ST. LOUIS, Aug. 13 /PRNewswire/ -- Graybar, a leading distributor of electrical, communications and data networking products, and provider of related supply chain management and logistics services, reported a slight increase in sales and a 14 percent increase in net income for the second quarter of 2010 compared to the second quarter of 2009. Net income for the first half of 2010 rose by 20 percent compared to the first half of 2009.
"Our second quarter results show that business is gaining momentum," said Robert A. Reynolds, Jr., chairman, president and chief executive officer of Graybar. "Because of the company's strong financial position, we can continue to focus on working to the advantage of our customers and expanding our presence in key markets."
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 nearly 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.
SOURCE Graybar
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