Every weekday in December, tED magazine is counting down the Top 20 Stories of 2013. Below, the #17 story of 2013, originally posted on March 15, 2013.
Graybar, a St. Louis-based distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, finished 2012 with net sales of $5.4 billion. The sales volume reflected a 0.7% increase over 2011’s numbers.
The distributor also reported net income of $86.3 million, up 6.0% from the previous year and the second highest total in the company’s history. Net sales for the fourth quarter were 0.3% higher than the same three-month period in 2011.
“Graybar finished 2012 with positive results as we embraced change and prepared our organization for the future,” said Kathleen M. Mazzarella, chairman, president and CEO, in a press release. “We achieved sales growth for the third consecutive year, and we achieved near-record profitability for our employees and shareholders.”
“We managed our business wisely last year and our balance sheet remains in excellent condition,” Mazzarella continued. “This gives us the financial flexibility to pursue growth opportunities and continue working to the advantage of our customers.”
Read the rest of the Top 20 list here:
#20 Crescent Electric Acquires Lake Electric Supply – March 5, 2013
#19 Reports: Copper Delivery Prices Soar – May 31, 2013
#18 Blog: WESCO Outlook – August 13, 2013
#17 Graybar achieves near-record profitability in 2012 – March 15, 2013
#16 Blog: Wesco’s Strategies For Growth – November 13, 2013
#15 Blog: Siemens shareholders approve Osram spin off – January 25, 2013
#14 Blog: Acquisitions fueled distributors’ growth in 2012 – March 4, 2013
#13 Southwire Introduces Electrician’s Tools – July 18, 2013
#12 Southwire Announces Organizational Changes – January 22, 2013
#11 2013 tED Magazine Best Of The Best Awards – August 7, 2013
#10 Blog: Amazon, Google Supply Update – August 30, 2013
#9 WSJ: Copper supply concerns – April 15, 2013
#8 Huge copper theft bust in Arizona valued at $10 million – May 6, 2013
#7 NAW speaker predicts strong economy, copper inflation for 2013 – January 30, 2013
#6 Leff Electric Acquired by AMP Electric – October 2, 2013
#5 Southwire to roll out new cable pull technology – March 12, 2013
#4 Super Bowl blackout traced to preventive equipment – February 8, 2013
#3 tED magazine 2013 30 Under 35 List – June 4, 2013
#2 Eaton executive outlines company’s future with Cooper – January 8, 2013
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