The 2020 Mid-Year Economic Update_long

Graybar Sales Up 6.2% in 1Q

Profit for the electrical distributor jumps 10.1 percent to $12.4 million.

St. Louis, MO-based Graybar, a distributor of electrical, communications and data networking products, reported sales for the first quarter of $1.4 billion, a 6.2 percent increase compared to the same period a year ago. Profit increased 10.1 percent to $12.4 million.

During the first quarter, Graybar reported sales growth across all vertical markets.  It said it continued to invest in e-commerce capabilities and new locations, while expanding and developing its sales force.

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