Graybar Posts 20% Growth in First Half
Graybar, St. Louis, MO, distributor of electrical and communications products and related supply chain management and logistics services, posted 19.7% growth in the first half of 2006 ﾖ to $2.45 billion ﾖ compared to the same period last year.
'Our revenues are up nearly 20%, and we only increased head count 5%, mostly in customer-facing roles,' said Robert A. Reynolds, Jr., chairman, president and CEO of Graybar.
According to Reynolds, the growth was organic. He credits the company's dedicated employee-owners, a successful ERP implementation, the expansion of the electrical and telecommunications sectors, and an improved corporate accounts program.
In 2004 Graybar successfully completed its ...