Affiliated Distributors (AD), Wayne, PA, reported a +10% increase in total member sales across all of its divisions, totaling $30.8 billion through the first nine months of the year. Purchases from AD suppliers also grew by 13% YTD. Projections put AD member sales surpassing the $40 billion milestone in 2018.
On a same-store basis, by industry, Q3 YTD electrical sales were up +9%; PHCP (plumbing, heating, cooling and piping) sales were up 13%; Industrial/Power Transmission (PT) sales were up +11%; and Building Materials were up +5%. By country, same store sales in the U.S. grew +10%; Canada was up +8% and Mexico grew +14%.
Bill Weisberg, AD’s chairman and CEO said in the press release, “Q3 was a busy one for us at AD. We completed our eighth merger, doubling the size of the AD Bearings & Power Transmission division; broke attendance records at all our Fall meetings; introduced new HR and Procurement Service Providers; and AD eCommerce Solutions built close to one million more SKUs, now closing in on 4 million normalized and attributed SKUs for AD members to use in their digital branches. Perhaps the biggest highlight of Q3 was the organization successfully transitioned to being member owned.”