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The layoffs came as the overall U.S. economy gained 311,000 jobs in February.
The new Michigan site is the fifth facility RK has added to its network in the past 18 months, and its first outside of California.
The financials included results for Varis, the company's new B2B marketplace launched during 2022's fourth quarter.
That included $430 million in revenue from Lawson Products, up 15.6% vs. 2021.
The company's income from operations for 2022 increased nearly 60% over the previous year, Graybar announced.
The New York Federal Reserve's monthly Global Supply Chain Pressure Index fell to a negative mark in February for the first time since August 2019.
The in-person event on June 13 also will feature networking opportunities, a supplier fair and educational breakout sessions, Lowe's says.
It's the company's first announced acquisition since making a deal to acquire Orange Line Oil Company in June 2022.
The retailer says the strategy will help it distribute its inventory more efficiently, according to a Wall Street Journal report.
