AD, the contractor and industrial products wholesale buying/marketing group, reported a 7 percent increase in member sales, across 12 AD divisions, totaling $10.2 billion. Purchases from AD suppliers grew by 8 percent in Q1.
On a same store basis, by business unit, Q1 PHCP sales were up 5 percent; Industrial/PT sales were up 4 percent; Electrical sales were up 3 percent; and Building Materials was up 5 percent. By country, same store sales in the U.S. grew 5 percent; Canada was up 3 percent, and Mexico grew 5 percent.
“Coming off record-breaking back to back years, we are pleased with the growth we achieved in Q1," says Bill Weisberg, AD’s chairman and CEO. "Canada was a little softer than expected, as were parts of our U.S. electrical operations. However, our industrial, HVAC, and PVF businesses were well above plan. Our membership is growing organically. We are adding far more members than we are losing to consolidation. This enables us to invest back into the business with new member services. The trajectory looks good.”