Overall in 2017, Graybar had what it called record-setting net sales for the sixth year in a row. However the St. Louis-based company’s 2017 net income decreased to $71.6 million, a result of the new tax reform legislation.
Last year Graybar opened a 161,500 sq. foot warehouse and distribution center in Ft. Lauderdale that will be the company’s primary shipping facility for southeast Florida. In addition, Graybar joined forces with the University of Illinois to open the Graybar Innovation Lab at Research Park on the college’s campus. The lab provides full- and part-time positions for undergraduate and graduate students while affording them an introduction to Graybar and the distribution industry.
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