DALLAS, Texas, July 28, 2026 (GLOBE NEWSWIRE) — City Electric Supply (CES)<\/a>\u00a0recently\u00a0closed its\u00a0seventh\u00a0consecutive\u00a0fiscal year\u00a0of\u00a0strong performance\u00a0in North America.\u00a0Guided by an approach centered on empowering local teams while delivering consistent service across every market it serves, CES once again delivered strong results in fiscal year 2025\u20132026 through rising sales, operational expansion, and continued investment in\u00a0its\u00a0people.\u00a0<\/p>\n “Our results from this fiscal year reflect the\u00a0dedication\u00a0of our team members and the relationships they\u2019ve built with customers\u00a0across North America,\u201d said Co-CEO John Gray. \u201cBy empowering our branches to make decisions that best serve their communities,\u00a0we continue growing while staying true\u00a0to our values.\u201d\u00a0<\/p>\n Throughout fiscal year 2025\u20132026, CES delivered strong financial results across North America.\u00a0In the U.S., net sales increased\u00a09.33% year over year, while the company’s five-year compounded annual growth rate (CAGR) for net sales reached 14.23%.\u00a0\u00a0<\/p>\n In Canada, net sales increased 14.04% year over year, with a five-year CAGR of 12.53%.\u00a0Across North America, sales increased 10% year over year, reflecting continued momentum across the business.\u00a0<\/p>\n During the fiscal year, CES opened 20 new branches \u2014 19 in the U.S. and one in New Brunswick, Canada. The U.S. expansion includes the territory of Puerto Rico and the company’s first location in Rhode Island, bringing its total footprint to 32 states.\u00a0<\/p>\n The New Brunswick location marks CES\u2019s first branch in its seventh Canadian province, extending its Canadian footprint to\u00a0nearly\u00a02,700\u00a0miles\u00a0from Vancouver Island on the west coast to Halifax on the east coast,\u00a0and reinforcing\u00a0one of the largest continuous operational networks within CES.\u00a0\u00a0<\/p>\n Blair Feidler, former vice president of operations, was appointed Co-CEO alongside John Gray, following the planned retirement of Co-CEO Andrew Dawes.\u00a0\u00a0<\/p>\n With 29 years at CES, Feidler joins Gray, who brings four decades of experience with the company,\u00a0to lead\u00a0its\u00a0next chapter. Together, their\u00a0extensive operational\u00a0expertise\u00a0and\u00a0deep understanding of the business\u00a0provide\u00a0a strong foundation\u00a0for continued growth and long-term success.\u00a0<\/p>\n “I’m honored to step into this role alongside John as we build on our already strong foundation,” said Co-CEO Blair Feidler. \u201cI am excited about the opportunities ahead as we continue growing and expanding our capabilities.\u201d\u00a0<\/p>\n A\u00a0commitment\u00a0to innovation\u00a0was\u00a0also\u00a0evident\u00a0in CES\u2019s fiscal year,\u00a0marked by the\u00a0official launch\u00a0of\u00a0CES One-Line Service<\/a>\u00a0in partnership with Siemens, a new solution designed to reduce long lead times for panelboards and switchboards. The service streamlines the process from diagram to finished product in days with 99% accuracy, reflecting CES\u2019s focus on practical innovation that supports\u00a0customers\u00a0in the field.\u00a0<\/p>\n Leadership development and internal advancement remained central to CES\u2019s culture,\u00a0demonstrated\u00a0through several leadership promotions across the organization.\u00a0<\/p>\n
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