Exhibit 99.2

RECONCILIATION OF EBITDA TO COMPARABLE GAAP MEASURES

IEC ELECTRONICS CORP - CONSOLIDATED

RECONCILIATION OF OPERATING INCOME TO EBITDA

FISCAL YEARS ENDED SEPTEMBER 30, 2005 THROUGH SEPTEMBER 30, 2011

	SEP 30, 2011		SEP 30, 2010		SEP 30, 2009		SEP 30, 2008			SEP 30, 2007			SEP 30, 2006			SEP 30, 2005
Operating Income		10,388,335		7,686,738		4,819,219		2,392,173			985,564			597,868			346,468
Depreciation & Amortization Expense		3,256,859		1,224,000		282,000		377,661			410,455			676,190			1,015,445
Other Income		1,028,224		181,497		287,247		(306,000	)		(42,000	)		(5,000	)		302,000
EBITDA		14,673,419		9,092,235		5,388,466		2,463,834			1,354,019			1,269,058			1,663,913