Graybar Reports 2010 First Quarter Results

Company Achieves 42 Precent Earnings Increase

ST. LOUIS, May 17, 2010 – Graybar, a leading distributor of electrical and communications products and provider of related supply chain management and logistics services, reported a 42 percent increase in net income for the first quarter of 2010. Sales declined slightly for the quarter and in line with expectations.

"We are pleased by our earnings increase for the first quarter," said Robert A. Reynolds, Jr., chairman, president and chief executive officer of Graybar. "The company is in great financial condition with low debt levels and a strong cash position, allowing us to focus on the long-term health of the organization and prepare for future growth."