Graybar 1Q Sales Up 25% to $2.4B

In what it called ‘record’ first-quarter results, Graybar reported a 116.5% increase in net income attributable to the company.
graybar Breeden new VP seattle

Electrical, communications and data networking distributor Graybar reported “record” first-quarter numbers to start 2022, including net sales of $2.4 billion, an increase of 25.3% compared to the same period last year.

Net income attributable to Graybar for the quarter finished at $102.2 million, a 116.5% increase from the first quarter of 2021, the company said.

“After our strong performance in 2021, I am very pleased that we have sustained our momentum into the first quarter of this year,” said Kathleen M. Mazzarella, chairman, president and CEO of Graybar. “While economic conditions are contributing to growth, the markets we serve continue to be affected by a number of external variables. As a vital link in the supply chain, we remain focused on providing exceptional service to our customers, while we invest in our future and implement our long-term, strategic plan.”

Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access