WAYNE, Pa. – AD, the member-owned contractor and industrial products wholesale buying/marketing group, reported a 15% increase in member sales, across 12 AD divisions in 9 industries, totaling $23 Billion through the first six months of 2019.
On a same-store basis, by business unit, six-month PHCP sales were up 5%; Industrial/PT sales were up 4%; Electrical sales were up 2%; and Building Materials was up 2%. By country, same-store sales in the U.S. grew 4%; Canada was up 4% and Mexico decreased 7%.
Bill Weisberg, AD’s CEO comments on the results: “2019 is running well ahead of plan and previous year for us. AD’s diversity in market segments, countries and industries is serving us well. Although we’ve been the largest group in member sales for some time now, it’s been extremely gratifying to have over 200 new members join us in 2019, as well [as] 200 new supplier partners.”Tagged with AD, financial results