AD’s 9-Month Results Suggest Stabilization Underway

CEW AD 9month 400

Nov 2, 2020

Calling on strengths like adaptability, innovation, independence and leadership, the AD community is seeing signs of stabilization and recovery as it reports 2020 nine-month results. On a year-to-date basis, group purchases from AD suppliers were down slightly, by 2%. Net rebate distributions to members were at the same level as 2019. September’s member purchases from AD supplier partners saw a 1% increase from the same time last year, the first increase since April.

On a same-store basis, member sales across all AD’s divisions and countries were down 6% through the first nine months of this year, to $33 billion. By business unit, nine-month Plumbing, Heating, Cooling and Piping same store sales were down 2%; Electrical sales were down 7%; Building Materials sales were down 6%; and Industrial and Safety sales were down 9%.

AD’s CEO Bill Weisberg said, “Our community has always been passionate about growth, and while we’re powering through and surviving the toughest times we’ve faced in a long time, we are making a collective commitment to getting back to what we do best: growing, leading and innovating. I’m immensely optimistic about our ability to rebound from these challenges and come back stronger than ever.”


Related Articles

Changing Scene

Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…