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St. Louis, MO-based Graybar, a distributor of electrical, communications and data networking products and No. 4 on MDM’s list of the top 25 electrical distributors, reported sales of $1.45 billion in the third quarter of 2011, and profit of $32.5 million. Sales were up 16.7 percent from the third quarter of 2010.
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Sales for the first nine months reached $4.01 billion, an increase of 18.8 percent compared with the same period last year.
Profit for first three quarters of the year grew to $68 million.
“We continue to achieve strong organic growth and have set two monthly sales records this year,” said Robert
A. Reynolds, Jr., president and CEO of Graybar. “Our positive earnings performance reflects the decisions we made before,
during and after the economic downturn to focus on our long-term strategy and work to our customers’ advantage.”
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| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
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| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
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