AD earned record results in first half of 2022
September 9, 2022 By Staff
AD is reporting that total member sales in the first six months of 2022 were $36.1 billion, an increase of 29 per cent across its 13 divisions and three countries. Total member sales were 56 per cent ahead of their pre-pandemic level in 2019.
Same-store sales increased 22 per cent over the first six months of 2021.
Purchases by member companies from AD supplier partners were up a record 31 per cent to $9.81 billion. Purchases in each month in the first half of 2022 increased from the previous month, and April, May and June of 2022 have been all-time record months.
Net distributions to AD members increased by 46 per cent to $642.3 million. Net distributions per business unit were up 60% in Plumbing, Heating, Cooling and Pipe, 52 per cent in Electrical & Industrial, 41 per cent in Building Materials and 18% in Canada.
The addition of AD Building Supplies – Canada as AD’s 14th division, as a result of AD’s merger with TORBSA Limited, will be reflected starting in AD’s nine-month financial report.
“We are extremely pleased with another strong quarter of collaboration and positive results for our members, associates and suppliers,” said AD’s Chairman and CEO Bill Weisberg. “The numbers testify to the positive impact that our community’s independent but collaborative spirit has on all our businesses.”
AD is North America’s largest marketing/buying group for construction and industrial supplies. Its memberships comprises 845-plus independently owned member distributors, representing over 500 branches and annual sales of $58.5 billion across nine industries and three countries.
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