Graybar reports record 3Q sales
Graybar reported record third quarter net sales of $1.6 billion, a 0.9 percent increase compared to the same period last year.
For the first nine months of the year, the company reported net sales of $4.5 billion, a 3.5 percent increase from the same period last year.
“We achieved our twelfth consecutive year-over-year quarterly net sales record,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “While we are seeing a slowdown across our industry, our orders on hand did increase in the third quarter and we believe our investments in developing our sales force, expanding our number of locations and enhancing our e-commerce offering have positioned us for continued growth.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
