Graybar sees fifth-straight year of net sales gains

Graybar, St. Louis, said it finished 2016 with a fifth consecutive year of record net sales and its third consecutive year with record net income. In 2016, net sales totaled $6.4 billion, a 4.5% increase compared to the previous year. The company also earned net income of $93 million, which was a 2.2% increase compared to 2015.

“I am proud of our record performance in 2016,” said Kathleen Mazzarella, Graybar’s chairman, president and CEO. “Over the past several years, we have invested in people, technology and locations to better serve our customers, while acquiring companies that broaden our reach and complement our business.  Thanks to these investments and the dedication of our employees, we once again achieved record sales and net income in 2016.”