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Electrical, communications and data networking products distributor Graybar, St. Louis, reported third quarter sales of $2 billion, a 5.9% increase compared to the same period last year. Profit for the quarter was $48.8 million, down 8.8% from the same period in 2018.
For the first nine months of the year, the company reported net sales of $5.7 billion, a 6.9% increase compared to the same period last year. Net income for the first nine months of the year increased 9.2% to $130.1 million.