December 7, 2007

Graybar, St. Louis, MO, distributor of electrical and communications products, reported profit of $66.2 million during the first three quarters of 2007, an increase of 41.7% over the same period in 2006.
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During the first three quarters of 2007, sales increased to $3.92 billion, a 4.3% increase over the same period in 2006. The sales increase resulted from organic growth and reflected expansion in the electrical and communications/data markets. In comparison to the first three quarters of 2006, income from operations grew 29.8% during the first nine months of 2007.
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Our net income through the third quarter this year is greater by almost $9 million than our annual net income in 2006,” said Robert A. Reynolds Jr., president and CEO of Graybar. …

Graybar, St. Louis, MO, distributor of communications and electrical products, has been awarded a new, three-year U.S. Communities Program contract effective Jan. 1, 2008. DeSousa said the company forecasts sales of more than $100 million through the program in 2008.
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Graybar will be the exclusive distributor of electrical products in the program, which provides cooperative purchasing agreements for U.S. Communities-registered agencies nationally. The program provides competitively solicited pricing and streamlines purchasing by eliminating the traditional three-bid buying process.&nbsp ;
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State, county and local governments, dependent and independent special districts, public and private K-12 schools and universities, and non-profit institutions are eligible …