AD member sales up 8% to $8.9 billion in 2017 Q1
May 3, 2017 - Sales for Affiliated Distributors (AD) members grew by 8% to $8.9 billion in 2017 Q1, across all seven divisions and three countries, according to the buying group.
AD Canada was up 9%, the report says, and by industry, electrical was up 10%; PHCP (plumbing, PVF & HVAC) was up 8%; industrial was up 7%; and building materials was up 16%.
“We are pleased to see that AD independents continued to take market share and grow at a pace that’s greater than their overall industries and countries,” said Bill Weisberg, AD chair and CEO. “Construction markets were robust with commodity pricing turning from deflationary to inflationary. Industrial markets are doing a good bit better than 2016. Purchases from AD suppliers grew by 17% in Q1, and net distributions to AD members grew by 18%. We are utilizing this growth to increase the profitability of our members and make strategic investments in technology, people and services. We continue to be bullish about the balance of the year.”
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