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IEC Electronics (IEC)
Will they really be able to convert this backlog efficiently?
IEC Electronics Corp. provides electronic manufacturing services (EMS) to technology companies in the United States. It involves in the custom manufacture of circuit cards, system level assemblies, and an array of custom cable/wire harness assemblies.
Christian Herbosa, Research Analyst, Noble Capital Markets, Inc.
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- Fiscal Q3 Results. Strong revenue growth and margin expansion in Q3 showed that IEC is able to efficiently convert on its growing backlog despite ongoing supply chain constraints. Third quarter revenues of $40.3 million roughly met our expectations reflecting year-over-year growth of 35.4% or 8.1% sequentially. EBITDA margins improved to 6.5% up from 3.7% in Q3 2018 meeting our expectations.
- It's Still Growing. Backlog again grew to about $218 million by quarter end, which reflects an increase of over 64% over year end 2018 for a book-to-bill ratio of...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.