Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 148

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 148
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 pursuant to an ongoing restructuring plan.

(3)    Reduction to pension settlement cost represents income as a result of the finalization of the liabilities transferred as part of the settlement of the Company's U.S. pension plan.

(4)    The adjustments to income from operations and other expense (income), net have been tax effected at rates of 26.7% and 24.3% for the three months ended September 30, 2025 and 2024, respectively. 

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Three Months EndedAdjusted Earnings per Diluted Share:September 30, 2025September 30, 2024(In millions, except per share data)Adjusted income from operations$354.2 $341.5 Interest expense, net99.0 86.5 Adjusted other expense (income), net— (3.4)Adjusted income before income taxes255.2 258.4 Adjusted provision for income taxes60.2 65.5 Adjusted net income195.0 192.9 Net income attributable to noncontrolling interests1.1 0.4 Adjusted net income attributable to WESCO International, Inc.193.9 192.5 Preferred stock dividends— 14.4 Adjusted net income attributable to common stockholders$193.9 $178.1 Diluted shares49.5 49.8 Adjusted earnings per diluted share$3.92 $3.58 

Note: For the three months ended September 30, 2025, SG&A expenses, income from operations, the provision for income taxes, net income attributable to common stockholders, and earnings per diluted share have been adjusted to exclude digital transformation costs, restructuring costs, and the related income tax effects. For the three months ended September 30, 2024, SG&A expenses, income from operations, other non-operating expense (income), the provision for income taxes, net income attributable to common stockholders, and earnings per diluted share have been adjusted to exclude digital transformation costs, restructuring costs, the gain recognized on the divestiture of the WIS business, the reduction to pension settlement cost, and the related income tax effects. These non-GAAP financial measures provide a better understanding of our financial results on a comparable basis.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Nine Months Ended September