IEH Corporation Second Quarter Report

November 25, 2011

IEH Corporation (OCTQB: IEHC.OB) reported revenues for its second quarter ended September 23, 2011 were flat at $3.3 million.  Net income for the period increased 22% to $257 thousand or $0.11 per share.

For the first six months of the fiscal year revenues increased 2.4% to $6.8 million.  Net income for the period was nearly flat at $605 thousand or $0.26 per share.  The increase in revenue was offset by an increase in cost of goods sold and SG&A expenses.

The company maintains a small, but relatively strong balance sheet with cash of $635 thousand, total assets of $8 million and total liabilities of $766 thousand.  The company’s assets are heavily weighted to inventory accounting for half of total assets.

Source: IEH Corporation

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