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IEH CORP - $IEHC STOCK NEWS

Welcome to our dedicated page for IEH news (Ticker: $IEHC), a resource for investors and traders seeking the latest updates and insights on IEH stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect IEH's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of IEH's position in the market.

Rhea-AI Summary

IEH Corp (IEHC) has secured over $5 million in new orders for its Hyperboloid connectors to support various US military programs and overseas allies, boosting munitions reserves. President and CEO Dave Offerman highlights the importance of IEH's connectors in critical defense systems amid global tensions, expecting increased demand following recent congressional funding approval.

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IEH Corporation (IEHC) reports a decrease in revenue for the 3rd quarter of fiscal year 2024 compared to the same period in 2023, along with operating and net losses. However, the company anticipates revenue recovery in the current quarter, aiming to outperform last year's total revenue and reduce losses. Cost-cutting measures and backlog strength are expected to drive margin improvement and growth in fiscal 2025. Despite challenges, IEH remains on a recovery path, focusing on defense and commercial aerospace markets, with plans for expansion into other industries.
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-9.06%
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IEH Corporation (IEHC) has filed its quarterly reports on Form 10-Q for the fiscal quarters ending June 30, 2023, and September 30, 2023. The company reported a 14.7% increase in revenues for both quarters compared to the same periods in the previous year. However, there were operating and net losses for both quarters, with a basic loss per share of $.56 for the first quarter of fiscal year 2024 and $.46 for the second quarter of fiscal year 2024. IEH's President and CEO, Dave Offerman, highlighted the improvement in financial metrics but acknowledged that the company has not yet reached pre-COVID revenue and net income levels. Offerman also mentioned a 28% higher backlog and the company's up-to-date SEC filings, expressing gratitude to shareholders for their patience and support.
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1.27%
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IEH Corporation (IEHC) appoints Subrata Purkayastha as permanent Chief Financial Officer, after her successful completion of the Super 10-K audit and publication. The company expresses excitement about her leadership and looks forward to continued recovery and growth.
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IEH Corporation announces the addition of Brian Glenn to its board of directors.
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IEH Corporation files 10-Qs and 10-K for fiscal year ended March 31, 2023
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IEH Corporation announces the addition of John Spiezio to its board of directors and the resignation of Sonia Marciano from the board. Spiezio brings extensive experience in the aerospace and defense industries. Marciano served on the board for seven years.
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IEH Corporation (OTC:IEHC) Announces $2 Million in New Orders for Hyperboloid Connectors in Support of US Military's APKWS Program
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-9.38%
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IEH Corporation announced that it has booked over $1 million in new orders for their hyperboloid connectors in support of the Boeing 737Max jet. This is a positive development for the company and signifies the recovery of the commercial aviation industry. The influx of orders indicates that the return to pre-COVID levels of production is approaching.
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IEH CORP

OTC:IEHC

IEHC Rankings

IEHC Stock Data

15.47M
1.24M
47.85%
Electronic Connector Manufacturing
Manufacturing
Link
United States of America
Brooklyn

About IEHC

since 1941, ieh has been manufacturing superior products for demanding applications. whether it’s printed circuit board connectors, signal or power contacts, or custom interconnects, our focus is delivering the right connector solution for your application. our connectors and contacts employ hyperboloid contact technology, an advanced, proven interface designed specifically for the most stringent requirements and harshest environments.