ST. LOUIS, Mo. – Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported record first quarter results for 2023.
For the first three months of 2023, Graybar’s net sales totaled $2.7 billion, an increase of 12.2 percent compared to the same period last year. Net income attributable to Graybar for the quarter finished at $124.8 million, a 22.1 percent increase from the first quarter of 2022.
“After our record performance in 2022, I am very pleased with our strong start to 2023,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “As we navigate changing economic conditions, we remain focused on providing exceptional customer service, investing in our business and pursuing opportunities that will strengthen our position as a leader in supply chain innovation.”
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