Aug 1, 2023
AD has strong sales
AD had member sales of $37.8 billion in the first six months of 2023, an increase of 5% compared to the first six month of 2022 across 14 divisions and three countries. Purchases by member companies from AD suppliers reached $9.7 billion year over year. Net distributions to members grew 5% to a record $673.9 million.
AD member same-store sales grew 8% through the first six months compared to the prior-year period. Same-store sales in the US were up 9%, while those for companies headquartered in Canada were up 5%.
AD’s strongest same-store performers, by division, were bearings and power transmission (+15%), US industrial (+14%), US safety (+14%), and US electrical (+11%).
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