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Graybar Reports Record First Quarter Results

Graybar, a leading distributor of electrical, industrial, and connectivity products, announced its remarkable first-quarter financial results, achieving a historic milestone. On April 24, 2025, the company reported net sales of $2.95 billion, marking an impressive 7.9% increase compared to the same quarter last year. This figure not only establishes a new record for the highest first-quarter net sales in the company’s century-long history but also ranks as the third highest in any quarter ever recorded.

Despite the impressive sales figures, Graybar's net income for the quarter was reported at $100.9 million, reflecting a 4.1% decrease from the previous year’s first quarter. This decline can be largely attributed to ongoing investments in the Graybar Connect, a transformative project aimed at enhancing the company's operational efficiency and market competitiveness.

Kathleen M. Mazzarella, the Chairman, President, and CEO of Graybar, expressed her satisfaction with the company’s progress, stating, "We achieved growth in the first quarter and made significant strides with Graybar Connect. A key accomplishment was the recent launch of our new ERP system, which will be fully deployed later this year, marking a significant milestone in our ongoing business transformation."

In addition to the successful launch of the ERP system, Graybar has celebrated several other significant achievements in the first quarter of 2025:

• - Expanded Scholarship Fund: The company announced the continuation of the Graybar Construction Trades Scholarship for the sixth consecutive year, raising the award amount to $2,500, up from $1,000. This initiative aims to support individuals pursuing careers in the skilled trades, emphasizing Graybar's commitment to workforce development.
• - Top Workplaces Recognition: For the fifth consecutive year, Graybar has been recognized as a Top Workplaces USA Award winner by Energage and USA TODAY, which highlights the company’s exceptional workplace culture and employee satisfaction.
• - Esteemed Industry Rankings: Graybar secured a place on the Fortune World's Most Admired Companies List for an impressive 23rd year, reinforcing its reputation as a leader in the distribution sector.

Mazzarella further noted, “Thanks to Graybar's unique employee ownership structure, we can invest for the long term, navigating ongoing economic uncertainties. Our strategic investments in Graybar Connect are expected to yield tremendous value for both our company and our customers. Additionally, we continue to explore acquisitions and partnerships to bolster our capabilities and achieve sustained growth.”

Founded in 1925, Graybar operates as a leading distributor of electrical, industrial, automation, and connectivity products. The company also specializes in supply chain management and logistics services through its extensive network of 350 North American distribution facilities. This broad outreach allows Graybar to stock and sell products from thousands of manufacturers, thus aiding customers in powering and securing their operations with efficiency and innovation.

For more information about Graybar and its offerings, visit www.graybar.com or call their customer service at 1-800-GRAYBAR.