AD member sales up 8%
Wayne, Pa.-based buying group AD reported sales for all AD members across all seven divisions and three countries grew by 8% in 2017 Q1 to $8.9 billion.
By country, AD member U.S. sales were up 8%. AD Canada was up 9% and AD Mexico grew 15%. By industry, electrical was up 10%; PHCP was up 8%; Industrial/PT were up 7% and building materials was up 16%.
“We are pleased to see AD independents continued to take market share and grow at a pace greater than their overall industries and countries,” AD Chairman and CEO Bill Weisberg said. “Construction markets were robust with commodity pricing turning from deflationary to inflationary. Industrial markets are doing a good-bit better than 2016. Purchases from AD suppliers grew by 17% in QA and net distributions to AD members grew by 18%. We are utilizing this growth to increase the profitability of our members and make strategic investments in technology, people and services. We continue to be bullish about the balance of the year.”