Graybar Reports Record 2Q Results

Graybar Electric Co., St. Louis, reported record net sales for the second quarter and the first six months of the year. For the second quarter of 2014, Graybar achieved record net sales of $1.52 billion, an increase of 3.4% compared to the same period in 2013. The company also reported $29 million in net income for the quarter, a 32.7% increase from the same period last year. For the first six months of the year, Graybar reported record net sales of $2.83 billion, a 2.9% increase from the same period last year. Net income for the first six months of the year increased 35.3% to $40.4 million.

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