Electrical, industrial, automation and connectivity products distributor shared its topline 1Q26 financial results on April 28, and they remain robust.
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The St. Louis-based company said it had 1Q sales of $3.3 billion —up 12.4% year-over-year and the second-best net sales for any quarter in Graybar history. The strong growth follows the company’s 10.6% growth for all of 2025 ($12.9 billion total), which marked its 100th year in business.
Graybar reported 1Q net profit of $142 million — a 40.6% surge year-over-year and the highest net profit in company history.
“Building on last year’s momentum, Graybar’s strong first quarter performance reflects the dedication of our employees and their commitment to our customers,” said Kathy Mazzarella, Chairman, President and CEO of Graybar. “As an employee-owned company, we remain focused on delivering great service, managing our business wisely and investing for the long term. Through our ongoing business transformation, we are building advanced capabilities designed to support growth, enhance the value we bring to our customers and strengthen our position as an industry leader.”
It was a busy 1Q26 for Graybar, which included the following:
- The acquisition of Broken Arrow Electric Supply, which added seven Oklahoma locations
- Mazzarella was named Chair of the National Association of Wholesaler-Distributors (NAW) Board of Directors for 2026
- VP appointments for VP of Strategic Pricing and Shared Services. Subsequently in April, Graybar announced appointments for SVP and General Manager, Regional VP for East Coast and Southeast and SVP of North American Subsidiaries; and Southwest and New York District VPs
- Graybar renewed the company’s Voting Trust Agreement with shareholders, which serves as a longstanding foundation of its employee ownership structure
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