Graybar, St. Louis, MO, reported today that the company finished 2017 with its sixth consecutive year of record net sales. In 2017, net sales totaled $6.6 billion, a 3.9% increase compared to the previous year. The company’s income before taxes increased 9.2% but net income for 2017 decreased to $71.6 million, which the company attributed tax reform legislation that took effect late last year.
Six Straight Years of Sales Records for Graybar
Sales up almost 4% but income down on tax reform impact.