Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 70

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 70
---
Excise taxes on excess pension plan assets(3)—(4.8)Adjusted selling, general and administrative expenses$829.0$810.5Adjusted Income from Operations:Income from operations$240.9$263.0Digital transformation costs(1)6.26.1Restructuring costs(2)1.18.0Excise taxes on excess pension plan assets(3)—4.8Adjusted income from operations$248.2$281.9Adjusted Other (Income) Expense, net:Other expense, net$0.2$21.6Loss on termination of business arrangement(4)(0.3)—Pension settlement cost(5)—(5.5)Adjusted other (income) expense, net$(0.1)$16.1Adjusted Provision for Income Taxes:Provision for income taxes$36.1$30.9Income tax effect of adjustments to income from operations and other (income) expense, net(6)2.06.6Adjusted provision for income taxes$38.1$37.5

(1)    Digital transformation costs include costs associated with certain digital transformation initiatives.

(2)    Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

(3)    Excise taxes on excess pension plan assets represent the excise taxes applicable to the excess pension plan assets following the final settlement of the Company's U.S. pension plan.

(4)    Loss on termination of business arrangement represents the loss recognized as a result of management's decision to terminate a business arrangement with a third party.

(5)    Pension settlement cost represents expense related to the final settlement of the Company's U.S. pension plan. 

(6)    The adjustments to income from operations and other (income) expense, net have been tax effected at rates of 26.4% and 27.0% for the three months ended March 31, 2025 and 2024, respectively. 

29

Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Three Months EndedAdjusted Earnings per Diluted Share:March 31, 2025March 31, 2024(In millions, except per share data)Adjusted income from operations$248.2 $281.9 Interest expense, net86.3 94.4 Adjusted other (income) expense, net(0.1)16.1 Adjusted income before income taxes162.0