logo
  Join        Login             Stock Quote

Graybar Reports Third Quarter Results

Friday, November 9, 2012 3:35 PM


ST. LOUIS, Nov. 9, 2012 /PRNewswire/ -- Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported net sales of $1.4 billion for the third quarter of 2012, a decrease of 4.7% compared to the same period in 2011. Net sales for the first nine months of the year increased 0.9% to $4 billion. The company also reported $20 million in net income for the quarter, a 38.5% decrease from the same period last year, while nine month net income increased 16.4% to $79 million.

"We remain focused on serving our customers and executing our strategy," said Kathleen M. Mazzarella, Graybar's president and chief executive officer. "While our third quarter results were less than the same period last year, we continue to invest in several innovative programs that will work to the advantage of our customers and suppliers.  Our financial condition is strong and our entire organization is driven to achieve profitable growth for the long term."

Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. Through its network of more than 240 North American distribution facilities, it stocks and sells products from thousands of manufacturers, helping its customers power, network and secure their facilities with speed, intelligence and efficiency. For more information, visit www.graybar.com or call 1-800-GRAYBAR.

SOURCE Graybar

(Source: PR Newswire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.