ST. LOUIS — Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, today reported record second-quarter sales.
For the second quarter of 2019, Graybar achieved a net sales record of $1.95 billion, a 6.3 percent increase compared to the same period last year. Net income attributable to Graybar for the quarter was $47.0 million, up 5.6 percent from the same period in 2018.
For the first half of the year, the company reported net sales of $3.73 billion, a 7.4 percent increase compared to the same period last year. Net income attributable to Graybar for the first six months of 2019 increased 23.9 percent to $81.3 million.
“I am pleased with our performance through the first half of 2019,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “This is an important year for Graybar, as we celebrate our 150th anniversary and 90 years of employee ownership. Our longstanding culture of integrity, service and innovation provides a strong foundation for our future, and we will continue transforming our business to enhance the customer experience and drive accelerated growth in the new era.”Tagged with Biggest News, financial results, Graybar