AURORA, CO -- Advanced Circuits reported second-quarter revenue decreased 6% to $21.8 million as lower sales for long lead-time and quickturn PCBs were partially offset by growth in assembly.

Second quarter EBITDA margins were 29.7%, compared to 33% in the year-ago period.

During the period the PCB manufacturer announced plans to buy Micom Circuits. 

 Elias Sabo, a partner at ACI's parent Compass Diversified Holdings, called business "stable ... but choppy."

"The defense side of the business continues to remain relatively weak and has not popped back up. And this business is tied to what the economy is doing. The first half of the year didn't have great GDP growth numbers. And this business was kind of just muted."

Sales for the six months ended June 30 fell 2.7% to $43.3 million. Adjusted EBITDA was $13.3 million, down 6.3% year-over-year.

Company management said that based on ACI's results to date, full-year 2016 earnings will be in line or slightly below 2015's full-year results.

Register now for PCB West, the Silicon Valley's largest trade show for the printed circuit industry, taking place Sept. 13-15 in Santa Clara: pcbwest.com

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