MARKET SECTORS AND MAJOR CUSTOMERS

6 Months Ended

Mar. 29, 2019

NOTE 10—MARKET SECTORS AND MAJOR CUSTOMERS

A summary of sales, according to the market sector within which IEC’s customers operate, follows:



	Three Months Ended		Six Months Ended
% of Sales by Sector	March 29, 2019	March 30, 2018	March 29, 2019	March 30, 2018
Aerospace & Defense	62%	64%	57%	63%
Medical	19%	22%	23%	20%
Industrial	19%	14%	20%	17%
	100%	100%	100%	100%

One individual customer represented 10% or more of sales for the three months ended March 29, 2019. This customer was from the aerospace & defense sector and represented 22% of sales. Two individual customers each represented 10% or more of sales for the six months ended March 29, 2019. One customer was from the aerospace & defense sector and represented 21% of sales, while one was from the medical sector and represented 11% of sales.

Two individual customers each represented 10% or more of sales for the three months ended March 30, 2018. One customer was from the aerospace & defense sector and represented 24% of sales, while one was from the medical sector and represented 10% of sales for the three months ended March 30, 2018. Three individual customers each represented 10% or more of sales for the six months ended March 30, 2018. Two customers were from the aerospace & defense sector, one represented 23% of sales and one represented 10% of sales, while one customer was from the medical sector and represented 11% of sales for the six months ended March 30, 2018.

One individual customer represented 10% or more of receivables and accounted for 20% of the outstanding balance at March 29, 2019. Three individual customers represented 10% or more of receivables and accounted for 55% of the outstanding balance at September 30, 2018.

Credit risk associated with individual customers is periodically evaluated by analyzing the entity’s financial condition and payment history. Customers generally are not required to post collateral.