ST. LOUIS — Graybar recently reported record net sales of $1.5 billion for the first three months of 2016, a 5.1 percent increase compared to the same period last year. Net income for the quarter was $15.0 million, a 20.7 percent increase from the first quarter of 2015.
“After a record 2015, I am very proud of our strong start to this year,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “Over the past several years, we have invested in new and expanded facilities, training and developing our people, as well as enhancing our technology and service capabilities. We are pleased that these investments are contributing to our positive results. Looking forward, we will continue to pursue opportunities for growth by strengthening our position in the supply chain and expanding our local presence.”
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