Graybar’s Second-Quarter Sales Improve 26.6% - Modern Distribution Management

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Graybar’s Second-Quarter Sales Improve 26.6%

The electrical, communications and data networking products distributor also posted a 115.9% increase in profit to $80.1 million.
The company's income from operations for 2022 increased nearly 60% over the previous year, Graybar announced.

Electrical, communications and data networking products distributor Graybar, St. Louis, reported second-quarter sales of $2.2 billion, a 26.6% increase compared to the same period last year. Profit for the quarter was $80.1 million, up 115.9% from the same period in 2020.

“I am very pleased with our record second quarter performance,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “Our employees remain focused on delivering an exceptional customer experience while navigating a fast-changing business environment. We have confidence that our sustained emphasis on growth, innovation and supply chain transformation will continue to drive our long-term success.”

For the first six months of 2021, the company reported net sales of $4.1 billion, a 16.9% increase compared to the same period last year. Net income for the first six months of the year increased 117.6% to $127.3 million.

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