On July 31, independent distributor organization AD announced that member sales in the first half of 2023 reached $37.8 billion, an increase of 5% across its 14 divisions.
Purchases by member companies from AD suppliers reached $9.7 billion, while net distributions to members grew 5% to a record $673.9 million, AD said in a news release.
AD member same-store sales grew 8% during the first half, while same-store sales in the U.S. were up 9%. For companies headquartered in Canada and Mexico, same-store sales increases were 5% and 7%, respectively.
By division, AD’s best same-store performers were Bearings & Power Transmission (+15%), U.S. Industrial (+14%), U.S. Safety (+14%) and U.S. Electrical (+11%).
“Just like other periods where there’s been elevated consolidation activity, we see the remaining independents gaining share in their local markets,” AD CEO Bill Weisberg said.
Read more about the recent AD news here.
Related Posts
-
The company reported sales of $253.8 million for its fiscal fourth quarter, which ended March…
-
Tom Gale and IRCG’s Mike Marks debrief from attending ISA23, with a deeper discussion on…
-
The organization’s newly elected director is François Deschênes, who is President & CEO of Deschênes…
