Graybar Reports Positive First Quarter Results

Net Income Rises 41.9 Percent on a 7.8 Percent Increase in Revenue

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May 09, 2012, 11:01 ET

ST. LOUIS, May 9, 2012 /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 first quarter results. Sales for the first three months of 2012 were $1.28 billion, an increase of 7.8 percent compared to the same period last year. Net income for the quarter grew to $16.4 million, a 41.9 percent increase from the first quarter of 2011.

"Our year is off to a good start in 2012, and we are pleased by our first quarter performance," said Robert A. Reynolds, Jr., chairman, president and chief executive officer of Graybar. "We continue to grow our business by investing in our people, expanding our footprint and enhancing our capabilities. We are excited about the opportunities for further growth as we deliver innovative services and solutions that work to our customers' advantage."

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.

SOURCE Graybar