ST. LOUIS, Aug. 7, 2012 /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 $1.38 billion for the second quarter of 2012, an increase of 0.8%, compared to the same period in 2011. The 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 M. Mazzarella, Graybar's president and chief executive officer. "Despite slower growth in net sales in the second quarter compared to last year, Graybar's financial condition remains strong. The sale of company properties boosted our net income for the second quarter, and our employees continued to deliver the proven solutions and personal service on which our customers depend. We believe this consistent focus on working to our customers' advantage and a disciplined approach to managing our business will continue to lead to positive results for our employees, employee and retiree shareholders and the communities we serve."
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 more than 240 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.