AD sales up 8 percent in first quarter
Contractor and industrial products wholesale buying/marketing group AD reported sales for AD members grew by 8% in the first quarter.
By country, AD member U.S. sales were up 8%; AD Canada was up 9% and AD Mexico grew 15%. By industry, Electrical was up 10%; PHCP was up 8%; Industrial / PT were up 7%; and Building Materials was up 16%.
"We are pleased to see that AD independents continued to take market share and grow at a pace that’s greater than their overall industries and countries," said Bill Weisberg, AD’s chairman and CEO. "Construction markets were robust with commodity pricing turning from deflationary to inflationary. Industrial markets are doing a good bit better than 2016. Purchases from AD Suppliers grew by 17% in Q1, and Net Distributions to AD Members grew by 18%. We are utilizing this growth to increase the profitability of our Members and make strategic investments in technology, people and services. We continue to be bullish about the balance of the year.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
