AD Reports Record-breaking Member Sales of $10.2B in Q3
Through the first nine months of the year, member sales grew by 11 percent to $28 billion
WAYNE, Pa. — AD, the contractor and industrial products wholesale buying/marketing group, reported sales for all AD members across 12 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 percent.
On a same store basis by industry, electrical sales were up 13 percent through nine months; plumbing, heating, cooling, and piping (PHCP) was up 13 percent; industrial/PT were up 10 percent; and building materials were 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.
“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,” said Bill Weisberg, chairman and CEO, AD. “Growth in Q3 accelerated over our strong first half. Highlights of the third quarter include the creation of our 12th 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.”
For more information, visit www.adhq.com.
Publication date: 11/04/17
Looking for quick answers on air conditioning, heating and refrigeration topics? Try Ask ACHR NEWS, our new smart AI search tool. Ask ACHR NEWS
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
