NEWARK, NY--(Marketwire - Oct 31, 2012) - IEC Electronics Corp. (
To qualify for the Forbes Best Small Companies List, companies must have sales between $5 million and $1 billion, a stock price no lower than $5, and be publicly traded for at least one year. Rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over five years. Additionally, Forbes compares the stock performance of each company with that of its peers. The list excludes financial institutions, REITs, utilities and limited partnerships.
W. Barry Gilbert, Chairman of the Board and CEO, stated, "We are pleased to have achieved a top ten ranking on the Forbes 100 Best Small Companies list for the second consecutive year. Last year, Forbes ranked us 3 out of 100 companies and before that in 2009, we were ranked 29 out of 200 companies. We're grateful for the distinction and believe that this recognition is an endorsement of the strength and dedication of our management team and employees in delivering the unique capabilities our company offers its customers."
About IEC Electronics
IEC Electronics Corporation is a premier provider of electronic manufacturing services ("EMS") to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The Company specializes in the custom manufacture of high reliability, complex circuit cards, system level assemblies, a wide array of custom cable and wire harness assemblies, precision sheet metal products, and advanced research and testing services. As a full service EMS provider, IEC is a world-class ISO 9001:2008, AS9100 and ISO13485 certified company. The AS9100 certification enables IEC to serve the military and commercial aerospace markets. The ISO13485 certification supports the quality requirements of medical device markets. The Company is also ITAR registered and NSA approved under the COMSEC standard. Dynamic Research and Testing Laboratory (DRTL) the Company's newest business unit, is an ISO 17025 accredited laboratory specializing in the testing and detection of counterfeit electronic parts, as well as component risk mitigation and advanced failure analysis. IEC Electronics is headquartered in Newark, NY (near Rochester) and also has operations in Victor, NY, Rochester, NY, Albuquerque, NM and Bell Gardens, CA. Additional information about IEC can be found on its web site at www.iec-electronics.com.