News
NEWARK, NY — EMS provider IEC Electronics Corp. reported third-quarter net profit rose 700% to $553,000, while sales jumped 110% to $11.2 million.
Fiscal year-to-date net profits are $579,000 on sales of $31.3 million. Both figures are up strongly over last year's revenue of $14.6 million and net loss of $137,000.
The company added 20 employees during the quarter, which ended June 29.
In a statement, chairman and CEO W. Barry Gilbert said order backlogs are "reasonably higher" than the $21.7 million figure reported at the end of fiscal 2006. Growth came from existing acounts; IEC did not add any new customers during the quarter.
NEENAH, WI - Plexus Corp., a top EMS firm, reported third-quarter net profits fell 38% on a 4.4% drop in sales.
RUSHFORD, MN - RiverBend Electronics Ltd. announced the opening of a 30,000 sq. ft. manufacturing facility in Rushford, MN.
The plant will focus on low-volume electronic assembly.
RiverBend says it created the business out of a need for product startup and end-of-life services in the industry. The company will provide circuit board assembly, box build, product distribution and any related process requirements.
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