St. Louis-based Graybar announced record net sales, income from operations and net income for 2021.
Graybar’s net sales for the year totaled $8.8 billion, a 20.7% increase compared to 2020, the distributor said.
The company’s income from operations was $410.4 million, an increase of 82.6% over 2020.
Net income attributable to Graybar was $262.4 million, a 115.4% increase from the previous year.
“I am extremely proud of our company’s record performance in 2021,” said Graybar’s Chairman, President and CEO Kathleen M. Mazzarella. “As an employee-owned company, Graybar takes a long-term view of our business and our relationships with those we serve. Throughout the year, our employees adapted to changing business conditions and dedicated themselves to providing an exceptional customer experience, which produced outstanding results. Though global disruption will likely continue, we remain focused on investing in growth and innovation to move our company forward, while we live the core values that have been the foundation of our success for many years.”