AD reports record Q1 results
AD announced first-quarter records in member sales, member purchases from AD supplier partners, and net distributions.
Member sales were $17.2 billion, an increase of 35 percent across its 13 divisions and three countries compared to the first quarter of 2021. Same-store sales were up 27 percent. All 13 of AD’s divisions experienced double-digit sales growth.
Purchases by member companies from AD supplier partners were up 35 percent to $4.46 billion. Net distributions to its members were up 61 percent to $347.5 million.
Additionally, 13 independents joined the group in the first three months.
“We are excited to announce a strong start for AD this year coming on the heels of a record-breaking 2021,” said Bill Weisberg, chairman and CEO. “As we recognize our members and suppliers that kept up last year’s momentum, giving us confidence in another successful year, we welcome our new members who align with our commitment to outperforming the market. I am continuously inspired by our robust community of incredibly resilient and growth-oriented members and suppliers, and I look forward to working closely with them to build upon their success.”
INDUSTRIAL SUPPLY MAGAZINE
The September/October issue of Industrial Supply magazine features an in-depth cover story about Kurz Industrial Solutions. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Hockett, as well as interviews with numerous product and distribution industry experts.
