AD sales up 9 percent
Affiliated Distributors reported sales for all AD members across all seven divisions and three countries grew by 9% in 2016 Q1 YTD to a record $8.7 billion.
Some of this quarter’s growth can be attributed to AD’s newest division, AD Canada Plumbing & Heating. On a same store basis, AD member sales grew 3%.
"Business conditions continue to be challenging in many regions and segments; but there are strong spots, too. And clearly, AD members, in every division, are taking share," said Bill Weisberg, AD chairman and CEO. "With the guidance and support of our AD Board of Directors, we are utilizing our growing economies of scale to make strategic investments to help our members grow now and into the future. AD eCommerce Solutions, AD HR Services, and AD Indirect Spend Services are three such areas of focus.”
Over the last 12 months, AD members hired 1,267 new employees, opened 20 new locations and made five acquisitions.