2023 Six Month Report Copy 64ca6c8699b88

AD’s Electrical Division Sees +11% Increase in Same-Store Sales for 2023's First Six Months

Aug. 2, 2023

AD, the Wayne, PA-base buying/marketing group, said member sales for the first six months of 2023 reached a new record of $37.8 billion, an increase of +5% across 14 divisions and three countries. Purchases by member companies from AD suppliers reached $9.7 billion. Net distributions to members grew +5% to a record $673.9 million.

AD member same-store sales grew +8% through the first six months of 2023. Same-store sales in the U.S. were up+ 9%, while those for companies headquartered in Canada and Mexico were up 5%, respectively. AD’s strongest same-store performers, by Division, were Bearings & Power Transmission (+15%), U.S. Industrial (+14%), U.S. Safety (+14%) and U.S. Electrical (+11%).

Commenting on the current state of various AD industries, AD CEO Bill Weisberg said in the press release, “Just like other periods where there’s been elevated consolidation activity, we see the remaining independents gaining share in their local markets.”

AD also reported six-month records for the following AD programs and services: AD eCommerce; the AD Center for Independent Distributor Leadership; AD warehouse sales to AD members; AD Rewards; and AD Conferences.

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