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 in 2024 of $11.6 billion, an increase of 5.5%.
Don’t miss any content from Distribution Strategy Group. Join our list.
Net income for 2024 was $423.1 million, the third highest in the company’s history, but an 8.7% decrease from 2023.
The company attributed the net income decline to its investment in Graybar Connect, a multi-year technology, data and process project. Other investments in 2024 included key leadership appointments across its regional business units and acquisitions of Blazer Electric Supply, Dynamic Solutions and Power Supply Company.
“Graybar’s record sales performance in 2024 demonstrates our ability to deliver continued profitable growth while investing in our future,” said Kathleen M. Mazzarella, Graybar’s president and CEO. “Employee ownership underpins this long-term mindset and is critical to everything we do.”
Graybar has more than 350 North American distribution facilities.
