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Graybar, St. Louis, MO, reported first-quarter sales of $1.53 billion, an increase of 4.5 percent compared to the same period a year ago.
Profit increased 17.4 percent to $17.7 million.
“After five consecutive years of record net sales, Graybar sustained its momentum in the first quarter of 2017,” said Kathleen M. Mazzarella, chairman, president and CEO of Graybar. “We set a new record for first quarter net sales by focusing on profitable growth, delivering exceptional service and strengthening our position in the supply chain. We will continue to execute on these strategic priorities as we pursue new opportunities to grow and innovate for the future.”