Sales for Graybar Down 4.7% in Third Quarter - Modern Distribution Management

Sales for Graybar Down 4.7% in Third Quarter

Nine-month sales were 0.9 percent below the prior-year period.

Graybar, No. 5 on MDM’s list of the top 25 electrical distributors, reported sales of $1.4 billion for the third quarter, a decline of 4.7 percent compared to the same period in 2011. Profit for the St. Louis, MO-based distributor fell 38.5 percent to $20 million.

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For the first nine months, sales were $4 billion, 0.9 percent lower than the first three quarters of 2011. Profit increased 16.4 percent to $79 million.

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