SAINT LOUIS, May 6, 2015 (GLOBE NEWSWIRE) -- Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, recently reported record net sales of $1.4 billion for the first three months of 2015, a 6.2 percent increase compared to the same period last year. Net income for the quarter was $12.4 million, a 10.1 percent increase from the first quarter of 2014.
During the first quarter, Graybar achieved sales growth across all vertical markets. The company continued to invest in e-commerce capabilities and new locations, while expanding and developing its sales force.
"I'm proud of our strong start to the year," said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. "We sustained our momentum from last year and raised the bar even higher. As we work to implement our long-term strategy, we will continue to invest in our business to accelerate our growth and work to our customers' advantage."
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 260 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.
CONTACT: Kara Bowlin (314) 573-2578 email@example.comSource:Graybar Electric