[May 21, 2013] Graybar Reports 1Q 2013 Results [Health & Beauty Close - Up] Tweet (Health & Beauty Close - Up Via Acquire Media NewsEdge) Graybar, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, has reported that net sales for the first three months of 2013 were $1.3 billion, an increase of 0.2 percent compared to the same period last year. In a release on May 15, the Company noted that net income for the quarter was $7.9 million, a 51 percent decrease from the first quarter of 2012. "Although the first quarter was challenging, we remain optimistic about our growth opportunities for the future," said Kathleen M. Mazzarella, chairman, president and CEO of Graybar. "We invested in growth by opening five new locations so far this year. In the months to come, we plan to add more locations and capabilities that will extend our reach and work to the advantage of our customers." ((Comments on this story may be sent to [email protected])) (c) 2013 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ]