ST. LOUIS, Oct. 31, 2017 /PRNewswire/ -- Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, recently reported its third quarter results.
Graybar reported net sales of $1.7 billion in the third quarter, a 0.7 percent increase compared to the same period last year. Net income for the quarter was $29.4 million, down 2.3 percent from the same period in 2016.
For the first nine months of the year, the company reported net sales of $4.9 billion, a 3.3 percent increase from the same period last year. Net income for the first nine months of the year increased 13.6 percent to $80.4 million.
"We remain focused on growing our business profitably and driving innovation in the supply chain," said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. "We continue to make strategic investments in people, technology and service capabilities to provide an exceptional customer experience and accelerate our growth 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 more than 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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