ST. LOUIS, May 2, 2017 /PRNewswire/ -- Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, today reported record net sales of $1.5 billion for the first three months of 2017, a 4.4 percent increase compared to the same period last year. Net income for the quarter was $17.7 million, a 17.5 percent increase from the first quarter of 2016.
"After five consecutive years of record net sales, Graybar sustained its momentum in the first quarter of 2017," said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. "We set a new record for first quarter net sales by focusing on profitable growth, delivering exceptional service and strengthening our position in the supply chain. We will continue to execute on these strategic priorities as we pursue new opportunities to grow and innovate for the future."
Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, 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 290 North American distribution facilities, it stocks and sells products from thousands of manufacturers, helping its customers power, network and secure their facilities with speed, intelligence and efficiency. For more information, visit www.graybar.com or call 1-800-GRAYBAR.
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