AURORA, CO – Advanced Circuits reported net sales of $20.7 million for the fourth quarter, a decrease of 11.7% year-over-year.
Adjusted EBITDA was $5.4 million, down 28% compared to the fourth quarter of 2019.
During the quarter, capital expenditures were $240,000, compared to $3.7 million in the prior year period.
“I am incredibly proud of our strong fourth quarter and full year results, which underscore how CODI’s differentiated model has continued to perform across economic cycles,” said Elias Sabo, CEO of Compass Diversified, parent of Advanced Circuits.
For 2020, Advanced Circuits net sales were $88.1 million, down 3% compared to 2019. Adjusted EBITDA for the year was $26.3 million, a decrease of 9.1%.
Capital expenditures for the year were $594,000, compared to $4.8 million in 2019.
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