Graybar Electric Co., St. Louis, MO, reported record company performance in 2022, including record net sales, income from operations and net income.
Last year, Graybar’s net sales increased +20.2%, growing from $8.8 billion in 2021 to $10.5 billion in 2022. It’s the first time the company cracked the $10 billion revenue level. Graybar’s income from operations for 2022 was $653.8 million, an increase of +59.3% from 2021. Net income attributable to Graybar finished at $452.9 million, a +72.6% increase from the previous year.