ST. LOUIS, Mo. – Graybar announced its first quarter financial results of 2026.
For the quarter, Graybar achieved net sales of $3.3 billion, an increase of 12.4% compared to the same period last year. The company also reported net income of $141.9 million, a 40.6% increase over the prior year. This marked the highest net income and the second-highest net sales for any quarter in Graybar’s 100-year history.
“Building on last year’s momentum, Graybar’s strong first quarter performance reflects the dedication of our employees and their commitment to our customers,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “As an employee owned company, we remain focused on delivering great service, managing our business wisely and investing for the long term. Through our ongoing business transformation, we are building advanced capabilities designed to support growth, enhance the value we bring to our customers and strengthen our position as an industry leader.”
Select first quarter 2026 highlights include:
- Successfully renewed the company’s Voting Trust Agreement with shareholders, a longstanding foundation of the company’s employee ownership structure.
- Acquired Broken Arrow Electric Supply in March, expanding Graybar’s presence in Oklahoma and marking the company’s 20th acquisition over the past decade.
- Announced key VP appointments, including Najam Chohan as Vice President – Pricing and Paul Ferguson as Vice President – Shared Services.
- Named to Fortune Magazine’s 2026 list of the World’s Most Admired Companies for the 24th year.
- Graybar’s Chairman, President and CEO Kathleen M. Mazzarella was named as Chair of the National Association of Wholesalers’ Board of Directors for 2026.