Graybar, St. Louis, MO., distributor of electrical, communications and data networking products, reported sales for its fiscal 2022 third quarter were $2.8 billion, up 20.6% from the prior-year period.
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Net income for the quarter was $126.1 million. The total sales for the first nine months of 2022 totaled $7.8 billion, up 21.7% from the first nine months of 2021. Net income for the first nine months was $355.9 million.
“I am pleased with Graybar’s performance so far this year, and I congratulate our employees on achieving a new quarterly net sales record,” said Kathleen M. Mazzarella, Chairman, President and CEO of Graybar. “Customer demand for our products and services remains steady, and our financial condition is strong. This allows us to invest in our business and pursue new opportunities that strengthen our position as a leader in supply chain innovation.”