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Graybar Announces Record 2024 Financial Results

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Reports Record $11.6 Billion in 2024 Net Sales

Celebrates 100th Anniversary as Independent Company in 2025

ST. LOUIS, March 13, 2025 /PRNewswire/ — Graybar, a leading distributor of electrical, industrial, automation and connectivity products and provider of related supply chain management and logistics services, today announced its 2024 financial results.

Graybar, which is celebrating its 100th anniversary as an independent company this year, reported a record $11.6 billion in 2024 net sales, an increase of 5.5% over the prior year. The company has achieved record net sales in 12 of the past 13 years, with the exception occurring in 2020 due to the global pandemic.

Graybar reported $423.1 million in net income in 2024, the third highest net income in the company’s history. Net income declined by 8.7% over 2023, predominantly due to the company’s significant investments in Graybar Connect, a multi-year, strategic business transformation project detailed below.

“Graybar’s record sales performance in 2024 demonstrates our ability to deliver continued profitable growth while investing in our future,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “Employee ownership underpins this long-term mindset and is critical to everything we do. This approach has been a consistent aspect of our culture since Western Electric spun off Graybar as a separate business in 1925. Graybar’s employees purchased the company in 1929, and we have been 100 percent owned by our employees and retirees ever since. At a time when American businesses are frequently bought and sold by investors on public markets, Graybar’s consistent structure stands apart. We do business the right way, deliver on our promises and always look to leave our company better than we found it.”

During 2024, Graybar invested in its future through several key initiatives, including:

Invested for profitable, diversified growth through acquisitions, including Blazer Electric Supply, an electrical distributor in Colorado, Dynamic Solutions in California (through subsidiary Valin Corporation) and Power Supply Company in Tennessee (through subsidiary Cape Electrical Supply).

Invested in advanced technology through Graybar Connect, a multi-year project focused on transforming the company’s technology, data, processes and organization. After several years of investments, Graybar plans to launch a new core ERP system in 2025. This represents the company’s first major milestone toward reimagining its operating model and process framework. As the new system provides employees with advanced capabilities and analytics, it also sets the stage for future phases of the project, all with the goal of supporting long-term growth, improved profitability and an enhanced customer and employee experience.

Invested in the next generation of leaders, with key leadership appointments across its regional business units, as well as Sales, Operations, Strategic Planning and Customer Experience. The company knows that strong leadership is vital to its long-term success and continues to prepare its managers to step into roles of greater responsibility across the organization.

Mazzarella concluded, “Today’s business environment is more complex and uncertain than ever before. The pace of change continues to accelerate, and sustaining our leadership position requires us to strategically invest in our future through initiatives like Graybar Connect. Graybar’s strong balance sheet gives us the financial flexibility to manage through challenges, while we capitalize on opportunities in new markets, new customers, new technologies and of course, acquisitions.”

About Graybar
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, industrial, automation and connectivity products, and specializes in related supply chain management and logistics services. Through its network of 350 North American distribution facilities, it stocks and sells products from thousands of manufacturers, helping its customers power, network, automate and secure their facilities with speed, intelligence and efficiency. For more information, visit www.graybar.com or call 1-800-GRAYBAR.

Media Contact:
Tim Sommer
(314) 578-7672
timothy.sommer@graybar.com

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EQT agrees to sale of shares in Beijer Ref to Melker Schörling AB

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STOCKHOLM, June 11, 2026 /PRNewswire/ — Breeze TopCo S.à r.l, an affiliate of the EQT IX fund (“EQT”) has signed an agreement to sell its entire holding of non-listed A-shares in Beijer Ref to Melker Schörling AB (“Melker Schörling”) at an undisclosed premium. 

As part of the transaction, Peter Jessen Jürgensen, via Labotek International A/S and KLS Jessen AB, agrees to sell his entire holding of A-shares to EQT, in exchange for 4,146,592 B-shares from EQT. The A-shares received by EQT from Peter Jessen Jürgensen will, upon completion of that transfer, be included in EQT’s sale of its entire holding of A-shares to Melker Schörling.

The closing of the transactions are subject to customary regulatory approvals. Following completion of the transactions, EQT will hold 30,742,835 B-shares in Beijer Ref.

Contact
EQT Press Office, press@eqtpartners.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-agrees-to-sale-of-shares-in-beijer-ref-to-melker-schorling-ab,c4361597

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Huasun Ranked 12th on TIME’s World’s Top GreenTech Companies of 2026, Leaping 22 Places on the Strength of HJT Conviction

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XUANCHENG, China, June 11, 2026 /PRNewswire/ — Huasun Energy, a global leader in heterojunction (HJT) solar technology, has been ranked 12th on TIME’s World’s Top GreenTech Companies of 2026 — a recognition presented jointly by TIME and Statista. Having debuted on the list at 34th in 2025, Huasun has climbed 22 positions in a single year, ranking highest among Chinese companies on the list.

The ranking evaluates more than 8,300 companies worldwide, selecting 250 of the most impactful green technology companies based on quantitative assessment on environmental impact, financial strength, and innovation.

A Conviction Rewarded

“This recognition is the best validation of Huasun’s commitment to HJT technology since establishment,” said Dr. Xiaohua (Jimmy) Xu, Chairman of Huasun Energy. “We chose this path not because it was easy, but because we believed it represented the future of solar. Over the years, we have built deep R&D capabilities and a growing patent portfolio, and translated each technology breakthrough into products that are now trusted by customers around the world.”

Today, Huasun’s HJT modules lead the industry on mass-production cell efficiency, module reliability, and lifetime energy yield — advantages built on years of process engineering and IP accumulation. Beyond current-generation products, Huasun has pioneered a 100 MW pilot line for HJT-perovskite tandem cells, establishing an early industrial pathway toward next-generation photovoltaic efficiency. The company is also advancing space-grade HJT solar technology and exploring the integration of solar power with AI computing infrastructure — positioning HJT as a foundational energy technology for both terrestrial and emerging high-demand applications.

Global Reach Built on Technology Trust

In less than six years, Huasun has shipped over 16 GW of HJT modules to projects across more than 80 countries and regions. HJT’s combination of high bifaciality, low temperature coefficient, and low carbon footprint has earned the trust of project developers, EPC contractors, and power investors worldwide.

About Huasun Energy

Founded in July 2020, Huasun Energy is a global leader in HJT solar cell and module manufacturing, with over 16 GW shipped to 80+ countries and regions. Committed since inception to a single technology path, Huasun’s mission is to make clean energy universally accessible through continuous innovation in HJT, tandem cell, and next-generation solar technologies. For more information, visit www.huasunsolar.com

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Cobra Electronics Expands Its Professional Product Range with New DMR Tier II-Compliant Performa Digital Radios in Europe

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Digital Radio Solutions for Small and Medium-Sized European Businesses

CHICAGO, June 11, 2026 /PRNewswire/ — For small and medium-sized businesses, reliable, high-quality communication is essential. These businesses require the audio quality and features digital radio systems provide but often find current options oversized, overpriced and unnecessarily complex.

With 65 years of experience in the two-way radio sector, Cobra Electronics has addressed these needs with the launch of its first DMR Tier II product line. Designed specifically for demanding business environments, these radios deliver dependable digital performance without the cost, bulk or complexity common in competing solutions.

The Performa Digital Series reflects Cobra’s focused approach to solving real-world business communication challenges. The line-up is cost-effective, easy to deploy and simple to use.

The Performa line-up includes two models for different work environments: the Performa 600 Digital prioritises wearability and simplicity for highly mobile teams, while the Performa 850 Digital delivers enhanced range, power and customisation for larger or more demanding sites. Both suit industries where coordination and mobility are critical, including hospitality, education, warehousing, event management and facility operations. On multi-shift, fast-moving sites, this DMR Tier II Compliant line-up will help teams communicate clearly, respond quickly and stay aligned throughout the workday.

“Clear, reliable communication is critical to keeping teams running efficiently, but many SMBs have been priced out of digital solutions,” said Jonas Forsberg, CEO of Cedar Electronics. “With the expansion of the Performa line-up to include digital, we’re making high-performance digital communication more accessible and scalable, giving businesses the reliability, durability and flexibility they need to stay connected effectively and operate with confidence.” 

Purpose-Built Solutions for Different Operational Needs

Performa 600 Digital – The Performa 600 is a compact, lightweight, digital radio built for teams that value comfort and agility. With a full 2-watt power output, a fixed antenna and a clear LED channel display, it delivers consistent, dependable communication in a wearable form factor.

Performa 850 Digital – The Performa 850 is a higher-powered digital radio designed for larger facilities, outdoor job sites and multi-storey operations. With 4-watt output, it offers extended coverage, a removable antenna and a dot matrix display for greater flexibility and customisation, making the 850 a more advanced option for organisations that require more scalability and customisation as their operations evolve.

Designed for flexible deployment, the Cobra Performa Digital Series is compatible with most DMR Tier II products currently on the market, allowing organisations to transition to digital at their own pace without replacing entire systems at once. Both models are built for durability, featuring IP67 waterproofing and MIL-STD-810H certification to ensure reliable performance in demanding conditions.

Cobra’s new Performa Digital radios are distributed exclusively through Airsys in Europe. The Cobra Performa Digital Series radios will start shipping this autumn. To learn more, visit https://eu.cobra.com/

About Cobra Electronics 

Cobra Electronics is a major brand of Cedar Electronics, a global supplier of connected business, automotive and consumer electronics solutions. Cobra’s focus remains on keeping people connected on the move with their product line-up, including handheld professional and consumer two-way radios, CB and marine radios, radar detectors, smart dash cams, power solutions and a range of accessories. Leveraging its 65-year history of producing high-quality, reliable communications solutions, Cobra extends the Cedar Electronics mission to empower people to communicate effectively and enhance productivity. To learn more, please visit eu.cobra.com.  

Media Contact

Sara Osborne 
360PR+ for Cobra Electronics  
sosborne@360pr.plus

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