First-quarter 2010 sales results for publicly held distributors of electrical equipment varied, but senior executives from these companies all saw signs of growth.

Graybar Electric Co., St. Louis, enjoyed a 42 percent increase in net income to approximately $3.56 million, but saw its net sales for the quarter slide 5.3 percent (approximately $56.4 million), but stayed comfortably above a billion dollars. The company said in its 10-Q financial report submitted to the U.S. Securities and Exchange Commission (SEC) that general economic conditions in its North American trading area continued to improve during the first quarter of 2010 and that capital expenditures on business equipment have returned to positive growth following several quarters of decline. However, the 10-Q filing said spending on building construction remains constrained as “credit availability continues to be tight in the aftermath of the financial crisis that began in September 2008.”

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