Graybar Achieves Record Net Sales for Eighth Consecutive Yea
ST. LOUIS, March 12, 2020 /PRNewswire/ -- Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported today that the company finished 2019 with its eighth consecutive year of record net sales. The company also achieved record net income for the second consecutive year.
In 2019, net sales totaled $7.5 billion, a 4.5 percent increase compared to the previous year. Net income finished at $144.5 million, a 0.8 percent increase compared to 2018. The company saw positive organic sales growth across all markets in 2019 as it celebrated its 150th anniversary and 90 years of employee ownership.
"Achieving record performance for eight consecutive years is a testament to our employees and their passion for serving customers and transforming the supply chain," said Graybar's Chairman, President and CEO Kathleen M. Mazzarella. "We honored two historic milestones in 2019 by celebrating the values and culture of innovation on which our company was built. As we look forward, we are excited to power the new era by investing in the people, technology and service innovation that will continue to drive our long-term success."
Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. Through its network of 288 North American distribution facilities, it stocks and sells products from thousands of manufacturers, helping its customers power, network and secure their facilities with speed, intelligence and efficiency. For more information, visit www.graybar.com or call 1-800-GRAYBAR.
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