Jetstar to Charge for Overhead Cabin Bags From February 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Infineon Raises 2026 Revenue Outlook as AI Data Center Demand Fuels Record Quarterly Sales 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Samsung, SK Hynix Test AMEC Chipmaking Tools for China Backup Plan 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
DHL Q2 Profit Jumps 24% as Express Business Drives Growth 
St. Louis, MO, March 09, 2018 -- 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 2017 with its sixth consecutive year of record net sales. In 2017, net sales totaled $6.6 billion, a 3.9 percent increase compared to the previous year.
|
|||
The company’s income before provision for income taxes increased 9.2 percent; however, net income for 2017 decreased to $71.6 million, as a consequence of the tax reform legislation that took effect late last year. Despite this short-term impact, Graybar anticipates the tax reform legislation will reduce its effective tax rate, improve liquidity and provide opportunities to grow the business through both organic initiatives and acquisitions moving forward.
“I am proud of our strong performance in 2017 and grateful to our employees for their dedication to serving our customers,” said Graybar’s Chairman, President and CEO Kathleen M. Mazzarella. “Through consistent execution of our strategic plan, we have achieved several years of sustained growth and profitability. As we look to the future, we will pursue our vision of leadership in digital innovation by building the culture and capabilities to reimagine the value of distribution and transform the supply chain for the future. We believe this will work to our customers’ advantage today and create new opportunities to enhance Graybar’s long-term performance.”
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 nearly 290 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.
###
Attachment:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/82cb8e61-b6bb-4be4-a858-c176a8923bb1
Timothy Sommer Graybar (314) 578-7672 [email protected]
