Graybar reports that the company finished 2013 with record net sales of $5.7 billion, a 4.5 percent increase compared to 2012.
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"Graybar’s solid performance in 2013 demonstrates a consistent focus on serving our customers and growing our business," commented Graybar’s chairman, president and CEO, Kathleen M. Mazzarella. "Last year, we expanded our reach by opening 14 new locations, enhanced our product and service offering and invested in our employees," added Mazzarella. "We are proud of our achievements for the year and believe our investments in 2013 will contribute to Graybar’s continued success in 2014 and beyond."
The distributor notes that it also earned net income of $81.1 million in 2013 -- a decrease of 6.1 percent compared to the previous year. This comparative decrease was primarily due to gains from the sale of company properties in 2012, according to a press release. Graybar is a top North American distributor of electrical, communications and data networking products and related supply chain management and logistics services.