Graybar, St. Louis, Mo., distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported first-quarter sales were $2.95 billion, a 7.9% increase from the same period in 2024.
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Profit for the quarter was $100.9 million, down 4.1% from the first quarter of 2024. The company attributed the decline in part to continued investments in Graybar Connect, a multi-year project.
“We achieved growth in the first quarter and made significant strides with Graybar Connect,” said Kathleen M. Mazzarella, president and CEO of Graybar. “One key accomplishment was the recent launch of our new ERP system, which will be fully deployed later this year. This marks a major milestone in our ongoing business transformation, designed to keep our company healthy and growing for the future.”
Graybar has a network of more than 350 North American distribution facilities.
