AD Reports Record Sales in the First Three Months of 2024
Sales hit a record $19.5 billion.
AD reports that member sales in the first three months of 2024 hit a record $19.5 billion, a 7% increase across AD’s 14 divisions and three countries.
Same-store sales increased by 3% in the U.S., 2% in Canada, and 5% in Mexico, in their respective currencies. Member purchases from AD suppliers grew 2% to $4.7 billion.
71 new members joined AD in the first quarter of the year, including 50 that joined as part of the Edge Group merger, effective January 1. AD members also acquired another 10 companies outside of AD.
AD CEO Bill Weisberg said, “Our community of independent distributors remains focused on growth and enhancing their already strong positions within their local markets. The AD team and I are pleased to be making a positive difference in the success of our dedicated owner/members and our supplier partner companies.”
About AD
AD is the largest contractor and industrial products wholesale purchasing cooperative in North America. AD provides independent distributors and manufacturers of construction and industrial products with support and resources that accelerate growth and enhance profitability. Our 900-plus independent owner/members span 14 divisions in the U.S., Mexico and Canada with annual sales exceeding $75 billion. AD’s 14 divisions cover industries including electrical, industrial, safety, bearings and power transmission, plumbing, PVF, HVAC, decorative brands and building materials.
For more information, visit www.adhq.com
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
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Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
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