AD Reports Record Sales and Net Distributions for First Three Months of 2023

May 1, 2023

AD is reporting that member sales in the first three months of 2023 reached a new Q1 record of $18.3 billion, an increase of 6% across 14 divisions and three countries.

Purchases by member companies from AD suppliers reached $4.63 billion. Net distributions to members grew 11% in the quarter to $386.3 million.

Same-store member sales increased 12%, led by 19% growth in AD’s U.S. Electrical Division and its Bearings & Power Transmission Division. Same store sales were positive for every AD Division when measured in their own currency.

AD CEO Bill Weisberg commented: “Just like other periods where there’s been elevated consolidation activity, independents flourish. Plus, we welcomed 16 new independents to the AD community in the quarter, while existing AD members purchased an additional 14 companies.”

Source

Related Articles


Changing Scene

  • ABB Designs Time-Saving ENT Fittings for Construction Projects

    ABB Designs Time-Saving ENT Fittings for Construction Projects

    As Canada’s construction industry prepares for long-term growth, durable, locally produced materials and efficient installation methods are propelling the industry forward. An essential component of building electrical systems, ABB Installation Products engineered new Carlon Flex-Plus Blue electrical non-metallic tubing (ENT) two-piece fittings to help speed and simplify conduit installations and meet demanding project timelines. Read More…

  • ABB Simplifies Electrical Installations With New Snap-in Fittings

    ABB Simplifies Electrical Installations With New Snap-in Fittings

    The integration of smart technology, energy management systems and enhanced security features is reshaping the Canadian electrical industry. These installations often require electricians to work with new systems and products under tight project timelines, especially in high-demand sectors such as healthcare and commercial construction. To streamline installations, ABB Installation Products engineered new Iberville snap-in fittings… Read More…


Peers & Profiles