AURORA, CO – Advanced Circuits reported first quarter sales of $23.1 million, up 4.5% from last year. Adjusted EBITDA rose to $7.4 million for the period ended Mar. 31, up 7.2%.
Net income was $3.7 million, and EBITDA was $7.21 million. That compares to net income of $3.12 million and EBITDA of $2.27 million in the year-ago period.
For the quarter ended Mar. 31, Compass Diversified, the parent company of Advanced Circuits, generated net sales of $402.5 million, up 1.9% from a year ago, and adjusted EBITDA of approximately $60 million, up 4%.