AD, Wayne, PA, reported record member sales of $55.8 billion through the first nine months of 2022, up 26% from the prior-year period. The sales come across AD’s 14 divisions.
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Same-store sales are up 22% through nine months from the prior-year period. Purchases by member companies from AD suppliers are $15.2 billion, up 27%. Net distributions to AD members are up 38% to $924.5 million.
AD’s merger with Torbsa in July, which resulted in the addition of AD Building Supplies – Canada, is reflected in AD’s nine-month financial report. Fifty-three members have joined AD through the first nine months, including 26 from the merger.
“The AD community has had an incredible year so far and we’re confident in a strong close to 2022,” said Bill Weisberg, Chairman and CEO. “With our owner/members and supplier partners committed to collaboration and the long-term success of independent businesses, I continue to see a bright future ahead.”