Graybar, St. Louis, MO, No. 4 on MDM's list of ,reported sales for the first quarter were $1.28 billion, a year-over-year increase of 7.8 percent. Profit increased 41.9 percent to $16.4 million.
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Net sales to the electrical and comm/data market sectors for the three months ended March 31, 2012, increased 8.9 percent and 5.4 percent, respectively.
The company expects its growth in net sales to closely track the growth projected for the general economy, which is expected to continue to expand slowly in 2012.