Graybar marks $1.3B sales record
Graybar reports record first quarter results.
Graybar recently reported record net sales of $1.3 billion for the first three months of 2014, a 2.3 percent increase compared to the same period last year. The distributor added that its net income for the quarter was $11.3 million -- a 42.5 percent increase from the first quarter of 2013.
"I am pleased with our strong start to the year as we overcame the severe winter weather to drive positive results," commented Kathleen M. Mazzarella, chairman, president and CEO of Graybar.
Mazzarella added, "We continue to invest in our business by opening new locations, expanding our sales organization and enhancing our e-commerce capabilities. We have a strong footprint in the marketplace, and our long-term growth efforts remain focused on working to our customers’ advantage."
Graybar is one of North America's top distributors of electrical, communications and data networking products and related supply chain management and logistics services.