AD announces Q2 results
Affiliated Distributors reported sales for all its members across all seven group divisions grew by 4% in the second quarter of 2015 to $16.7 billion.
“AD members and our supplier partners continue to work together to take share and win in the market place,” AD Chairman and CEO Bill Weisberg said. “Our industry executives and member-led divisional boards are working hard to provide growth opportunities for our members through innovative new initiatives such as e-commerce, HR professional services, as well as conversions, marketing and incentive programs. We also are actively recruiting growth-oriented distributors and best-in-class suppliers to join the organization.”
Weisberg noted during the quarter the buying group announced a merger with Canaplus, which marks an expansion into the Canadian plumbing and heating industries. “New markets, new geographies and core member growth are three pillars to our strategic growth plans,” he added.
By division, AD member second-quarter sales grew as follows: U.S. Electrical up 5%; Canadian Electrical up 11%; Industrial up 1%; Plumbing up 5%; PVF up 3%; HVAC up 7%; and Building Materials up 11% year over year.