Graybar, St. Louis, Mo., a distributor of electrical, communications and data networking products, and provider of related supply chain management and logistics services, reported sales for its fiscal 2023 second quarter were $2.8 billion, up 4.5% from the prior-year period.
Net income for the quarter was $124.2 million, down 2.7% from the prior-year period.
Graybar reported sales for its first six months of 2023 were $5.5 billion, up 8.1% from the prior-year period. Net income for the first six months was $249 million, up 8.4% from the same period last year.
“Thanks to the hard work of our employees, we continue to achieve positive results,” said Kathleen M. Mazzarella, president and CEO of Graybar. “We remain focused on providing exceptional service to our customers daily while we make strategic investments to transform our business and strengthen our long-term position as an industry leader.”