Graybar, St. Louis, MO, reported sales of $5.009 billion in 2006, up 16.6% from last year. Profit was $57 million, more than double the year before.
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Growth in the electrical market increased 16.6%. Electrical sales were strong in the construction sector. Sales in the comm/data market rose 17% year-over-year.
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In an SEC filing, Graybar attributed the increase in sales to demand in the electrical and communications/data markets. Also, copper-based products, mainly wire and cable, went up in price in the past year, positively impacting sales.
  ;
Profit growth was attributed to double-digit growth in gross margin, coupled with attention to controlling expenses. Graybar also reported productivity gains as a result of the company’s new technology …
Graybar Sales Grow 16.6% in 2006
Graybar, St. Louis, MO, reported sales of $5.009 billion in 2006, up 16.6% from last year. Profit was $57 million, more than double the year before.
  ;
Growth in the electrical market increased 16.6%. Electrical sales were strong in the construction sector. Sales in the comm/data market rose 17% year-over-year.
  ;
In an SEC filing, Graybar attributed the increase in sales to demand in the electrical and communications/data markets. Also, copper-based products, mainly wire and cable, went up in price in the past year, positively impacting sales.
  ;
Profit growth was attributed to double-digit growth in gross margin, coupled with attention to controlling expenses. Graybar also reported productivity gains as a result of the company’s new technology …
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- Filed In: Companies, Electrical, Free, News, Subscriber Only, Top Distributor Sectors
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