AD 1Q Sales Jump 35%, Top $17B

The Wayne, Pennsylvania-based organization reported ‘record results’ for its members during 2022’s first quarter.
Descartes 1Q fiscal 2023 earnings

Distributor organization AD reported 2022 first-quarter member sales of $17.2 billion, an increase of 35% across its 13 divisions and three countries compared to 1Q 2021.

Same-store sales for the most recent quarter were up 27%, as all of AD’s divisions experienced double-digit sales growth, the organization said.

Purchases by member companies from AD supplier partners were up 35% to $4.46 billion. Net distributions to its members were up 61% to $347.5 million. Thirteen independents also joined during the quarter, AD said.

“We are excited to announce a strong start for AD this year coming on the heels of a record-breaking 2021,” AD’s Chairman and CEO Bill Weisberg said. “As we recognize our members and suppliers that kept up last year’s momentum, giving us confidence in another successful year, we welcome our new members who align with our commitment to outperforming the market. I am continuously inspired by our robust community of incredibly resilient and growth-oriented members and suppliers, and I look forward to working closely with them to build upon their success.”

 

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