Company research
GRAYBAR ELECTRIC CO INC
CIK 205402Updated Nov 3, 2026
Filing activity
Latest filing
50 filings on record · EFFECT, S-1/A, 10-Q, 8-K, S-1, DEFA14C.
About the company
We are a leading North American distributor of electrical, industrial, automation and connectivity products, and are a provider of related supply chain management and logistics services. We primarily serve customers in the construction, commercial, institutional and government (“CIG”), and industrial & utility vertical markets, with products and services that support new construction, infrastructure updates, building renovation, facility maintenance, repair and operations (“MRO”), and original equipment manufacturers (“OEM”). Our business activity is primarily based in the United States of America (“U.S.”). We also have subsidiary operations with distribution facilities in Canada and Puerto Rico.
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,927,400,000Source | 4,307,200,000Source | 4,006,100,000Source | 3,749,100,000Source |
| Property, Plant and Equipment, NetUSD | 480,400,000Source | 477,900,000Source | 499,900,000Source | 461,200,000Source |
| GoodwillUSD | 235,000,000Source | 232,200,000Source | 179,000,000Source | 83,100,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 288,300,000Source | 310,500,000Source | 261,900,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 273,100,000Source | 90,400,000Source | 98,600,000Source | 69,400,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,059,100,000Source | 1,820,300,000Source | 1,657,300,000Source | 1,673,000,000Source |
| Inventory, NetUSD | 1,038,200,000Source | 902,200,000Source | 908,400,000Source | 1,026,300,000Source |
| Assets, CurrentUSD | 3,488,300,000Source | 2,899,900,000Source | 2,743,900,000Source | 2,852,400,000Source |
| Operating Lease, Right-of-Use AssetUSD | 273,200,000Source | 232,900,000Source | 219,200,000Source | 175,300,000Source |
| Other Assets, NoncurrentUSD | 162,200,000Source | 153,800,000Source | 102,200,000Source | 260,200,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,651,200,000Source | 2,259,600,000Source | 2,117,800,000Source | 2,223,500,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 1,819,200,000Source | 1,614,900,000Source | 1,417,100,000Source | 1,141,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -201,100,000Source | -217,700,000Source | -177,900,000Source | -152,800,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,266,300,000Source | 2,039,900,000Source | 1,880,500,000Source | 1,520,000,000Source |
| Liabilities and EquityUSD | 4,927,400,000Source | 4,307,200,000Source | 4,006,100,000Source | 3,749,100,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,213,000,000Source | 1,825,700,000Source | 1,723,300,000Source | 1,820,900,000Source |
| Operating Lease, Liability, CurrentUSD | 62,100,000Source | 55,700,000Source | 51,900,000Source | 43,900,000Source |
| Accounts Payable, CurrentUSD | 1,563,300,000Source | 1,294,000,000Source | 1,255,300,000Source | 1,276,800,000Source |
| Operating Lease, Liability, NoncurrentUSD | 235,000,000Source | 194,900,000Source | 183,400,000Source | 147,100,000Source |
| Other Liabilities, NoncurrentUSD | 54,700,000Source | 55,900,000Source | 45,100,000Source | 55,300,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 9,900,000Source | 7,700,000Source | 7,800,000Source | 5,600,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 432,400,000Source | 424,100,000Source | 464,400,000Source | 453,700,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 86,500,000Source | 80,800,000Source | 66,100,000Source | 53,400,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 243,200,000Source | 134,800,000Source | -115,900,000Source | 235,700,000Source |
| Increase (Decrease) in InventoriesUSD | 134,900,000Source | -17,800,000Source | -173,100,000Source | 201,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 10,700,000Source | 19,000,000Source | 15,400,000Source | -3,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 477,000,000Source | 379,700,000Source | 623,100,000Source | 352,900,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 6,900,000Source | 146,300,000Source | 378,800,000Source | 83,700,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -49,000,000Source | -182,600,000Source | -484,700,000Source | -150,800,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 58,000,000Source | 58,500,000Source | 82,000,000Source | 67,700,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 20,800,000Source | 24,700,000Source | 20,300,000Source | 14,700,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -245,300,000Source | -205,300,000Source | -109,200,000Source | -181,200,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 227,100,000Source | 225,300,000Source | 80,400,000Source | 92,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 273,100,000Source | 90,400,000Source | 98,600,000Source | 69,400,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 500,000Source | 900,000Source | 2,600,000Source | 1,600,000Source |
| Income Taxes Paid, NetUSD | 134,100,000Source | 131,400,000Source | 142,000,000Source | 164,900,000Source |
| Additional Financial Items | ||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -200,000Source | — | — | -27,000,000Source |
| DepreciationUSD | 53,700,000Source | 49,400,000Source | 43,100,000Source | 37,600,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 5,700,000Source | 10,900,000Source | 400,000Source | -400,000Source |
| GoodwillUSD | 235,000,000Source | 232,200,000Source | 179,000,000Source | 83,100,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 147,300,000Source | 149,100,000Source | 164,900,000Source | 155,800,000Source |
| Net Income (Loss) Attributable to ParentUSD | 431,400,000Source | 423,100,000Source | 463,400,000Source | 452,900,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,000,000Source | 1,000,000Source | 1,000,000Source | 800,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 52,200,000Source |
| Other Operating Income (Expense), NetUSD | 3,300,000Source | 12,000,000Source | 4,600,000Source | 2,900,000Source |
| Payments of Financing CostsUSD | 2,400,000Source | — | — | — |
| Pension Expense (Reversal of Expense), NoncashUSD | — | — | — | 27,000,000Source |
| Proceeds from Issuance of Common StockUSD | 26,300,000Source | 26,100,000Source | 22,900,000Source | 20,400,000Source |
| Proceeds from Noncontrolling InterestsUSD | 1,600,000Source | — | 1,500,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 12,875,600,000Source | 11,645,500,000Source | 11,042,400,000Source | 10,534,400,000Source |
| Cost of RevenueUSD | 10,386,900,000Source | 9,309,300,000Source | 8,818,600,000Source | 8,387,300,000Source |
| Selling, General and Administrative ExpenseUSD | 1,823,800,000Source | 1,691,200,000Source | 1,525,000,000Source | 1,442,800,000Source |
| Operating Income (Loss)USD | 581,700,000Source | 576,200,000Source | 637,300,000Source | 653,800,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 579,700,000Source | 573,200,000Source | 629,300,000Source | 609,500,000Source |
| Income Tax Expense (Benefit)USD | 147,300,000Source | 149,100,000Source | 164,900,000Source | 155,800,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,000,000Source | 1,000,000Source | 1,000,000Source | 800,000Source |
| Net Income (Loss) Attributable to ParentUSD | 431,400,000Source | 423,100,000Source | 463,400,000Source | 452,900,000Source |
| Earnings Per Share, BasicUSD per share | 13.31Source | 13.11Source | 14.42Source | 17.05Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 32,417,744Source | 32,262,812Source | 32,121,723Source | 26,558,393Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 136,600,000Source | 130,100,000Source | 149,500,000Source | 158,800,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -200,000Source | — | — | -27,000,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 2,488,700,000Source | 2,336,200,000Source | 2,223,800,000Source | 2,147,100,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 539,300,000Source | 532,500,000Source | 591,900,000Source | 573,600,000Source |
| Interest Expense, DebtUSD | — | — | 2,700,000Source | — |
| Interest Income (Expense), NetUSD | 900,000Source | — | — | — |
| Operating Lease, ExpenseUSD | — | — | — | 52,200,000Source |
| Other Operating Income (Expense), NetUSD | 3,300,000Source | 12,000,000Source | 4,600,000Source | 2,900,000Source |
| Selling ExpenseUSD | 111,300,000Source | 106,200,000Source | 102,000,000Source | 101,000,000Source |
Offerings
Registration 333-298655
Registration 333-292353
Registration 333-289775
Filing attachments
c402-20251231xex4_3.htm · 10-K · 2026-03-11
Exhibit 4.3 GRAYBAR ELECTRIC COMPANY, INC. VOTING TRUST AGREEMENT Dated as of March 6, 2026 INDEX Page PARTIES A-1 RECITALS A-1 ARTICLE I DEFINITIONS Section 1.01 …
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