AD member sales up 29 percent
AD reported that total member sales in the first six months of 2022 were $36.1 billion, an increase of 29 percent across its 13 divisions and three countries.
Total member sales were 56 percent ahead of their pre-pandemic level in 2019.
Same-store sales increased 22 percent over the first six months of 2021.
Purchases by member companies from AD supplier partners were up a record 31 percent to $9.81 billion. Purchases in each month in the first half of 2022 increased from the previous month, and April, May and June of 2022 have been all-time record months.
Net distributions to AD members increased by 46 percent to $642.3 million. Net distributions per business unit were up 60 percent in Plumbing, Heating, Cooling and Pipe, 52 percent in Electrical & Industrial, 41 percent in Building Materials and 18 percent in Canada.
The addition of AD Building Supplies – Canada as AD’s 14th division, as a result of AD’s merger with TORBSA Limited, will be reflected starting in AD’s nine-month financial report.
“We are extremely pleased with another strong quarter of collaboration and positive results for our members, associates and suppliers,” said Bill Weisberg, chairman and CEO. “The numbers testify to the positive impact that our community’s independent but collaborative spirit has on all our businesses.”
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.
