Electrical distributor Graybar, St. Louis, MO, reported sales for the first quarter of $1.3 billion, an increase of 2.3 percent year-over-year. Profit increased 42.5 percent to $11.4 million.
"I am pleased with our strong start to the year as we overcame the severe winter weather to drive positive results," said Kathleen Mazzarella, president and CEO. "We continue to invest in our business by opening new locations, expanding our sales organization and enhancing our e-commerce capabilities."
Read the latest articles and see your reports.
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.
By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
