The 2020 Mid-Year Economic Update_long

Graybar’s Sales Up 10% in Q3

Distributors Q3 profit rises 82 percent.

Electrical, communications and data networking products distributor Graybar, St. Louis, MO, reported third-quarter sales of $1.9 billion, a 10 percent increase compared to the same period last year. Net income for the quarter was $54 million, up 82 percent from the same period in 2017.

For the first nine months of the year, the company reported net sales of $5.3 billion, an 8 percent increase compared to the same period last year. Net income for the first nine months of the year increased 48.1 percent to $119.1 million.

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