Graybar on March 9 reported that the company achieved record performance in 2022, including record net sales, income from operations and net income.
As stated in a press release, last year, Graybar’s net sales increased 20.2% -- growing from $8.8 billion in 2021 to $10.5 billion in 2022.
Meanwhile, Graybar’s income from operations for 2022 was $653.8 million, an increase of 59.3% from 2021.
Finally, net income attributable to Graybar finished at $452.9 million n 2022, a 72.6% increase from the previous year.
A Fortune 500 corporation and one of the largest employee-owned companies in North America, Graybar is a specialist in the distribution of electrical, communications and data networking products, and related supply chain management and logistics services.
Graybar's chairman, president and CEO Kathleen M. Mazzarella, commented:
“I am very proud of our outstanding performance in 2022. Thanks to the extraordinary work of our employees, we finished the year with record results and surpassed $10 billion in sales for the first time in our company’s history. As we look to the future, we will continue to manage our business wisely, invest in growth and explore new opportunities to strengthen our long-term position as a leader in supply chain innovation.”
Visit www.graybar.com.
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