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 $1.38 billion for the second quarter of 2012, an increase of 0.8%, compared to the same period in 2011. The St. Louis-based company also reported $42.8 million in net income for the quarter, a 78.5% increase from the same period last year.
“We are focused on executing our strategic plan as we look to achieve long-term profitable growth for the company,” said Kathleen Mazzarella, Graybar’s president and chief executive officer, in a company press release. “Despite slower growth in net sales in the second quarter compared to last year, Graybar’s financial condition remains strong.”
A Fortune 500 corporation and one of the largest employee-owned companies in North America, Graybar is a leader in the distribution of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. Through its network of more than 240 North American distribution facilities, Graybar stocks and sells products from thousands of manufacturers.Tagged with tED