AD Q2 sales up 5.3 percent
AD reported sales for all AD members grew by 5.3% in the second quarter to $16.7 billion.
“Economic conditions are mixed; but the AD community is diversified, strong and growing. Our team is focused on continuing that positive momentum and bringing added value and innovative programs to our members and suppliers," said Bill Weisberg, chairman and CEO of the $32 billion contractor and industrial products wholesale buying / marketing group.
On a same store basis by country, AD U.S. was flat; AD Canada was up 8% and AD Mexico grew 25%. By industry, Building Materials was up 16%; HVAC was up 9%; Plumbing was up 4%; Electrical was flat; Bearings & Power Transmission was down 1%; PVF was down 2%; and Industrial was down 5%.