6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Graybar, St. Louis, MO, distributor of electrical and communications products, reported profit of $66.2 million during the first three quarters of 2007, an increase of 41.7% over the same period in 2006.
During the first three quarters of 2007, sales increased to $3.92 billion, a 4.3% increase over the same period in 2006. The sales increase resulted from organic growth and reflected expansion in the electrical and communications/data markets. In comparison to the first three quarters of 2006, income from operations grew 29.8% during the first nine months of 2007.
Our net income through the third quarter this year is greater by almost $9 million than our annual net income in 2006," said Robert A. Reynolds Jr., president and CEO of Graybar. "Such positive results demonstrate that our long-range strategy is working."