Electrical Business

Business News
AD reports record breaking member sales of $10.2 billion in Q3


November 6, 2017
By Ellen Cools

November 6, 2017 — AD has reported that sales for all AD members, across twelve AD divisions and three countries, hit a new record of $10.2 billion during the third quarter of 2017.

On a same store basis, by industry, electrical sales were up 13% through nine months; PHCP was up 13%; industrial/PT were up 10%; and building materials was up 16%.

By country, same store sales in Canada grew 11%; the U.S. was up 10% and Mexico grew 12%.

Through the first nine months of the year, AD member sales grew by 11% to $28 billion. Purchases from AD suppliers grew by 16% and distributions to members were up 13%.

Advertisment

“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, AD’s Chairman and CEO. “Growth in Q3 accelerated over our strong first half. Highlights of the third quarter include the creation of our twelfth division, AD Decorative Brands, which supports the ever growing showroom industry, and the launch of the AD Disaster Relief Foundation to get relief to the hard working people at AD member and supplier companies surviving disasters like Hurricane Harvey, Maria and the California wildfires.”



learning curve Sponsored Content
Post your tech sheets, white papers, new technology etc. Contact Anthony Capkun