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): November 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 November 13, 2018, IEH Corporation announced by press release its financial results for its fiscal quarter ended September 28, 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 November 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: November 13, 2018 |
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EXHIBIT INDEX
Exhibit Number |
Description |
99.1 | Press Release dated November 13, 2018. |
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Exhibit 99.1
IEH Corporation Announces Second Quarter Fiscal Year 2019 Results
BROOKLYN, N.Y., November 13, 2018 - IEH Corporation (OTC: IEHC) today announced results for the second quarter of fiscal year 2019, ended September 28, 2018.
IEH Corporation reported revenues of $6.6 million for the second quarter of fiscal year 2019, an increase of 9% as compared to revenues of $6.06 million for the second quarter of fiscal year 2018. For the six months ended September 28, 2018, revenue was $15.6 million, compared to $11.05 million in the first six months of fiscal year 2018, an increase of 42%. Gross profit margin for the quarter held steady at 39%, similar to the same quarter of the prior year. However, the Company reported net income of $946,304 for the current quarter, or $.41 per share, compared to net income of $564,660, or $.24 per share, in the same quarter of the prior year, an increase of 71%.
Dave Offerman, President and CEO of IEH Corporation commented, “We’re pleased to see our successes continue as fiscal 2019 progresses. Despite the conclusion of a substantial contract at the end of the first quarter, our growth in revenue and net income continue unabated, due in large part to the increased efforts of our growing sales force, and the health and bright prospects 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 2nd half of the fiscal year.”
About IEH Corporation
For over 77 years and four 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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