Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 155

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 155
---
 millions, except per share data)Adjusted income from operations$330.3 $348.3 Interest expense, net92.9 98.8 Adjusted other (income) expense, net(7.3)3.2 Adjusted income before income taxes244.7 246.3 Adjusted provision for income taxes64.0 67.7 Adjusted net income180.7 178.6 Net income attributable to noncontrolling interests0.3 0.7 Adjusted net income attributable to WESCO International, Inc.180.4 177.9 Preferred stock dividends12.9 14.4 Adjusted net income attributable to common stockholders$167.5 $163.5 Diluted shares49.4 50.9 Adjusted earnings per diluted share$3.39 $3.21 

Note: For the three months ended June 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, and the gain on redemption of the Company's Series A Preferred Stock. For the three months ended June 30, 2024, SG&A expenses, income from operations, other non-operating (income) expense, the provision for income taxes, net income attributable to common stockholders, and earnings per diluted share have been adjusted to exclude the loss on abandonment of assets, digital transformation costs, restructuring costs, the gain recognized on the divestiture of the WIS business, the loss on termination of business arrangement, and the related income tax effects. These non-GAAP financial measures provide a better understanding of our financial results on a comparable basis.

34

Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Six Months Ended June 30, 2025 versus Six Months Ended June 30, 2024

Net Sales

The following table sets forth net sales and organic sales growth for the periods presented:

Six Months EndedGrowth/(Decline)June 30, 2025June 30, 2024Reported SalesAcquisition/DivestitureForeign ExchangeWorkdayOrganic Sales(In millions)Net sales$11,243.3 $10,829.7 3.8 %(1.2)%(0.6)%(0.8)%6.4 %