WAYNE, PA — Contractor and industrial products wholesale buying/marketing group AD reported sales for all AD members, across 12 AD Divisions and three countries, hit a new record of $10.2 billion during the third quarter of 2017.
Through the first nine months of the year, Member sales grew by 11 percent year-over-year to $28 billion. Purchases from AD Suppliers grew by 16 percent, while distributions to Members were up 13 percent.
On a same-store basis, by industry, Electrical sales were up 13 percent through nine months; PHCP was up 13 percent; Industrial/Power Transmission 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 President & CEO"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 AD chairman and CEO Bill Weisberg, commenting on the results. "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."
