Graybar sales up 6.2 percent
Graybar reported net sales of $1.4 billion for the first three months of 2015, a 6.2 percent increase compared to the same period last year.
Net income for the quarter was $12.4 million, a 10.1 percent increase from the first quarter of 2014.
During the first quarter, Graybar achieved sales growth across all vertical markets. The company continued to invest in e-commerce capabilities and new locations, while expanding and developing its sales force, the company said.
“I’m proud of our strong start to the year,” said Kathleen M. Mazzarella, chairman, president and chief executive officer. “We sustained our momentum from last year and raised the bar even higher. As we work to implement our long-term strategy, we will continue to invest in our business to accelerate our growth and work to our customers’ advantage.”
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.
