Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 145

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 145
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 reported net sales of $1,428.6 million for the third quarter of 2025 compared to $1,383.1 million for the third quarter of 2024, an increase of $45.5 million, or 3.3%. UBS organic sales for the third quarter of 2025 grew by 3.4%, reflecting volume growth of approximately 2% driven primarily by growth in the broadband business, as well as the impact of changes in price, which favorably impacted organic sales by approximately 1%.

UBS adjusted EBITDA decreased $7.7 million, or 4.9% year-over-year. The decrease primarily reflects a decrease in gross margin driven by the competitive pricing environment. 

The following tables reconcile net income attributable to common stockholders to adjusted EBITDA and adjusted EBITDA margin % by segment, which are non-GAAP financial measures, for the periods presented: 

Three Months Ended September 30, 2025(In millions)EESCSSUBSCorporateTotalNet income attributable to common stockholders$183.2$191.7$140.7$(328.1)$187.5Net income (loss) attributable to noncontrolling interests0.31.2—(0.4)1.1Provision for income taxes(1)———57.857.8Interest expense, net(1)———99.099.0Depreciation and amortization12.719.37.89.349.1Other expense (income), net1.17.0(0.2)(7.9)—Stock-based compensation expense1.01.30.57.910.7Digital transformation costs(2)———10.410.4Cloud computing arrangement amortization(3)———9.09.0Restructuring costs(4)———(1.6)(1.6)Adjusted EBITDA$198.3$220.5$148.8$(144.6)$423.0Adjusted EBITDA margin %8.4%9.1%10.4%(1)  The reportable segments do not incur income taxes and interest expense as these costs are centrally controlled through the Corporate tax and treasury functions.(2)  Digital transformation costs include costs associated with certain digital transformation initiatives.(3) Cloud computing arrangement amortization consists of expense recognized in selling, general and administrative expenses for capitalized implementation costs for cloud computing arrangements to support our digital transformation initiatives.(4)  Reduction