and IEC Electronics Corp. Announce Extension of Tender Offer
Creation and IEC Electronics Corp. Announce Extension of Tender Offer NEWARK, N.Y. and BOSTON, Oct. 01, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced that CTI Acquisition Corp. (“Merger Sub”), an entity controlled by Creation, had extended the offering period of the previously commenced cash tender offer by Merger Sub to purchase all of the issued and outstanding shares of common stock of IEC to 5:00 p.m., New York City time, on October 4, 2021, unless further extended. The tender offer was previous...
Creation and IEC Electronics Corp. Announce Extension of Tender Offer
Creation and IEC Electronics Corp. Announce Extension of Tender Offer NEWARK, N.Y. and BOSTON, Sept. 24, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced that CTI Acquisition Corp. (“Merger Sub”), an entity controlled by Creation, had extended the offering period of the previously commenced cash tender offer by Merger Sub to purchase all of the issued and outstanding shares of common stock of IEC to 5:00 p.m., New York City time, on September 30, 2021, unless further extended. The tender offer was prev...
IEC and Creation Technologies Sign Merger Agreement
IEC and Creation Technologies Sign Merger Agreement Purchase Price of $15.35 per Share in Cash Transaction Valued at $242.3 Million Including Debt NEWARK, N.Y. and BOSTON, Aug. 12, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the signing of a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, representing a fully diluted equity value of approximately $173.8 million and an aggregate enterprise value of $242.3 million, based upo...
IEC Announces Fiscal 2021 Third Quarter Results
IEC Announces Fiscal 2021 Third Quarter Results Revenue of $49.4 Million in the Quarter; Up 4.2% Quarter Over Quarter NEWARK, N.Y., Aug. 12, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal third quarter ended July 2, 2021 of the fiscal year ending September 30, 2021 (“fiscal 2021”). Earlier today, IEC announced the signing of a definitive merger agreement with Creation Technologies Inc. (“Creation”) under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash. For further information, please refer to the...
IEC To Host Conference Call to Discuss Fiscal 2021 Third Quarter Finan...
IEC To Host Conference Call to Discuss Fiscal 2021 Third Quarter Financial Results NEWARK, N.Y., July 29, 2021 (GLOBE NEWSWIRE) -- 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. The conference call may be accessed in the U.S. and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for ...
IEC Receives Contract Award Valued in Excess of $45 Million
IEC Receives Contract Award Valued in Excess of $45 Million NEWARK, N.Y., July 07, 2021 (GLOBE NEWSWIRE) -- 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 2019 the contractor awarded IEC the entire outsourcing of this program associated with secured communications equipment for U.S. aircraft, ground vehicles and surface warships. Jeffrey T. S...
IEC Announces Fiscal 2021 Second Quarter Results
IEC Announces Fiscal 2021 Second Quarter Results Revenue of $45.4 Million in the Quarter; Up 2.7% Year Over Year NEWARK, N.Y., May 05, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal 2021 second quarter ended April 2, 2021 (“fiscal 2021”). IEC reported revenues of $45.4 million for the second quarter of fiscal 2021, an increase of 2.7% as compared to revenues of $44.2 million for the second quarter of the year ended September 30, 2020 (“fiscal 2020”). Gross profit for the second quarter of fiscal 2021 was $3.3 million, or 7.3% of sa...
IEC To Host Conference Call to Discuss Fiscal 2021 Second Quarter Fina...
IEC To Host Conference Call to Discuss Fiscal 2021 Second Quarter Financial Results NEWARK, N.Y., April 22, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that it will host a conference call on Wednesday, May 5, 2021 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal second quarter of 2021, ended March 31, 2021. The conference call may be accessed in the U.S. and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for 30...
IEC ANNOUNCES FISCAL 2021 FIRST QUARTER RESULTS
IEC ANNOUNCES FISCAL 2021 FIRST QUARTER RESULTS REVENUE OF $47.5 MILLION IN THE QUARTER; UP 6.1% YEAR OVER YEARGROSS MARGIN OF 12.1% IN THE QUARTER, UP 40 BASIS POINTS YEAR OVER YEARNET INCOME OF $1.5 MILLION, UP 29.3% YEAR OVER YEAR NEWARK, N.Y., Feb. 03, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal 2021 first quarter ended January 1, 2021 (“fiscal 2021”). IEC reported revenues of $47.5 million for the first quarter of fiscal 2021, an increase of 6.1% as compared to revenues of $44.7 million for the first quarter of the year en...
IEC Will Host Conference Call to Discuss Fiscal 2021 First Quarter Fin...
IEC Will Host Conference Call to Discuss Fiscal 2021 First Quarter Financial Results NEWARK, N.Y., Jan. 20, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that it will host a conference call on Wednesday, February 3, 2021 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal first quarter of 2021, ended December 31, 2020. The conference call may be accessed in the U.S. and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for...
IEC Announces Fiscal 2020 Fourth Quarter and Year End Results
IEC Announces Fiscal 2020 Fourth Quarter and Year End Results REVENUE OF $46.4 MILLION IN THE QUARTER; UP 5.7% YEAR OVER YEARGROSS MARGIN OF 14.5% IN THE QUARTERGENERATED $7.3 MILLION OF OPERATING CASH FLOW IN THE QUARTER NEWARK, N.Y., Nov. 20, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal 2020 fourth quarter and year ended September 30, 2020 (“fiscal 2020”). IEC reported revenues of $46.4 million for the fourth quarter of fiscal 2020, an increase of 5.7% as compared to revenues of $43.9 million for the fourth quarter of the ...
IEC Will Host Conference Call to Discuss Fiscal 2020 Fourth Quarter Fi...
IEC Will Host Conference Call to Discuss Fiscal 2020 Fourth Quarter Financial Results NEWARK, N.Y., Nov. 10, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that it will host a conference call on Friday, November 20, 2020 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal fourth quarter of 2020, ended September 30, 2020. The conference call may be accessed in the U.S. and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available fo...
IEC Announces Fiscal 2020 Third Quarter Results
IEC Announces Fiscal 2020 Third Quarter Results REVENUE OF $47.4 MILLION; UP 17% YEAR OVER YEARGROSS MARGIN OF 14%GENERATED $6.0 MILLION OF OPERATING CASH FLOW NEWARK, N.Y., Aug. 05, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal 2020 third quarter and nine months ended June 26, 2020. IEC reported revenues of $47.4 million for the third quarter of fiscal 2020, an increase of 17% as compared to revenues of $40.3 million for the third quarter of the year ended September 30, 2019 (“fiscal 2019”) and a sequential increase ...
IEC Will Host Conference Call to Discuss Fiscal 2020 Third Quarter Fin...
IEC Will Host Conference Call to Discuss Fiscal 2020 Third Quarter Financial Results NEWARK, N.Y., July 22, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that it will host a conference call on Wednesday, August 5, 2020 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal third quarter of 2020, ended June 26, 2020. The conference call may be accessed in the U.S. and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for 30 da...
IEC Announces Fiscal 2020 Second Quarter Results
IEC Announces Fiscal 2020 Second Quarter Results REVENUE INCREASE OF 18% TO $44.2 MILLIONNET INCOME INCREASED 127% TO $1.5 MILLION, $0.15 PER BASIC SHARESTRONG BOOKINGS, WITH BOOK TO BILL RATIO OF 1.5:1 NEWARK, N.Y., May 06, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal 2020 second quarter and six months ended March 27, 2020. IEC reported revenues of $44.2 million for the second quarter of fiscal 2020, an increase of 18.4% as compared to revenues of $37.3 million for the second quarter of the year ended September 30, 2019 (“f...
IEC Will Host Conference Call to Discuss Fiscal 2020 Second Quarter Fi...
IEC Will Host Conference Call to Discuss Fiscal 2020 Second Quarter Financial Results NEWARK, New York, April 22, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that it will host a conference call on Wednesday, May 6, 2020 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal second quarter of 2020, ended March 31, 2020. The conference call may be accessed in the U.S. and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available for ...
IEC Wins Contract From Top Global Defense Company
IEC Wins Contract From Top Global Defense Company NEWARK, N.Y., March 05, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) today announced that it has been awarded a Low Rate Initial Production multi-year contract valued at more than $15 million, from a top global defense contractor. Jeffrey T. Schlarbaum, President and CEO of IEC Electronics commented, “We are energized to have been selected for this contract with an established aerospace and defense company that has a strong reputation in the sector. This is a brand new customer for us, who we have been pursuing for more ...
IEC to Attend Imperial Capital’s Advanced Manufacturing & Supply Cha...
IEC to Attend Imperial Capital’s Advanced Manufacturing & Supply Chain Conference NEWARK, N.Y., Feb. 06, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that Chief Executive Officer Jeffrey Schlarbaum will present at Imperial Capital’s Advanced Manufacturing & Supply Chain Conference to be held at the Hyatt Huntington Beach Resort & Spa at 2:15 p.m. PT on Thursday, February 13, 2020. Mr. Schlarbaum will also be available for one-on-one and small group meetings throughout the day. This event is the inaugural Advanced Manufacturing & Supply Chain Conference (“A...
IEC Announces Fiscal 2020 First Quarter Results
IEC Announces Fiscal 2020 First Quarter Results NEWARK, N.Y., Feb. 05, 2020 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the first quarter ended December 27, 2019 of the fiscal year ending September 30, 2020 (“fiscal 2020”). IEC reported revenues of $44.7 million for the first quarter of fiscal 2020 an increase of 26.2% as compared to revenues of $35.4 million for the first quarter of the year ended September 30, 2019 (“fiscal 2019”). Gross profit for the first quarter of fiscal 2020 was $5.2 million, or 11.7% of sales which includes the negative im...
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