IEC Electronics Corp. (IEC): IECE backlog comments from the 10-K:...

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MikeDDKing

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Thursday, 11/13/2008 1:04:59 PM

Thursday, November 13, 2008 1:04:59 PM

IECE backlog comments from the 10-K:

Our backlog as of September 30, 2008 and 2007 was approximately $40.5 million and $22.3 million, respectively. We had additional forecasted orders as of September 30, 2008 and 2007 of $3.4 million and $5.3 million respectively. Forecasted orders are not firm orders, but our customers have made commitments to compensate us for any unused inventory that we procure in anticipation of these orders. Backlog consists of contracts or purchase orders with delivery dates scheduled within the next 12 months. Substantially the entire current backlog is expected to be shipped within our current fiscal year. Variations in the magnitude and duration of contracts received by us, and customer delivery requirements may result in fluctuations in backlog from period to period.

Note that $40.5M in backlog is roughly 80% of sales in 2008!

Mike