News Column

BRIEF: Graybar reports profit, record net sales

August 8, 2014

By Jim Gallagher, St. Louis Post-Dispatch

Aug. 08--Graybar today reported a $29.1 million profit for the the June quarter, up from $21.9 million a year earlier. The Clayton-based company earned $1.83 per share, compared to $1.37 in the year-ago period.

Sales rose to $1.52 billion from $1.47 billion a year previously.

"We had a record start to our year thanks to our continued investments in new locations, sales force expansion and enhanced e-commerce capabilities," said Kathleen M. Mazzarella, chief executive officer.

Graybar distributes electrical, communications and data networking products, and supplies supply chain management and logistics services.

The the past six months, the company earned $40.4 million, or $2.54 per share, compared to $29.8 million, or $1.87 cents per share.

Jim Gallagher is a reporter at the Post-Dispatch


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Source: St. Louis Post-Dispatch (MO)

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