It would appear the expected softness has already been accounted for in the pps since the October workforce reduction with softness reiterated in the Dec Annual 2016 earnings PR, through the first half of 2017.
So my point being, if the pps gets hit again on weakness and the
outlook for the second half of 2017 is still strong it could provide a great entry point.
Q1 report due tomorrow we shall see.
OCT 2016
Newark, New York, October 11, 2016 - IEC Electronics Corp. (NYSE MKT: IEC) today confirmed a workforce reduction...
https://www.iec-electronics.com/press-release/874
DEC 2016, FY ending 09/30/16
Newark, New York, December 14, 2016 — IEC Electronics Corp. (NYSE MKT: IEC) today announced results for the fiscal year ended September 30, 2016.
IEC reported revenues of $127.0 million for the year ended September 30, 2016 (“fiscal 2016”), consistent with revenues for the year ended September 30, 2015 (“fiscal 2015”). Gross profit margin for fiscal 2016 grew to 16.0% as compared to 12.8% in fiscal 2015. Selling and administrative expenses (excluding restatement and related expenses), decreased to $14.0 million or 11.0% of sales as compared to $16.6 million or 13.1% of sales in fiscal 2015. Net income for fiscal 2016 was $4.8 million, or $0.47 per share, compared to a net loss of $10.2 million, or a loss of $1.01 per share, in the same prior year period. During fiscal 2015, the Company incurred a loss on discontinued operations of $6.4 million or ($0.64 per share) related to its divestiture of Southern California Braiding (“SCB”) and corresponding impairment charges. IEC reduced debt, net of cash, by $2.0 million in the fourth quarter of fiscal 2016 and by $11.8 million for the fiscal year. Fiscal year 2016 cash flow was driven by improved operational performance as well as a reduction of net inventory of $10.4 million compared to inventory levels at year end 2015...
https://www.iec-electronics.com/press-release/905
Newark, New York, January 27, 2017 — IEC Electronics Corp. (NYSE MKT: IEC) today announced that it will host a conference call on Friday, February 10, 2017 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal first quarter ended December 30, 2016....
About IEC Electronics
IEC Electronics is a provider of electronic manufacturing services ("EMS") to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions, and precision metalworking. As a full service EMS provider, IEC holds all appropriate certifications for the market sectors it supports including ISO 9001:2008, AS9100C, ISO 13485, Nadcap and IPC QML. IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM. Additional information about IEC can be found on its web site at www.iec-electronics.com.
https://www.iec-electronics.com/press-release/924
https://www.iec-electronics.com/
IEC Electronics Corp. Key Data
http://seekingalpha.com/symbol/IEC/key-data
1c
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