Graybar Reports 2009 Third Quarter Results

ST. LOUIS, Nov. 11 /PRNewswire/ -- Graybar, a leading distributor of electrical and communications products and provider of related supply chain management and logistics services, reported net sales of $3.3 billion for the first three quarters of 2009, a decrease of 20.5 percent, compared to the first three quarters of 2008. The company also reported $20.9 million in net income for the first nine months of 2009, a 68.9 percent decrease from the same period last year. Revenues during the third quarter of 2009 were down 22.5 percent compared to the same period in 2008. The results for the quarter and the first nine months of the year were somewhat less than the company's expectations.

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