Graybar Reports Record First Quarter Results

CEW graybar logo 400

May 4, 2021

Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, today reported its highest first quarter net sales and net income in company history.

For the first three months of 2021, Graybar’s net sales totaled $1.9 billion, an increase of 7.2 percent compared to the same period last year. Net income attributable to Graybar for the quarter finished at $47.2 million, a 120.6 percent increase from the first quarter of 2020.

“I am very proud that we set a new first quarter record in net sales and net income,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “We achieved positive results because of the hard work of our employees and the investments we made in our business, both of which were helped by improving economic conditions. While we continue to deal with the ongoing effects of the pandemic, we remain focused on creating an exceptional customer experience, driving accelerated growth and transforming the supply chain for the future.”

Source

Related Articles


Changing Scene

  • Hammond Power Solutions Expands in Guadalupe, Nuevo Leon, Mexico with New Manufacturing Plant

    Hammond Power Solutions Expands in Guadalupe, Nuevo Leon, Mexico with New Manufacturing Plant

    Hammond Power Solutions (HPS) is proud to announce the expansion of its manufacturing capabilities in Mexico with the opening of a fourth plant in Guadalupe, Nuevo Leon. This significant investment underscores HPS’s unwavering commitment in Mexico as a strategic location, while strengthening its production capacity and enhancing local economic growth. HPS has been manufacturing in… Read More…

  • Ascot acquires NRG Management

    Ascot acquires NRG Management

    June 20. 2024 Ascot Capital Group is pleased to announce that it has acquired NRG Management, a local lighting agent in the Quebec market. NRG will begin representing Stanpro for projects effective August 5, 2024, which will allow Stanpro to participate more effectively in specification projects and design-build than it can today with its direct… Read More…


Peers & Profiles