IEC Electronics Corp (NASDAQ:IEC) CEO Jeff Schlarbaum tells Proactive the Newark, New York-based group’s 1Q 2021 financial results revealed that net income climbed 29% year-over-year to $1.5 million, and top-line revenue improved to $47.5 million, a 6% increase from the same period last year.
Schlarbaum commented on how a year-end coronavirus spike affected the group, and the impact the new Biden presidency will have on the sector. He believes the group is competitively positioned to continue to win new customers and programs, and is ‘poised for a strong Q2.’
Story by ProactiveInvestors
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