Exhibit 99.2
Supplemental financial data posted on the website of IEC Electronics
Corp. (www.iec-electronics.com/2ndquarter2003pr.htm) on May 5, 2003
<table>
IEC ELECTRONICS CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
MARCH 28, 2003 AND SEPTEMBER 30, 2002
(in thousands, except for share data)
<caption>
MARCH 28,2003 SEPTEMBER 30,2002
(Unaudited)
<s> <c> <c>
ASSETS
Current Assets:
Accounts receivable $ 4,775 $ 5,480
Inventories 3,390 3,412
Other current assets 257 186
Current Assets - discontinued operations 207 348
--------- ---------
Total current assets 8,629 9,426
--------- ---------
Fixed Assets:
Land and land improvements 768 768
Building and improvements 3,995 3,995
Machinery and equipment 46,501 46,501
Furniture and fixtures 5,850 5,850
-------- ---------
Sub-total gross property 57,114 57,114
Less accumulated depreciation (53,609) (52,781)
-------- ---------
Total fixed assets - net 3,505 4,333
-------- ---------
Asset held for sale - 497
Other non-current assets 246 -
Non-current assets - discontinued operations 1 809
-------- ---------
$ 12,381 $ 15,065
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Current portion of long-term debt $ 2,374 $ 3,128
Accounts payable 4,275 6,250
Accrued payroll and related expenses 548 697
Other accrued expenses 822 1,497
Other current liabilities - discontinued
operations 300 1,426
--------- ---------
Total current liabilities 8,319 12,998
--------- ---------
Long-term vendor payable 760 -
Long-term debt 1,283 1,268
--------- ---------
Total liabilities 10,362 14,266
--------- ---------
Shareholders' Equity:
Preferred stock, par value $.01 per share
Authorized - 500,000 shares;
Issued and outstanding - none - -
Common stock, par value $.01 per share
Authorized - 50,000,000 shares
Issued and outstanding - 7,957,460 and
7,692,076 shares, respectively 80 77
Treasury stock, 573 shares; at cost (11) (11)
Additional paid-in capital 38,473 38,418
Retained earnings (36,470) (37,640)
Accumulated other comprehensive loss -
Cumulative translation adjustments (53) (45)
--------- ---------
Total shareholders' equity 2,019 799
--------- ---------
$ 12,381 $ 15,065
</table>
Page 1 of 2
<table>
IEC ELECTRONICS CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS AND SIX MONTHS ENDED MARCH 28, 2003 AND MARCH
29, 2002 (in thousands, except share and per share data)
<caption>
3 MONTHS ENDED 3 MONTHS ENDED 6 MONTHS ENDED 6 MONTHS ENDED
MARCH 28, 2003 MARCH 29, 2002 MARCH 28, 2003 MARCH 29, 2002
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
<s> <c> <c> <c> <c>
Net sales $ 15,469 $ 13,478 $ 25,070 $ 24,687
Cost of sales 14,223 13,747 22,835 24,577
--------- --------- --------- ---------
Gross profit (loss) 1,246 (269) 2,235 110
--------- --------- --------- ---------
Selling and admin. expenses 900 1,459 1,653 2,755
Restructuring expense (benefit) - 400 (63) 400
--------- --------- --------- ---------
Operating profit (loss) 346 (2,128) 645 (3,045)
Interest and financing expense (191) (266) (388) (423)
Forgiveness of accts payable 378 - 623 -
Other income, net 9 - 105 -
--------- --------- --------- ---------
Net income (loss) before
income taxes 542 (2,394) 985 (3,468)
Income taxes - - - -
--------- --------- --------- ---------
Net income (loss) from
continuing operations 542 (2,394) 985 (3,468)
Discontinued operations:
Income (loss) from operations
of IEC-Mexico disposed of
(net of income taxes of $0,
($7), $0, and ($36),
respectively 184 (1,437) 184 (2,525)
--------- --------- --------- ---------
Net income (loss) $ 726 $ (3,831) $ 1,169 $ (5,993)
========== ========= ========= =========
Net income (loss) per common and common equivalent share:
Basic and Diluted
Income (loss) from
continuing operations $ 0.07 $ (0.31) $ 0.13 $ (0.45)
Income (loss) from
discontinued operations $ 0.02 $ (0.19) $ 0.02 $ (0.33)
Income (loss) available
to common shareholders $ 0.09 $ (0.50) $ 0.15 $ (0.78)
Weighted average number of common and common equivalent shares outstanding:
Basic 7,896,659 7,691,503 7,795,800 7,691,503
Diluted 8,178,102 7,691,503 8,022,291 7,691,503
</table>
Page 2 of 2