St. Louis, MO-based Graybar, a distributor of electrical, communications and data networking products, reported first quarter sales of $1.19 billion, an increase of 18.6 percent versus the same period a year ago. Profit increased 226.9 percent to $11.5 million.
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\”Our business continues to gain momentum and we see significant opportunities for growth in the months to come,\” said Robert A. Reynolds, Jr., president and CEO.