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Six Straight Years of Sales Records for Graybar

Sales up almost 4% but income down on tax reform impact.

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.

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TAGS: Distributors
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