ST. LOUIS, May 7, 2014 (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 $1.3 billion for the first three months of 2014, a 2.3 percent increase compared to the same period last year. Net income for the quarter was $11.3 million, a 42.5 percent increase from the first quarter of 2013.
"I am pleased with our strong start to the year as we overcame the severe winter weather to drive positive results," said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. "We continue to invest in our business by opening new locations, expanding our sales organization and enhancing our e-commerce capabilities. We have a strong footprint in the marketplace, and our long-term growth efforts remain focused on working 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 250 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.
Tim Sommer 314-573-2571