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Graybar Sales Up 7% in First Quarter

Graybar, St. Louis, MO, reported first-quarter sales of $1.6 billion, an increase of 7 percent compared to the same period a year ago.

Profit increased 19.3 percent to $21.1 million.

“After six consecutive years of record net sales, Graybar sustained its momentum in the first quarter of 2018,” said Kathleen M. Mazzarella, chairman, president and CEO of Graybar. “As we look ahead, we will continue to invest in people, technology and service innovation to power a new era of distribution. We remain focused on delivering an exceptional customer experience, driving accelerated growth and transforming the supply chain for the future.”

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