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

Exhibit 99.2

IEC ELECTRONICS CORP - CONSOLIDATED

BALANCE SHEET

JUN 26, 2009 AND SEP 30, 2008

(In Thousands)

	JUN 26, 2009			SEP 30, 2008
ASSETS
CURRENT ASSETS
Cash		0			0
Accounts Receivable		9,976			10,345
Inventories		6,592			6,230
Deferred Income Taxes		1,908			1,908
Other Current Assets		116			61
Total Current Assets		18,592			18,544
NET FIXED ASSETS		1,944			853
NON-CURRENT ASSETS
Deferred Income Taxes		13,557			14,727
Other Non-Current Assets		50			60
TOTAL ASSETS		34,143			34,184
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Short Term Borrowings		1,197			1,098
Accounts Payable		4,214			6,125
Accrued Payroll and Related Taxes		970			808
Other Accrued Expenses		398			603
Other Current Liabilities		292			664
Total Current Liabilities		7,071			9,298
LONG TERM DEBT		7,864			8,910
TOTAL LIABILITIES		14,935			18,208
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Issued – 9,549,420, Outstanding – 8,536,547
Common stock, par value $.01 per share		95			93
Treasury Shares at Cost - 1,012,873 shares		(1,413	)		(223	)
Additional Paid-in Capital		40,490			40,124
Retained Earnings		(19,964	)		(24,018	)
TOTAL SHAREHOLDER’S EQUITY		19,208			15,976
TOTAL LIABILITIES & EQUITY		34,143			34,184

IEC ELECTRONICS CORP - CONSOLIDATED

STATEMENT OF INCOME

FOR QUARTER END & YTD JUN 26, 2009 AND JUN 27, 2008

(In Thousands)

	ACTUAL			PRIOR			ACTUAL			PRIOR
	QUARTER			QUARTER			YTD			YTD
	JUN 26, 2009			JUN 27, 2008			JUN 26, 2009			JUN 27, 2008
Sales		17,346			11,888			49,538			34,988
Cost of Sales		14,556			10,475			41,908			31,046
Gross Profit		2,790			1,413			7,630			3,942
Less: Operating Expenses
Selling & G&A		1,463			828			4,214			2,580
Restructuring		0			0			0			0
Total Operating Expenses		1,463			828			4,214			2,580
Operating Profit		1,327			585			3,416			1,362
Interest and Financing Expense		90			106			304			281
(Gain)/Loss on Disposal of Fixed Assets		0			0			(5	)		(2	)
Other Expense/(Income)		(151	)		302			(212	)		301
Net Income before Income Taxes		1,388			177			3,329			782
Provision for /(benefit from)Income Tax		485			(691	)		(724	)		(1,181	)
Net Income		903			868			4,053			1,963