AD Reports Record Breaking Member Sales of $10.2 Billion in Q3
AD, the contractor and industrial products wholesale buying/marketing group, reported sales for all AD members, across twelve AD Divisions and three countries hit a new record during the third quarter of 2017 of $10.2 Billion.
Through the first nine months of the year, member sales grew by 11 percent to $28 Billion. Purchases from AD suppliers grew by 16 percent. Distributions to members were up 13%.
On a same store basis, by industry, electrical sales were up 13 percent through nine months; PHCP was up 13 percent; Industrial/PT were up 10 percent; and building materials was up 16 percent. By country, Same store sales in the U.S. grew 10 percent; Canada was up 11 percent and Mexico grew 12 percent.
Bill Weisberg, AD’s chairman and CEO comments “The record breaking numbers of the last nine months exceeded expectations and reflect the strong, smart and unwavering dedication of AD independents to outperform the market. Growth in Q3 accelerated over our strong first half. Highlights of the third quarter include the creation of our twelfth division, AD Decorative Brands, which supports the ever growing showroom industry, and the launch of the AD Disaster Relief Foundation (www.ADFoundation.com) to get relief to the hard working people at AD Member and Supplier companies surviving disasters like Hurricane Harvey, Maria and the California Wildfires.”