8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) - November 6, 2006

IEC Electronics Corp.

(Exact name of Registrant as Specified in its Charter)

Delaware

(State or other jurisdiction of Incorporation)

0-6508	13-3458955
(Commission File Number)	(IRS Employer Identification No.)

105 Norton Street, Newark, New York 14513

(Address of Principal Executive Offices)

(315) 331-7742

(Registrant's Telephone Number, including Area Code)

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Item 2.02Results of Operations and Financial Conditions

On November 6, 2006, IEC Electronics Corp. issued a press release announcing its financial results for the fiscal quarter and year ended September 30, 2006. A copy of the press release is furnished as Exhibit 99.1 to this report. On November 6, 2006, IEC Electronics Corp. posted on its website certain supplemental financial data for the fiscal quarter and year ended September 30, 2006. A copy of that information is furnished as Exhibit 99.2 to this report.

The information in this Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.

Neither the filing of any exhibit to this report nor the inclusion in such exhibits of a reference to IEC Electronics Corp.’s Internet address shall, under any circumstances, be deemed to incorporate the information available at such address into this report. The information available at IEC Electronics Corp.’s Internet address is not part of this report.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits

99.1   Press Release issued by IEC Electronics Corp. dated November 6, 2006.

99.2   Supplemental financial data posted on the website of IEC electronics Corp. () on November 6, 2006.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	IEC Electronics Corp.
	(Registrant)
Date: November 6, 2006	By:	/s/ W. Barry Gilbert
		W. Barry Gilbert
		Chairman, Chief Executive Officer

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EX-99.1

Exhibit 99.1

105 Norton Street · PO Box 271 · Newark, NY 14513 · Ph: (315) 331-7742 · Fax: (315) 331-3547 ·www.iec-electronics.com

IEC REPORTS VERY STRONG RESULTS FOR THE FOURTH QUARTER FISCAL 2006

·   Revenue increased by 95 % over Q4 2005

·   Net Income increased by $300,000 over Q4 2005

·   Improved financing agreement

Newark, New York - November 6, 2006 - IEC Electronics, Corp., (IECE.OB) reported results today for its fiscal fourth quarter, which ended September 30, 2006.

Revenues increased to $8.1 million for the fourth quarter of fiscal 2006 as compared with $4.1 million for the fourth quarter of fiscal 2005. Operating Income for the fourth quarter of fiscal 2006 was $447,000 or 5.5% of sales, as compared with operating income of $58,000 or 1.4% of sales for the fourth quarter of fiscal 2005. Net Income for the fourth quarter of fiscal 2006 was $352,000 or $0.04 per share, as compared with net income of $52,000, or less than $0.01 per share for the fourth quarter of fiscal 2005. Full year results for fiscal 2006 and 2005 are attached.

W. Barry Gilbert, Chairman of the Board and CEO, stated, “We are pleased with the results for the fourth quarter. The increased business brings the Company to the highest level of quarterly sales in over three years, and barring unforeseen events we expect sales and profitability to continue to show quarterly improvements over the same period from the previous year.

We continue to add new customers and experience growth from existing customers. Our backlog is also the largest it has been in three years. This growth has not come without challenges. Since June we have added more than 100 employees throughout the organization. Adding that number in a short period of time strains all parts of the Company. This pressure will continue through next quarter.

We are also pleased that we have been able to renegotiate our loan agreement with Keltic Financial LLC to increase our borrowing capacity and to reduce our associated borrowing costs.

The Company is moving in the right direction, and we continue to believe we are creating future value for our shareholders and opportunities for our employees.”

IEC is a full service, ISO-9001 registered EMS provider. The Company offers its customers a wide range of services including design, prototype and volume printed circuit board assembly, material procurement and control, manufacturing and test engineering support, systems build, final packaging and distribution. Information regarding IEC’s fourth quarter 2006 results can be found on its web site at www.iec-electronics.com/4th-quarter06release

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The foregoing, including any discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, the ability of the Company to assimilate acquired businesses and to achieve the anticipated benefits of such acquisitions, competition and technological change, the ability of the Company to control manufacturing and operating costs, satisfactory relationships with vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors set forth in the Company's 2006 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

Contact: Heather Keenan IEC Electronics Corp. (315) 332-4262

hkeenan@iec-electronics.com

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EX-99.2

Exhibit 99.2
IEC ELECTRONICS CORP - CONSOLIDATED
BALANCE SHEET
SEP 30, 2006 AND SEP 30, 2005
	Sep 30, 2006			SEP 30, 2005
ASSETS
CURRENT ASSETS
Cash		0			460,586
Accounts Receivable		4,940,755			2,343,994
Inventories		5,114,077			629,808
Deferred Income Taxes		250,000			250,000
Other Current Assets		124,271			279,732
Total Current Assets		10,429,103			3,964,120
PROPERTY, PLANT & EQUIPMENT		1,259,729			1,506,779
PREPAID DEBT ACQUISITION		28,889			66,893
		11,717,721			5,537,792
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Current Portion of Long Term Liabilities		3,764,993			345,149
Accounts Payable		3,852,585			917,608
Accrued Payroll and Related Taxes		265,450			263,744
Other Accrued Expenses		344,125			399,336
Total Current Liabilities		8,227,153			1,925,837
LONG TERM VENDOR PAYABLE		13,865			57,118
LONG TERM DEBT - TERM		385,000			535,000
LONG TERM DEBT - TOTAL		398,865			592,118
SHAREHOLDER'S EQUITY
Authorized - 50,000,000 shares
Outstanding - 8,397,209 shares
Common stock, par value $.01 per share		84,031			82,944
Treasury Stock		(223,253	)		(11,460	)
Additional Paid-in Capital		38,601,010			38,533,112
Retained Earnings		(35,370,085	)		(35,584,759	)
Total Shareholders' Equity		3,091,703			3,019,837
		11,717,721			5,537,792

IEC ELECTRONICS CORP - CONSOLIDATED

STATEMENT OF INCOME

FOR QUARTER END & YTD SEP 30, 2006 AND SEP 30, 2005

	ACTUAL			PRIOR			ACTUAL			PRIOR
	QUARTER			QUARTER			YTD			YTD
	SEP 30, 2006			SEP 30, 2005			SEP 30, 2006			SEP 30, 2005
Sales		8,054,280			4,120,068			22,619,898			19,065,934
Cost of Sales		7,006,017			3,606,267			19,866,470			16,435,091
Gross Profit		1,048,263			513,801			2,753,428			2,630,843
Less: Operating Expenses
Selling & G&A		601,027			455,947			2,156,247			2,164,721
Restructuring		0			0			0			119,654
Total Operating Expenses		601,027			455,947			2,156,247			2,284,375
Operating Profit		447,236			57,854			597,181			346,468
Interest and Financing Expense		(101,264	)		(84,457	)		(378,193	)		(362,911	)
Profit (Loss) on Sale of Assets		5,900			75,000			(4,567	)		270,165
Other Income (Expense)		32			3,109			253			31,664
Net Income before Income Taxes		351,904			51,506			214,674			285,386
Provision for Income Tax		0			0			0			0
Income from Discontinued Operations		0			0			0			0
Net Income		351,904			51,506			214,674			285,386