Ieh Corp. (OTC:IEHC)

Ieh Corp (OTCQB:IEHC) ($17.00; $39.4M market cap), a company that designs, develops, and manufactures printed circuit connectors for high performance applications, filed a NT-10Q which shows its expected sales and EPS for Q1 2020:

• Sales of $7.5 million vs $9.0 million in the prior year.  The decrease in Revenues (Net Sales) for the current three-month period can be attributable to the completion of a large customer contract which was fulfilled by the end of the first fiscal quarter last year, and at this time, the reasonable expectation is that this customer’s business will not be repetitive.

• EPS of $0.39 vs $0.98 in the prior year. The decrease in Net Income for the current three-month period can be attributed primarily to the decrease in operating revenues for the current three-month period.

Ieh Corp (OTCQB:IEHC) ($12.30; $28.5M market cap), designs, develops, and manufactures printed circuit connectors for high performance applications announced Q2 2019 results:

• Sales of $6.6 million vs $6.0 million in the prior year
• EPS of $0.41 vs $0.24 in the prior year

“We're pleased to see our successes continue as fiscal 2019 progresses. Despite the conclusion of a substantial contract at the end of the first quarter, our growth in revenue and net income continue unabated, due in large part to the increased efforts of our growing sales force, and the health and bright prospects of the primary industries we serve, Defense and Commercial Aerospace. Aided by a strong cash position, manageable inventory and a solid backlog, we look forward to a successful 2nd half of the fiscal year."

You can see our past coverage on IEHC here.

Ieh Corp (OTCQB:IEHC) ($12.05; 27.9M market cap), designs, develops, and manufactures printed circuit connectors for high performance applications announced Q1 2019 results:

• Sales of $9.0 million vs $4.9 million in the prior year
• EPS of $0.98 vs $0.13 in the prior year

“We're very proud to see our success of the last fiscal year continue into the first quarter of this year, as our top and bottom lines continue to grow. It's worth noting that the results of this quarter, as well as the fourth quarter of last fiscal year, were particularly striking, and due in large part to a substantial contract that has now been completed. So while we anticipate solid results for the rest of this fiscal year, we don't expect this pace to follow the unusually high numbers of the first quarter. Regardless, we maintain a historically high backlog, and with the increase in our production output and the opportunities in our pipeline, we look forward to continued success in the coming months."

Ieh Corp (OTCQB:IEHC) ($8.35; 19.2M market cap), designs, develops, and manufactures printed circuit connectors for high performance applications.  The company filed a 10-Q after hours on Friday and has yet to issue a press release. The company reported Q3 2018 results:

• Sales of $5.2 million vs $4.8 million in the prior year

• EPS of $0.21 vs $0.14 in the prior year

We maintain a small long position in IEHC as we continue to watch the company's progress to see if they can start reporting consistent growth. They have a habit of reporting lumpy results.

IEHC ($6.66) announced a special one time cash dividend of $0.25.  Quotes from management:

"It is with great pleasure that we announce this one-time special cash dividend to our shareholders. IEH has enjoyed solid results over the past several years and the dedication and hard work of our management, employees and distributor network as well as investments made in our product design and facilities are yielding the results we envisioned. Upon reviewing the Company's balance sheet and cash flow, management and the Board have determined that it is appropriate to return some cash to its shareholders. IEH continues to have more than sufficient liquidity to meet its operating and capital expenses and its business goals."

Third Quarter 2017 Results:

• Sales of $14.5 million vs $14.9 million in the prior year
• EPS of $0.52 vs $0.57 in the prior year

Q1 2015 Results

IEH CORPORATION

STATEMENT OF OPERATIONS

(Unaudited)

For the Three Months Ended June 27, 2014 and June 28, 2013

Form 10-K

IEH CORPORATION

STATEMENTS OF OPERATIONS

For the Years Ended March 28, 2014 and March 29, 2013

IEH CORPORATION

STATEMENT OF OPERATIONS

(Unaudited)

We will start tracking the Ieh Corp story.

• Operating revenues for the nine months ended December 25, 2009 amounted to $8,951,957 reflecting a 12.86% increase versus the nine months ended December 26, 2008 revenues of $7,932,098. The sharp increase in revenues can be attributed to a dramatic increase in commercial aerospace spending, new customers in the medical device manufacturing sector as well as internal production efficiencies.
  
• For the third quarter EPS were came in at $0.13 vs. $0.03.

The company has flirted with nice EPS growth periods from time to time and this sector seems to on a strong reboung. We need to witness consistency or receive direction from management in order to gain conviction on this story.

Please note the that the company has very little IR presence.