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ST. LOUIS, MO --(Marketwired - March 10, 2016) - Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, reported today that the company finished 2015 with record net sales of $6.1 billion, a 2.2 percent increase compared to the previous year.
The company also earned net income of $91.1 million, which was a record for the second consecutive year and a 4.2 percent increase compared to 2014.
"Graybar's record performance in 2015 demonstrates a companywide focus on serving our customers and growing our business," said Graybar's Chairman, President and CEO Kathleen M. Mazzarella. "We increased our sales and gross margin and we managed our expenses well, which resulted in the highest net income in our company's history."
Mazzarella continued, "Over the last several years we have invested in people, locations, technology, and service capabilities. We believe these investments will strengthen our position in the supply chain and enable us to provide our customers and suppliers with exceptional service and value 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 260 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.