AD is reporting that member sales in the first six months of 2023 reached a new record of $37.8 billion, an increase of 5 percent across 14 divisions and three countries. Purchases by member companies from AD suppliers reached $9.7 billion. Net distributions to members grew 5 percent to a record $673.9 million.
AD member same-store sales grew 8 percent through the first six months of 2023. Same-store sales in the U.S. were up 9 percent, while those for companies headquartered in Canada and Mexico were up 5 percent in CAD and 7 percent in MXN, respectively.
AD’s strongest same-store performers by division were Bearings & Power Transmission (+15 percent), U.S. Industrial (+14 percent), U.S. Safety (+14 percent) and U.S. Electrical (+11 percent).
“Just like other periods where there’s been elevated consolidation activity, we see the remaining independents gaining share in their local markets,” AD CEO Bill Weisberg said about the current state of various AD industries.
AD also reported six-month records for the following programs and services: AD eCommerce, the AD Center for Independent Distributor Leadership, AD warehouse sales to AD members, AD Rewards and AD Conferences.