ST. LOUIS — Graybar reported that the company finished 2019 with its eighth consecutive year of record net sales. The company also achieved record net income for the second consecutive year.
In 2019, net sales totaled $7.5 billion, a 4.5 percent increase compared to the previous year. Net income finished at $144.5 million, a 0.8 percent increase compared to 2018. The company saw positive organic sales growth across all markets in 2019 as it celebrated its 150th anniversary and 90 years of employee ownership.
“Achieving record performance for eight consecutive years is a testament to our employees and their passion for serving customers and transforming the supply chain,” said Graybar’s Chairman, President and CEO Kathleen M. Mazzarella. “We honored two historic milestones in 2019 by celebrating the values and culture of innovation on which our company was built. As we look forward, we are excited to power the new era by investing in the people, technology and service innovation that will continue to drive our long-term success.”Tagged with financial results, Graybar