AD sales up 12 percent in quarter
AD reported a 12 percent increase in member sales across 12 AD divisions, totaling $9.7 billion.
Purchases from AD Suppliers grew by 12 percent in the first quarter year to date and distributions to members were also up 12 percent.
On a same-store basis, by industry, PHCP sales were up 12 percent; Industrial/PT sales were up 11 percent; Electrical sales were up 10 percent; and Building Materials was up 4 percent. By country, same-store sales in the U.S. grew 10 percent; Canada was up 9 percent and Mexico grew 10 percent.
“AD members across every division in North America experienced record breaking growth. The continued growth of our members is encouraging, especially after our record setting performance in 2017," said Bill Weisberg, AD chairman and CEO.
He added that the wholesale buying/marketing group added 15 new members in the quarter, 17 new suppliers and 5 new HR and procurement service providers.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
