AD Member Sales Up 5.3% to US$16.7 Billion through First Half of 2016
August 2, 2016
AD, the US$32 billion contractor and industrial products wholesale buying / marketing group, reports that sales for all AD members, across all seven divisions and three countries, grew by 5.3% in 2016 Q2 YTD to US$16.7 Billion.
Bill Weisberg, AD’s Chairman and CEO, comments on the results, “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.”
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%.
