IEC ELECTRONICS overview

NEWARK, N.Y. and BOSTON, Oct. 05, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the successful completion of the tender offer (the “Offer”) by CTI Acquisition Corp. for all of the issued and outstanding shares of common stock of IEC for a price of $15.35 per share in cash, without interest and less any applicable withholding taxes. The Offer expired at 5:00 p.m., New York city time, on October...

NEWARK, N.Y. and BOSTON, Oct. 01, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced that CTI Acquisition Corp. (“Merger Sub”), an entity controlled by Creation, had extended the offering period of the previously commenced cash tender offer by Merger Sub to purchase all of the issued and outstanding shares of common stock of IEC to 5:00 p.m., New York City time, on October 4, 2021, unless further...

NEWARK, N.Y. and BOSTON, Sept. 24, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced that CTI Acquisition Corp. (“Merger Sub”), an entity controlled by Creation, had extended the offering period of the previously commenced cash tender offer by Merger Sub to purchase all of the issued and outstanding shares of common stock of IEC to 5:00 p.m., New York City time, on September 30, 2021, unless...

NEWARK, N.Y. and BOSTON, Aug. 12, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the signing of a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, representing a fully diluted equity value of approximately $173.8 million and an aggregate enterprise value of $242.3 million, based upon net debt of $68.6 million. The transaction...

NEWARK, N.Y., Aug. 12, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal third quarter ended July 2, 2021 of the fiscal year ending September 30, 2021 (“fiscal 2021”). Earlier today, IEC announced the signing of a definitive merger agreement with Creation Technologies Inc. (“Creation”) under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash. For further information, please refer to the press release...

NEWARK, N.Y., July 29, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that it will host a conference call on Thursday, August 12, 2021 at 10:00 a.m. Eastern Time, to discuss its financial results for the fiscal third quarter of 2021, ended July 2, 2021. The conference call may be accessed in the U.S. and Canada by dialing toll-free (877) 407-9210. International callers may access the call by dialing (201) 689-8049. A replay of the teleconference will be available...

NEWARK, N.Y., July 07, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced that it has been awarded a multi-year contract, valued in excess of $45 million, from a Tier 2 Department of Defense contractor. This award is a follow-on order extending IEC’s participation with a program it has supported for several years. In 2019 the contractor awarded IEC the entire outsourcing of this program associated with secured communications equipment for U.S. aircraft, ground...

NEWARK, N.Y., May 05, 2021 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (Nasdaq: IEC) today announced results for the fiscal 2021 second quarter ended April 2, 2021 (“fiscal 2021”). IEC reported revenues of $45.4 million for the second quarter of fiscal 2021, an increase of 2.7% as compared to revenues of $44.2 million for the second quarter of the year ended September 30, 2020 (“fiscal 2020”). Gross profit for the second quarter of fiscal 2021 was $3.3 million, or 7.3% of sales, compared...