Graybar reports Q1 growth
Electrical and communications product distributor, Graybar, reported net income of $18.9 million – a 58.7% increase over the first quarter of 2007.
Electrical and communications product distributor, Graybar, which is also known for related supply chain management and logistics services, reported net income of $18.9 million %%MDASSML%% a 58.7% increase over the first quarter of 2007.
Net sales grew 4.8% during the first quarter of 2008 %%MDASSML%% to $1.28 billion %%MDASSML%% compared to the same period in 2007. The company attributes the increase to a modest growth in electrical market sales, coupled with a solid sales growth rate and competitive performance in the data communications market. First-quarter 2008 income from operations rose 22.8% %%MDASSML%% to $30.5 million %%MDASSML%% compared to the first quarter of 2007.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey