NEWARK, NY – Electronics manufacturing services company IEC Electronics Corp. reported fourth-quarter revenue of $34.9 million, up 27.8% year-over-year.

Net income was $2.6 million, up 63% compared to the same period last year.

Approximately $1.1 million stems from an adjustment related to Southern California Braiding.

For fiscal year 2011, IEC reported revenue of $133.3 million, up 37.8% compared to fiscal 2010.

Net income after tax was $6.8 million, up 44.7% year-over-year.

“2011 was a solid year for IEC, as we continue to improve our operating performance and make strong inroads into the medical sector. Our backlog grew substantially, despite continued economic turbulence. The fiscal 2011 closing backlog was over $121 million, as compared to a fiscal 2010 closing backlog of $91.4 million. $12.7 million of the backlog increase from fiscal 2010 was associated with the SCB acquisition made in December 2010,” said W. Barry Gilbert, chairman of the board and CEO.

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