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Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Condensed Consolidated Statements Of Income [Abstract]        
Net Sales $ 3,005.3 $ 2,792.1 $ 5,738.0 $ 5,464.7
Cost of merchandise sold (2,419.5) (2,231.2) (4,604.2) (4,356.9)
Gross Margin 585.8 560.9 1,133.8 1,107.8
Selling, general and administrative expenses (416.4) (375.6) (809.0) (737.3)
Depreciation and amortization (20.4) (15.3) (39.7) (29.6)
Other income, net 1.0 1.1 7.6 1.9
Income from Operations 150.0 171.1 292.7 342.8
Non-operating expenses, net (1.7) (3.1) (2.1) (5.9)
Income before Provision for Income Taxes 148.3 168.0 290.6 336.9
Provision for income taxes (37.7) (43.6) (74.5) (87.5)
Net Income 110.6 124.4 216.1 249.4
Net income attributable to noncontrolling interests (0.2) (0.2) (0.5) (0.4)
Net Income attributable to Graybar Electric Company, Inc. $ 110.4 $ 124.2 $ 215.6 $ 249.0
Net Income attributable to Graybar Electric Company, Inc. per share of Common Stock [1] $ 3.42 $ 3.86 $ 6.66 $ 7.73
Cash Dividends per share of Common Stock $ 0.30 $ 0.30 $ 0.60 $ 0.60
Average Common Shares Outstanding [1] 32.4 32.2 32.4 32.2
[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 26.8 million for the three and six months ended June 30, 2023.