AD reported sales for all AD members, across 12 AD divisions and three countries hit a new record during the third quarter of 2017 of $10.2 billion.
Through the first nine months of the year, member sales grew by 11 percent to $28 billion. Purchases from AD suppliers grew by 16 percent. Distributions to members were up 13 percent.
On a same store basis, by industry, electrical sales were up 13 percent through nine months; PHCP was up 13 percent; industrial/PT were up 10 percent; and building materials was up 16 percent. By country, same store sales in the U.S. grew 10 percent; Canada was up 11 percent and Mexico grew 12 percent.
“The record-breaking numbers of the last nine months exceeded expectations and reflect the strong, smart and unwavering dedication of AD independents to outperform the market, said Bill Weisberg, AD’s chairman and CEO. “Growth in Q3 accelerated over our strong first half.”
Highlights of the third quarter include the creation of AD’s 12th division, AD Decorative Brands, which supports the ever-growing showroom industry, and the launch of the AD Disaster Relief Foundation to get relief to the hard working people at AD member and supplier companies surviving disasters such as recent hurricanes and wildfires in California.”