The 2020 Mid-Year Economic Update_long

Graybar Sales Up 16% in 2011

Graybar's profit increased 93.9 percent for the year.

Graybar, St. Louis, MO, No. 4 on MDM’s list of top electrical distributors, reported sales for 2011 were $5.37 billion, up 16.4 percent over sales in 2010. Profit increased 93.9 percent to $81.4 million.

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Sales in the fourth quarter increased 10 percent.

\”Thanks to the hard work and dedication of our employees, Graybar achieved profitable growth during each of the past two years,\” said Robert A. Reynolds, Jr., president and CEO. \”Our business continued to gain momentum as we broadened our reach and further deepened our offer in the marketplace.\”

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