Iec Electronics (IEC) 8-K Results of Operations and Financial Condition

Exhibit 99.2

IEC ELECTRONICS CORP - CONSOLIDATED

BALANCE SHEET

DEC 26, 2008 AND SEP 30, 2008

(In Thousands)

	DEC 26, 2008			SEP 30, 2008
ASSETS
CURRENT ASSETS
Cash		0			0
Accounts Receivable		10,088			10,345
Inventories		6,514			5,566
Deferred Income Taxes		1,908			1,908
Other Current Assets		61			61
Total Current Assets		18,571			17,880
NET FIXED ASSETS		1,042			853
NON-CURRENT ASSETS
Deferred Income Taxes		13,592			14,727
Other Non-Current Assets		57			60
TOTAL ASSETS		33,262			33,520
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Borrowings		1,072			1,098
Accounts Payable		6,782			6,125
Accrued Payroll and Related Taxes		699			808
Other Accrued Expenses		547			603
Other Current Liabilities		255			0
Total Current Liabilities		9,355			8,634
LONG TERM DEBT		7,304			8,910
TOTAL LIABILITIES		16,659			17,544
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding – 9,345,898 shares
Common stock, par value $.01 per share		94			93
Treasury Shares at Cost (412,873 shares)		(223	)		(223	)
Additional Paid-in Capital		40,218			40,124
Retained Earnings		(23,486	)		(24,018	)
TOTAL SHAREHOLDER’S EQUITY		16,603			15,976
TOTAL LIABILITIES & EQUITY		33,262			33,520

IEC ELECTRONICS CORP - CONSOLIDATED

STATEMENT OF INCOME

FOR QUARTER END & YTD DEC 26, 2008 AND DEC 28, 2007

(In Thousands)

	ACTUAL		PRIOR			ACTUAL		PRIOR
	QUARTER		QUARTER			YTD		YTD
	DEC 26, 2008		DEC 28, 2007			DEC 26, 2008		DEC 28, 2007
Sales		15,857		11,160			15,857		11,160
Cost of Sales		13,623		10,013			13,623		10,013
Gross Profit		2,234		1,147			2,234		1,147
Less: Operating Expenses
Selling & G&A		1,287		754			1,287		754
Restructuring		0		0			0		0
Total Operating Expenses		1,287		754			1,287		754
Operating Profit		947		393			947		393
Interest and Financing Expense		124		93			124		93
Other Expense/(Income)		0		0			0		0
Net Income before Income Taxes		823		300			823		300
Provision for /(benefit from)Income Tax		291		(120	)		291		(120	)
Net Income		532		420			532		420