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

  • Acuity Brands to Announce Fiscal 2023 Third-Quarter Results on June 29, 2023

    Acuity Brands to Announce Fiscal 2023 Third-Quarter Results on June 29, 2023

    May 31, 2023 Acuity Brands announced that it is planning to release its fiscal 2023 third-quarter earnings results on Thursday, June 29, 2023, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST). Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call. The webcast, earnings release, and supplemental presentation can… Read More…

  • Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

    Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

    May 31, 2023 Record Revenue, Adjusted EBITDA, and EPS for Fiscal 2023 Accelerating progress of Decarbonization, Digitization and Diversification initiatives Introducing Fiscal 2024 revenue guidance of $455 – $485 million Thermon Group Holdings recently announced consolidated financial results for the fourth quarter (“Q4 2023”) of the fiscal year ending March 31, 2023 (“Fiscal 2023”). As… Read More…


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…