UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): August 13, 2018
IEH Corporation
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER: 0-5278
New York | 13-5549348 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
140 58th Street, Suite 8E |
Brooklyn, New York 11220 |
(Address and zip code of principal executive offices) |
(718) 492-4440
(Registrant's telephone number, including area code
CHECK THE APPROPRIATE BOX BELOW IF THE FORM 8-K FILING IS INTENDED TO SIMULTANEOUSLY SATISFY THE FILING OBLIGATION OF THE REGISTRANT UNDER ANY OF THE FOLLOWING PROVISIONS:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 | Results of Operations and Financial Condition |
On August 13, 2018, IEH Corporation announced by press release its financial results for its fiscal quarter ended June 29, 2018. A copy of the press release is attached hereto as Exhibit 99.1.
The information in Item 2.02 of this Current Report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Item 2.02 of this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 | Financial Statements and Exhibits |
(d) | Exhibits |
Exhibit 99.1 – Press Release, dated August 13, 2018
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
IEH Corporation | ||
By: /s/ Robert Knoth | ||
Name: Robert Knoth | ||
Title: Chief Financial Officer | ||
Date: August 13, 2018 |
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EXHIBIT INDEX
Exhibit Number |
Description |
99.1 | Press Release dated August 13, 2018. |
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Exhibit 99.1
IEH Corporation Announces First Quarter Fiscal 2019 Results
BROOKLYN, N.Y., August 13, 2018 - IEH Corporation (OTC: IEHC) today announced results for the first quarter of Fiscal Year 2019, ended June 29, 2018.
IEH Corporation reported revenues of $9.043 million for the first quarter of fiscal year 2019, an increase of 81% as compared to revenues of $4.993 million for the first quarter of fiscal year 2018. Gross profit margin for the year was 48% as compared to 33% for the same quarter of the prior year. The Company reported net income of $2.26 million for the quarter, or $.98 per share, compared to net income of $325,000, or $.13 per share, in the same quarter of the prior year. This represents a more than sevenfold increase in Net Income.
Dave Offerman, President and CEO of IEH Corporation commented, “We’re very proud to see our success of the last fiscal year continue into the first quarter of this year, as our top and bottom lines continue to grow. It’s worth noting that the results of this quarter, as well as the fourth quarter of the last fiscal year, were particularly striking, and due in large part to a substantial contract that has now been completed. So while we anticipate solid results for the rest of this fiscal year, we don’t expect this pace to follow the unusually high numbers of the first quarter. Regardless, we maintain a historically high backlog, and with the increase in our production output and the opportunities in our pipeline, we look forward to continued success in the coming months.”
About IEH Corporation
For over 77 years and 4 generations of family-run management, IEH Corporation has designed, developed, and manufactured printed circuit board (PCB) connectors, custom interconnects and contacts for high performance applications. With its signature Hyperboloid technology, IEH supplies the most durable, reliable connectors for the most demanding environments. The company markets primarily to companies in defense, aerospace, space and industrial applications, in the United States, Canada, Europe, Southeast and Central Asia and the Mideast. The company was founded in 1941 and is based in Brooklyn, New York.
Dave Offerman
ph: 718-492-9698
fx: 718-492-9898
dave@iehcorp.com
ISO 9001:2015
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