AD member sales up 7 percent
AD reported a 7 percent increase in member sales, across 12 AD divisions, totaling $10.2 billion. Purchases from AD suppliers grew by 8 percent in the first quarter.
On a same store basis, by business unit, Q1 PHCP sales were up 5 percent; Industrial / PT sales were up 4 percent; Electrical sales were up 3 percent; and Building Materials were up 5 percent. By country, same store sales in the U.S. grew 5 percent; Canada was up 3 percent and Mexico grew 5 percent.
“Coming off record-breaking back to back years we are pleased with the growth we achieved in Q1. Canada was a little softer than expected as were parts of our U.S. Electrical operations. However, our industrial, HVAC and PVF businesses were well above plan," said Bill Weisberg, chairman and CEO. "Our membership is growing organically. We are adding far more members than we are losing to consolidation. This enables us to invest back into the business with new member services. The trajectory looks good.”
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.
