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Graybar, which is celebrating its 100th anniversary as an independent company this year, reported a record $11.6 billion in 2024 net sales, an increase of 5.5% over the prior year. Graybar electric inc 's 2023 annual revenue performance marks a slow down, from 20.16 % achieved in the fiscal year 2022. Recently graybar announced record sales of $11 billion and, more importantly, a sales increase of 4.8%
Net income increased to $463 million Graybar electric inc 's annual revenue for the fiscal year ended 2023, increased by 4.82% to $11,041.80 millions, from $10,534.40 millions achieved a year ago A “record” is nice, but any growth will generate a new record.
Graybar electric company inc, a prominent player in the electric and wiring equipment industry, recently released its financial results for the most recent fiscal period.
“i am proud that we finished 2023 with record results,” graybar chairman, president and ceo kathleen mazzarella said. After surpassing $10 billion in revenue for the first time in our company’s history in 2022, i am pleased to report that graybar achieved new milestones in 2023 This past year, graybar’s net sales grew 4.8% to a record $11.0 billion In addition, our net income increased 2.3% to a record $463.4 million.
Meanwhile, graybar’s net profit of $110.4 million fell 11.1% Electrical and industrial distributor graybar reported strong results for the second quarter of 2025, as the company celebrates a century as an independent business Graybar’s net sales for the second quarter of this year set a new quarterly record of $3.0 billion, an increase of 7.6% compared to the same period last year Net income attributable to graybar for the quarter finished at $110.4 million, an 11.1% decrease from the second quarter of 2023.
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