The 2020 Mid-Year Economic Update_long

Graybar Third-Quarter Sales Up 5.6%

New locations, an expanded sales organization and enhanced e-commerce contributed to the growth.

Graybar, St. Louis, MO, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported third-quarter sales of $1.6 billion, up 5.6 percent over the same period a year ago. Profit increased 6.4 percent to $30.5 million.

For the first nine months of the year, sales were $4.4 billion, a 3.8 percent increase from the same period last year. Profit increased 21.1 percent to $70.8 million.

“Graybar continues to execute its strategic plan by opening additional locations and expanding our sales organization,” said Kathleen M. Mazzarella, president and CEO. "We are also enhancing our e-commerce capabilities to improve the customer experience.”

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