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Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Condensed Consolidated Statements Of Income [Abstract]    
Net Sales $ 2,732.7 $ 2,672.6
Cost of merchandise sold (2,184.7) (2,125.7)
Gross Margin 548.0 546.9
Selling, general and administrative expenses (392.6) (361.7)
Depreciation and amortization (19.3) (14.3)
Other income, net 6.6 0.8
Income from Operations 142.7 171.7
Non-operating expenses, net (0.4) (2.8)
Income before Provision for Income Taxes 142.3 168.9
Provision for income taxes (36.8) (43.9)
Net Income 105.5 125.0
Net income attributable to noncontrolling interests (0.3) (0.2)
Net Income attributable to Graybar Electric Company, Inc. $ 105.2 $ 124.8
Net Income attributable to Graybar Electric Company, Inc. per share of Common Stock [1] $ 3.24 $ 3.87
Cash Dividends per share of Common Stock $ 0.30 $ 0.30
Average Common Shares Outstanding [1] 32.4 32.3
[1] Adjusted for the declaration of a 20% stock dividend in 2023, shares related to which were issued in February 2024. Prior to the adjustment, the average common shares outstanding were 26.9 million for the three months ended March 31, 2023.