Net Sales up 5.1 percent, Net Income Increases 20.7 Percent

/EINPresswire.com/ -- ST. LOUIS, MO--(Marketwired - May 09, 2016) -  Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, recently reported record net sales of $1.5 billion for the first three months of 2016, a 5.1 percent increase compared to the same period last year. Net income for the quarter was $15.0 million, a 20.7 percent increase from the first quarter of 2015.

"After a record 2015, I am very proud of our strong start to this year," said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. "Over the past several years, we have invested in new and expanded facilities, training and developing our people, as well as enhancing our technology and service capabilities. We are pleased that these investments are contributing to our positive results. Looking forward, we will continue to pursue opportunities for growth by strengthening our position in the supply chain and expanding our local presence."

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 260 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.

Media Contact:
Tim Sommer
(314) 573-2571
timothy.sommer@graybar.com

Kara Bowlin
(314) 573-2578
kara.bowlin@graybar.com

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