Electrical and industrial supplies distributor Graybar shared its 2025 1Q financial performance on April 24, which showed that the company achieved its highest first-quarter sales ever and third third-highest sales ever in any quarter.
The St. Louis-based company posted 1Q sales of $2.95 billion, up 7.9% year-over-year. This was an acceleration compared to 4Q24’s gain of 5.5%. Meanwhile, Graybar’s 1Q net profit of $100.9 million declined 4.1% year-over-year.
The distributor said the profit decrease was partially driven by investments in Graybar’s Connect — a multi-year business transformation project.
“One key accomplishment was the recent launch of our new ERP system, which will be fully deployed later this year,” Graybar Chairman, President and CEO Kathleen Mazzarella said in the company’s financial release. “This marks a major milestone in our ongoing business transformation, designed to keep our company healthy and growing for the future.”
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Graybar’s 1Q25 achievements include:
- Awarded the Graybar Construction Trades Scholarship for the sixth consecutive year, with an increased award amount
- Recognized as a Top Workplaces USA winner by Energage and USA Today for the fifth consecutive year
- Listed on Fortune’s World’s Most Admired Companies for the 23rd year
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“Because of Graybar’s unique employee ownership structure, we can invest for the long-term, even as we navigate ongoing economic uncertainty,” Mazzarella added. “We believe our strategic investments in Graybar Connect will deliver tremendous value for our company and our customers. In addition, we continue to pursue acquisitions and other opportunities to strengthen our capabilities and drive sustained growth.”
Graybar is one of the only non-publicly traded distributors MDM follows that publishes quarterly sales and profit updates as company news.
Graybar was No. 4 on MDM’s Top Distributors List for Electrical/Data/Security and No. 20 for Industrial Supplies.
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