Graybar sees fifth-straight year of net sales gains
Graybar, St. Louis, said it finished 2016 with a fifth consecutive year of record net sales and its third consecutive year with record net income. In 2016, net sales totaled $6.4 billion, a 4.5% increase compared to the previous year. The company also earned net income of $93 million, which was a 2.2% increase compared to 2015.
“I am proud of our record performance in 2016,” said Kathleen Mazzarella, Graybar’s chairman, president and CEO. “Over the past several years, we have invested in people, technology and locations to better serve our customers, while acquiring companies that broaden our reach and complement our business. Thanks to these investments and the dedication of our employees, we once again achieved record sales and net income in 2016.”
About the Author
Doug Chandler, Senior Staff Writer
Executive Editor
Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.