Canadian AD Electrical Members Show Solid Growth in Q3: AD Group Up 8%
Canadian Affiliated distributor members combined to grow 14% in the third quarter, eclipsing the performance of the domestic market. Together Canadian members’ growth supported the overall Affiliated distributors advance in North America of 85 across all AD divisions.
Total sales for the first three quarters of the year were $23 billion. All AD divisions are projected to accomplish another record breaking year in 2014 by exceeding $30 billion in sales.
By division, AD member third quarter sales grew as follows:
• U.S. Electrical up 13%
• Canadian Electrical up 14%
• Industrial up 2%
• Plumbing up 13%
• PVF was flat in a down market
• HVAC up 7%
• Building Materials up 18% year over year.
“AD continues to operate efficiently by leveraging our economies of scale and utilizing our advanced treasury function,” says Bill Weisberg, AD’s Chairman and CEO. “The investment we earn, despite the current short-term interest rate environment, not only covers all of the organization expenses, it enables us to invest in innovative programs and services to help AD independent market leaders fight the battles of today and tomorrow.”
In the first three quarters of 2014, AD members hired 2,221 new employees, opened over 71 new locations and made 15 acquisitions.
Affiliated Distributors (AD) is the largest industrial and construction products buying and marketing group in North America. AD provides independent distributors and manufacturers of construction and industrial products with support and resources that accelerate growth. The 540+ plus independently owned members span seven industries and three countries with annual sales in excess of $30 billion.
