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Graybar, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported sales of $1.38 billion for the second quarter of 2012, an increase of 0.8 percent compared with the same period in 2011. The company also reported $42.8 million in profit for the quarter, a 78.5 percent increase.
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Graybar is No. 5 on MDM’s list of the Top 25 electrical distributors.
“We are focused on executing our strategic plan as we look to achieve long-term profitable growth for the company,” said Kathleen M. Mazzarella, Graybar’s president and CEO. “Despite slower growth in net sales in the second quarter compared to last year, Graybar’s financial condition remains strong. The sale of company properties boosted our net income for the second quarter, and our employees continued to deliver the proven solutions and personal service on which our customers depend.”
Graybar has more than 240 North American distribution facilities.