AD reports record member sales
AD reported that member sales in the first nine months of 2024 increased 6% to a record $61 billion across AD’s 14 divisions and three countries.
Same-store sales increased by 3% in total, 2% in the U.S., 2% in Canada, and 11% in Mexico, in their respective currencies. Member purchases from AD suppliers grew 4% to $15.4 billion.
One-hundred-fiftheen new members joined AD year-to-date, including over 50 that joined as part of the Edge Group merger, effective January 1. This does not include members that are joining AD as part of the merger with IMARK Electrical, which closed on September 24th and is in the integration process. AD members also acquired another 36 companies outside of AD.
“Our community has had a strong third quarter with impressive growth," said AD CEO Bill Weisberg. "We continue to outpace industry growth and consolidation across our industries and, with the addition of the incoming members joining us from IMARK Electrical, we expect our membership to grow to at least 1,250 members by the start of the year.
Earlier this week, we concluded the last of our seven annual member and supplier industry conferences and it’s been incredible over the last nine months to see the ways that our community comes together and finds new ways to win together. We expect to finish the year strong, and I look forward to partnering with our AD owner/member independents, supplier partners, service providers and associates to do so.”
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
