MARKET SECTORS AND MAJOR CUSTOMERS

9 Months Ended

Jun. 28, 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		Nine Months Ended
% of Sales by Sector	June 28, 2019	June 29, 2018	June 28, 2019	June 29, 2018
Aerospace & Defense	61%	60%	59%	62%
Medical	22%	22%	22%	21%
Industrial	17%	18%	19%	17%
	100%	100%	100%	100%

One individual customer represented 10% or more of sales for the three months ended June 28, 2019. This customer was from the aerospace & defense sector and represented 24% of sales. One individual customer represented 10% or more of sales for the nine months ended June 28, 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 three months ended June 29, 2018. One customer was from the aerospace & defense sector and represented 25% of sales, while one was from the medical sector and represented 11% of sales for the three months ended June 29, 2018. Two individual customers each represented 10% or more of sales for the nine months ended June 29, 2018. One customer was from the aerospace & defense sector and represented 23% of sales, while one customer was from the medical sector and represented 11% of sales for the six months ended June 29, 2018.

One individual customer represented 10% or more of receivables and accounted for 26% of the outstanding balance at June 28, 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.