Graybar, St. Louis, MO, distributor of electrical and communications products and related supply chain management and logistics services, reported sales were $5.4 billion in 2008, an increase of 2.7% from 2007. The company also posted profit of $87.4 million, up 4.8%.
CEO Robert Reynolds said: "Our employee ownership model drives us to consistently focus on serving our customers and manufacturing partners. The results of our efforts are reflected in Graybar's healthy financial statements, including our low debt position. We are well positioned for these uncertain times and believe we are equally well prepared for when the economy turns the corner."