Printed Circuit Design & Fab Online Magazine - Advance Circuits' Parent Co. Takes Loss

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Printed Circuit Design & Fab Magazine

WESTPORT, CT – PWB fabricator Advance Circuits’ parent company took a fourth-quarter net loss of $100,000.

Compass Diversified Holdings, which owns businesses in a number of end markets, reported a net loss of $100,000 for the period ended Dec. 31, compared to a net income of $2.4 million in the same period of 2008.

The firm posted a net loss of $39.6 million for the full year 2009, compared to net income of $81.8 million for 2008.

The firm reported cash flow of $17.9 million for the fourth quarter, up 60% year-over-year.

Cash flow for 2009 was $37 million, down 37% year-over-year.