Graybar Reports Second Quarter Results

ST. LOUIS, Aug. 12, 2013 /PRNewswire/ -- Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported net sales of $1.5 billion for the second quarter of 2013, an increase of 6.3% compared to the same period in 2012. The company also reported $21.9 million in net income for the quarter, a 48.8% decrease from the same period last year.

"Our second quarter performance demonstrates a consistent focus on serving our customers and growing our business," said Kathleen M. Mazzarella, Graybar's chairman, president and chief executive officer. "While comparative net income for the quarter was impacted by the sale of company properties in the second quarter of 2012, our financial condition remains strong. In the coming months, we will continue to expand our geographic reach and enhance our capabilities for the advantage of our customers and suppliers."

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 more than 240 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.

SOURCE Graybar