AD member sales up 3% in Q3
Wayne, Pa.-based buying group AD reported sales for all members across all seven divisions and three countries grew by 3% in 2015 Q3 year-to-date to $25.4 billion.
"Strong growth in residential and commercial markets was offset by increased softness within some industrial segments and lower copper prices,” AD Chairman and CEO Bill Weisberg said. “However, AD’s scale and efficiency ensures 100% of supplier rebates are distributed to our members and allows us to invest in people, services and innovative programs to support the business growth and profitability of our members. For example, the AD eContent Service program is enabling us to take the battle we fight, on behalf of independents, onto the Internet. Across seven divisions and three countries with more than $31 billion in annual sales, nearly 4,000 locations, over 500 independently owned members, and with 55,000 employees there is no entity that rivals AD for commitment to independent distribution.”