Graybar Reports Second Quarter 2013 Results

ST. LOUIS /PRNewswire/ — Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported net sales of $1.5 billion for the second quarter of 2013, an increase of 6.3% compared to the same period in 2012. The company also reported $21.9 million in net income for the quarter, a 48.8% decrease from the same period last year.

“Our second quarter performance demonstrates a consistent focus on serving our customers and growing our business,” said Kathleen M. Mazzarella, Graybar’s chairman, president and chief executive officer. “While comparative net income for the quarter was impacted by the sale of company properties in the second quarter of 2012, our financial condition remains strong. In the coming months, we will continue to expand our geographic reach and enhance our capabilities for the advantage of our customers and suppliers.”

SOURCE Graybar

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