IEH Corporation (OTCQX:IEHC) has announced its second-quarter report for the fiscal year 2027, which concluded on June 30, 2026. The company has demonstrated notable growth compared to the same period a year earlier.
For the first quarter of fiscal year 2027, IEH Corporation recorded revenues of $10,021,446, marking a remarkable 59% increase from $6,308,155 reported in the same quarter of the previous fiscal year. This surge in revenue is complemented by an operating profit of $664,802, a turnaround from an operating loss of $755,306 experienced in the first quarter of fiscal year 2026.
The company's net income for the quarter was $654,466, reversing a net loss of $654,618 noted in the prior year. Additionally, IEH's basic earnings per share improved to $0.26 from a loss of $0.27 in the same period last year.
IEH Corporation's backlog reached nearly $40 million, the highest in its history, indicating a strong pipeline for future revenues. Management has acknowledged the growing demand across several sectors, including defense, aerospace, and medical markets, as a key driver of these results.
Dave Offerman, President and CEO, expressed optimism regarding the company's achievements, stating the results reflect an outstanding quarter. He also recognized the impact of stabilized gold prices, which have helped to enhance profit margins more rapidly than anticipated. The company is actively hiring and expanding its capacity to meet rising demand, while maintaining a strong sales pipeline for continued growth through fiscal year 2027 and beyond.
Despite the positive financial outcomes, IEH Corporation is mindful of potential risks. The company faces ongoing scrutiny regarding past periodic reports and inventory accounting issues, which could adversely affect future performance. Management advises caution regarding these forward-looking statements, emphasizing the inherent uncertainties they may involve.
For the quarter ended June 30, 2026, IEH Corporation reported revenues of $10,021,446, which represents a 59% increase compared to $6,308,155 for the same quarter in 2025.
IEH Corporation reported a net income of $654,466 for the first quarter of fiscal year 2027, in contrast to a net loss of $654,618 for the same quarter in the previous year.
IEH Corporation reported an operating profit of $664,802 for the first quarter of fiscal year 2027, which is a significant improvement compared to an operating loss of $755,306 for the same quarter in fiscal year 2026.
IEH Corporation reported a backlog of nearly $40 million, the highest in the company's history. This backlog indicates potential future revenue, although it does not guarantee that these orders will be fulfilled or converted into revenue.
For the first quarter of fiscal year 2027, IEH Corporation reported a basic gain per share of $0.26, reversing from a basic loss per share of $0.27 reported for the same quarter in fiscal year 2026.
IEH Corporation noted potential risks that could affect their performance, such as ongoing claims or investigations related to past due periodic reports, challenges in remediating their inventory accounting issues, and the impact of changes in the macroeconomic environment.
IEH Corporation markets its products primarily to sectors including defense, aerospace, medical, space, and industrial applications, primarily across the United States, Canada, Europe, Southeast and Central Asia, and the Mideast.
The company has included cautionary statements indicating that forward-looking statements are not guarantees of performance and that actual results may differ materially due to various risks and uncertainties discussed in their SEC filings.