Graybar Reports Record 3Q

The company’s net sales for the third quarter of 2021 totaled $2.31 billion, a 23.2% increase compared to the same period in 2020.
graybar Breeden new VP seattle

St. Louis-based electrical, communications and data networking distributor Graybar this week reported its highest quarterly net sales in company history.

Graybar’s 3Q net sales totaled $2.31 billion, a 23.2% increase compared to the same period last year.

The company’s profit for the quarter was $74.3 million, up 115.4% from the same period in 2020.

For the first nine months of 2021, Graybar reported net sales of $6.45 billion, an increase of 19.1% compared to the first three quarters of 2020.

Graybar’s profit for the first nine months of 2021 increased 116.8% over 2020 to $201.6 million.

“Our strong performance so far this year is a testament to our employees and their dedication to our customers,” said Kathleen M. Mazzarella, chairman, president and CEO of Graybar. “While we are seeing improvements in the economy, the markets we serve continue to face a wide range of challenges. As we navigate through the uncertainty of today’s business environment, we remain focused on delivering an exceptional customer experience and sustaining a healthy financial position for the future.”

Earlier this month, Graybar Canada announced it had completed its acquisition of Electro-mag Inc., including the JAD brand.

Related Posts

  • ABB new center Pennsylvania

    The Switzerland-based power and automation company reported sales of $7.9 billion, a 29% increase over…

  • graybar Breeden new VP seattle

    With five locations in Canada, Electro-mag offers services and solutions in pneumatic, safety, sensing and…

  • TriMas 1Q 2022 earnings

    In the third quarter, Synnex’s net income of $94.7 million increased by 10.5% over the…

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.

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


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



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.