Quarterly ResultAug 7, 2026, 03:03 PM
IEH Corp Q1 Net Income $654K, Revenue $10.02M; Swings to Profit
AI Summary
IEH Corp reported a strong first quarter for fiscal year 2026, swinging to a net income of $654,466, or $0.26 per basic share, compared to a net loss of $654,618, or $(0.27) per basic share, in the prior year's quarter. Revenue saw a substantial increase of 58.9% to $10.02 million. The company also noted a significant shift in its revenue mix, with the defense sector contributing 75.5% of total revenue, and received waivers for covenant exceptions on its credit facilities.
Key Highlights
- Revenue increased by 58.9% to $10.02 million for Q1 2026, up from $6.31 million in Q1 2025.
- Swung to a net income of $654,466 in Q1 2026, compared to a net loss of $654,618 in Q1 2025.
- Basic earnings per share was $0.26 for Q1 2026, a significant improvement from $(0.27) in Q1 2025.
- Operating income was $664,802 in Q1 2026, reversing an operating loss of $755,306 in Q1 2025.
- Defense sector revenue grew to 75.5% of total revenue in Q1 2026, from 55.6% in Q1 2025.
- Two customers accounted for 46.1% of net sales during the three months ended June 30, 2026.
- Received waivers from Chase Bank for fixed charge coverage ratio covenant exceptions as of March 31, 2026.
Price Impact
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