MARKET SECTORS AND MAJOR CUSTOMERS

9 Months Ended

Jun. 26, 2020

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 26, 2020	June 28, 2019	June 26, 2020	June 28, 2019

Aerospace & Defense	59%	61%	60%	59%
Medical	28%	22%	26%	22%
Industrial	13%	17%	14%	19%
	100%	100%	100%	100%

Four individual customers represented 10% or more of sales for the three months ended June 26, 2020. Three of these customers were from the aerospace & defense sector and represented 27%, 11% and 10% of sales. The fourth customer was from the medical sector and represented 17% of sales for the three months ended June 26, 2020. Four individual customers represented 10% or more of sales for the nine months ended June 26, 2020. Three of these customers were from the aerospace & defense sector and represented 26%, 11% and 10% of sales. The fourth customer was from the medical sector and represented 16% of sales for the nine months ended June 26, 2020

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 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 represented 10% or more of receivables and accounted for 43% of the outstanding balance at June 26, 2020. Two individual customers represented 10% or more of receivables and accounted for 38% of the outstanding balance at September 30, 2019.

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.