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% across 14 divisions and three countries. Purchases by member companies from AD suppliers reached $9.7 billion. Net distributions to members grew 5% to a record $673.9 million.
AD member same-store sales grew 8% through the first six months of 2023. Same-store sales in the U.S. were up 9%, while those for companies headquartered in Canada and Mexico were up 5% in CAD and 7% in MXN, respectively.
AD’s strongest same-store performers, by Division, were Bearings & Power Transmission (+15%), U.S. Industrial (+14%), U.S. Safety (+14%) and U.S. Electrical (+11%).
Commenting on the current state of various AD industries, AD CEO Bill Weisberg said: “Just like other periods where there’s been elevated consolidation activity, we see the remaining independents gaining share in their local markets.”
AD also reported six-month records for the following AD programs and services: AD eCommerce; the AD Center for Independent Distributor Leadership; AD warehouse sales to AD members; AD Rewards; and AD Conferences.
About AD
AD is the largest contractor and industrial products wholesale buying group in North America. AD provides independent distributors and manufacturers of construction and industrial products with support and resources that accelerate growth. Our 8 50 plus independent owner/members span 1 4 divisions in the U.S., Canada and Mexico with annual sales exceeding $ 70 billion. AD’s 1 4 divisions cover industries including electrical, industrial, safety, bearings and power transmission, plumbing, PVF, HVAC, decorative brands and building materials. For more information, visit www.adhq.com