Graybar announces financial results for third quarter 2010

Electricals distributor Graybar has reported its third quarter results for 2010, revealing a 98 per cent increase in net income and an 11 per cent increase in net sales year-over-year.

Net sales through the first nine months of 2010 increased by 2.4 per cent to $3.4bn (£2.1bn), while net income rose by 58 per cent to $33m compared to the same period in 2009.