Graybar sales up 5.7%
Graybar reported that the company finished 2014 with record gross sales of $6.0 billion, a 5.7 percent increase compared to 2013.
The company also earned record net income of $87.4 million, an increase of 7.9 percent compared to 2013.
“I am proud of our record results last year,” said Graybar chairman, president and CEO Kathleen M. Mazzarella. “Thanks to the dedication of our employees, we achieved record sales in each quarter of 2014, outpacing our record sales performance in 2013 and accelerating our growth throughout the year. This speaks to our passion for serving our customers and working to their advantage.”
She added that company is continuing to add new locations and sales personnel as well as enhancing e-commerce capabilities. "Our financial condition remains strong with a solid cash position and working capital that allows us to invest in growing our business for the future,” she said.
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.
