BROOKLYN, NY – IEH Corp. reported fiscal third quarter 2019 revenues of $6 million, an increase of 14% year-over-year.
Net Income was $788,880 for the quarter, up 66%, while operating Income increased 53%.
For the nine months ended Dec. 28, revenue was $21.6 million, up 33% compared to the same period the prior year.
''We're very pleased to see the trajectory of growth we've established over the last several years continue as fiscal 2019 approaches conclusion,” said Dave Offerman, president and CEO of IEH. “The impressive growth in our top line is surpassed only by the substantial gains of our bottom line. This is due in large part to our augmented sales and marketing efforts, streamlining of production processes, and the sustained health and growth of the primary industries we serve, Defense and Commercial Aerospace. Aided by a strong cash position, manageable inventory and a solid backlog, we look forward to a successful fourth quarter of the fiscal year.''