AURORA, CO – Advanced Circuits reported third quarter revenue rose 3.5% over last year to $21.6 million.
Net income for the PCB fabrication was $1.21 million.
The quarter was driven by higher demand for quickturn PCBs, longer lead time PCBs, and subcontract sales, partially offset by decreased sales in quickturn small volume demand. EBITDA increased 5.3% compared to a year ago, reflecting changes in sales mix.
For the year to date, revenue is up 2.3% year-over-year to $66.4 million. Adjusted EBITDA is up 4% to $20.9 million. Net income to date is $7.3 million.