IEC Electronics Corp.

IEC Electronics Corp.

IEC Electronics Corp.

Overview
Date Founded

1988

Headquarters

105 Norton Street,Newark, NY 14513

Type of Company

Public

Employees (Worldwide)

840

Industries

Electrical Products
Appliances & Electronics
Industrial Machinery & Manufacturing
Computer Software
Computer Hardware

Company Description

IEC Electronics Corp. provides electronic manufacturing services to technology companies that produce products for the medical, industrial, aerospace and defense sectors. It delivers technical solutions for the custom manufacturing, product configuration, and verification testing of engineered products. The company was founded by Roger E. Main in 1966 and is headquartered in Newark, NY.

Contact Data
Trying to get in touch with decision makers at IEC Electronics Corp.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer & Senior Vice President

Director of Information Technology

Director

Marketing Director

Director

Director of Engineering Solutions

Finance Director

Director

Director

Board of Directors

Former Fund Advisor at Vintage Capital Management LLC

Former Chief Executive Officer at Transcat, Inc.

President, Chief Executive Officer & Director at IEC Electronics Corp.

Former President at Veritek Manufacturing Services LLC

Partner at Vintage Capital Management LLC

Partner at Mirus Capital Advisors, Inc.

Paths to IEC Electronics Corp.
Potential Connections via
Relationship Science
You
IEC Electronics Corp.
Owners & Shareholders
Details Hidden

Punch & Associates' (P&A) investment management approach incorporates a risk-averse investment philosophy centered on preserving and growing their clients' assets. The firm is a multi-cap manager with the following core strategies: Income, Large-Cap Equity, and Small- and Micro-Cap Equity. For their individual clients, P&A believes the most important decision involves the allocation of assets among different asset classes, supplemented by rigorous fundamental analysis providing the key to successful security selection. They believe it is possible to achieve consistent and superior investment returns through all market environments by using a disciplined and opportunistic style of investing, coupled with a willingness to look different from other mainstream investors.The Punch Small-Cap Strategy invests in equities with market-cap of $250 million to $2 billion. The firm combines intensive bottom-up investment research with elements of behavioral finance to create a portfolio of companies that are purchased at compressed valuations. P&A seeks out sectors and issues with accelerating fundamentals, economically attractive business models and low recognition among the general investing public.The Punch Large-Cap strategy takes a \"hub-and-spoke\" approach to building a portfolio of large-cap equities. A \"hub\" of closed-end or index funds is surrounded with \"spokes\" of concentrated positions in individual stocks taken from the universe of domestic companies with market-cap greater than $5 billion.The Punch Strategic Total Return Strategy (STR) is meant for client accounts that don't meet the minimum investment amount for P&A's other strategies (generally $100,000), although it can also be suitable for larger accounts. It ss a total return strategy that focuses on generating an attractive dividend yield in addition to capital appreciation. Portfolios are constructed using a limited number of closed-end funds, index shares and other pooled vehicles, and the strategy is benchmarked to the S&P 500.The Punch Micro-Cap Equity Strategy applies a similar investment process as the Small-Cap Equity Strategy while screening for companies in the smallest end of the small-cap spectrum (less than $250 million). The strategy is offered to accredited investors and qualified clients through a private investment partnership, PMCP, solely through a Confidential Private Placement Memorandum.The Punch Income Strategy invests in a wide variety of securities with the characteristics of producing durable, predictable yields and price appreciation over full market cycles. Incorporating varied yield vehicles to provide total return in both a taxable and tax-efficient manner, the strategy focuses on total return, emphasizes regular cash flow and takes a \"reversion-to-the-mean\" approach to asset allocation, targeting asset classes that have under-performed over the past 3-5 years.^

Details Hidden

Solas Capital Management typically invests a large majority of their clients' assets in equity and equity-related securities that may be affected by business, financial market or legal uncertainties. The firm's investment approach focuses on fundamental value with respect to specific securities, both in long and short strategies. The strategy is designed to achieve absolute investment returns and preserve capital, regardless of market conditions. Solas Capital's objective is to avoid significant net exposure to the market as a whole, and to various aspects of the market, while focusing on identifying specific investment situations which represent the best opportunities for optimal risk-adjusted returns.Solas Capital uses primary research and fundamental bottom-up analysis to develop a deep, fundamental view of companies and to identify opportunities across investment instruments. They seek to identify companies which will out-perform, as well as those that will under-perform, in any given industry sector and across a wide range of global markets. Their value-oriented strategy is consistent in approach and does not depend on market environment. Solas Capital typically maintains low net exposure and does not vary exposure or attempt to predict market movements in the broad market.

Details Hidden

Clayton Partners is a value investor that offers two investment strategies: a private investment fund and separately managed accounts.The firm's investment approach focuses on the generation of long-term capital appreciation.Clayton Partners employs a traditional value-oriented invert approach that considers securities' relative strength when making decisions to buy or sell. They use fundamental analysis to evaluate intrinsic value and price trends and follow companies over long time periods. Clayton Partners invests defensively and maintains high cash balances when circumstances warrant.The Clayton Capital Appreciation Fund is a long-biased, value-oriented, bottom-up, opportunistic fund. When selecting investments, Clayton Partners looks for capable, experienced management teams with histories of acting in the best interests of shareholders. They adhere to a conservative investment philosophy and study companies over the long-term to gain the insight necessary to make informed and timely investment decisions. Clayton Partners believes that investing in a limited number of positions leads to better performance and that market volatility creates opportunities to take positions in companies when they are trading below their intrinsic value. The firm manages active short positions to protect capital and to capitalize on overpriced securities. To mitigate risks associated with the unknown, Clayton Partners maintains an adequate margin of safety and strives. the firm believes that the preservation of capital is a significant driver of long-term investment success.

Recent Transactions
Details Hidden

DCX-CHOL Enterprises, Inc. purchases Southern California Braiding, Inc. from IEC Electronics Corp.

Details Hidden

IEC Electronics Corp. purchases Southern California Braiding, Inc.

Details Hidden

IEC Electronics Corp. purchases Celmet Co., Inc.

Transaction Advisors
Accountant

Advised onIEC Electronics Corp. purchases Ohshima Electronics Manufacturing Ltd

Investment Advisor

Advised onEPIC Technologies LLC purchases IEC de Mexico from IEC Electronics Corp.

Accountant

Advised onEPIC Technologies LLC purchases IEC de Mexico from IEC Electronics Corp.

Advisors & Consultants
Consultant

Former Executive Vice President-Operations at IEC Electronics Corp.

Clients

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

L3Harris Technologies, Inc. is an agile global aerospace and defense technology innovator, which engages in the provision of defense and commercial technologies across air, land, sea, space and cyber domains. It operates through the following segments: Integrated Mission Systems; Space and Airborne Systems; Communication Systems; and Aviation Systems. The Integrated Mission Systems segment include intelligence, surveillance, and reconnaissance; advanced electro optical and infrared; and maritime power and navigation. The Space and Airborne Systems segment comprises space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare. The Communication Systems segment consists tactical communications; broadband communications; L3's night vision; and public safety. The Aviation Systems segment compose defense aviation products; security, detection and other commercial aviation products; air traffic management; and commercial and military pilot training. The company was founded in 2019 and is headquartered in Melbourne, FL.

Key Stats and Financials As of 2019
Market Capitalization
$78.3M
Total Enterprise Value
$110M
Earnings Per Share
$0.45
EBITDA
$10.3M
EBITDAMargin
6.59%
Enterprise Value EBITDAOperating
10.63x
Total Debt
$37.3M
Total Equity
$31.2M
Revenue
$157M
Net Profit
$4.71M
Debt TEV
0.34x
TEVNet Income
23.36x
Enterprise Value Sales
0.7x
Five Year Compounded Annual Growth Rate Of Revenue
2.97%
Three Year Compounded Annual Growth Rate Of Revenue
7.32%
Political Donations
$500
2013
$500
2010
$500
2009
Suppliers
Arrow Electronics, Inc. Wholesale: Technology | Englewood, CO

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, with 2011 sales of $21.4 billion. Arrow serves as a supply channel partner for more than 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries. A Fortune 200 company with 15,700 employees worldwide, Arrow brings technology solutions to a breadth of markets, including telecommunications, information systems, transportation, medical, industrial and consumer electronics.

Avnet, Inc. Internet Software & Services | Phoenix, AZ

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

Competitors
Benchmark Electronics, Inc. Electrical Products - Angleton, TX

Benchmark Electronics, Inc. provides integrated electronic manufacturing services, engineering and design services, and precision machining services. The company provides services to original equipment manufacturers of industrial control equipment telecommunication equipment, computers and related products for business enterprises, medical devices, and testing and instrumentation products. Its services include comprehensive and integrated design and manufacturing services and solutions from initial product concept to volume production, including direct order fulfillment and aftermarket services. The company was founded by Cary T. Fu, Steven A. Barton and Donald E. Nigbor in 1979 and is headquartered in Angleton, TX.

Kimball Electronics, Inc. Engineering, Construction & Architecture - Jasper, IN

Kimball Electronics, Inc. engages in the provision of engineering, manufacturing, and supply of chain services to customers in the automotive, medical, industrial and public safety end markets. It offers the following solutions: design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies; industrialization and automation of manufacturing processes; reliability testing; assembly, production, and packaging of other related non-electronic products; supply chain services; and complete product life cycle management. The company was founded in July 1961 and is headquartered in Jasper, IN.

Plexus Corp. Electrical Products - Neenah, WI

Plexus Corp. engages in the provision of electronic manufacturing services. The firm partners with companies to transform concepts into branded products and deliver them to the market. It has partnerships with customers in the healthcare and life sciences; industrial and commercial; communications; and aerospace and defense market sectors. The company operates through the following geographical segments: Americas (AMER); Europe, Middle East, and Africa (EMEA); and Asia-Pacific (APAC). Plexus was founded by Peter Strandwitz, Shirani Ramin and John L. Nussbaum in 1979 and is headquartered in Neenah, WI.

Awards & Honors
Rank #6
2012
Forbes Magazine - 50 Best Small Companies 2012
Sponsored by Forbes Media LLC
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by IEC Electronics Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of IEC Electronics Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and IEC Electronics Corp..