The 2020 Mid-Year Economic Update_long

Graybar Sales Up 2.3% in 1Q

Profit increases 42.5 percent in first quarter.

Electrical distributor Graybar, St. Louis, MO, reported sales for the first quarter of $1.3 billion, an increase of 2.3 percent year-over-year. Profit increased 42.5 percent to $11.4 million.

"I am pleased with our strong start to the year as we overcame the severe winter weather to drive positive results," said Kathleen Mazzarella, president and CEO. "We continue to invest in our business by opening new locations, expanding our sales organization and enhancing our e-commerce capabilities."

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