Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 98

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 98
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.6176.01,341.7Other segment items(2)356.5322.2132.8811.5Adjusted EBITDA$523.8$578.0$430.7$1,532.5Adjusted EBITDA margin %7.8 %8.7 %10.5 %Reconciliation of adjusted EBITDADepreciation and amortization117.9Other expense, net43.8Stock-based compensation expense(3)8.4Unallocated amounts (Corporate):Selling, general and administrative expenses469.8Interest expense, net(4)278.2Depreciation and amortization27.9Other income, net(50.8)Income before income taxes$637.3(1) Selling, general and administrative payroll expenses includes salaries, benefits, commissions, incentives, temporary labor, and other payroll expenses.(2) Other segment items primarily includes allocated expenses (which includes employee-related allocations), transportation costs, facility costs (including rent and utilities), employee expenses (including travel and entertainment), credit losses, professional and consulting fees, supplies, real estate and personal property taxes, sales promotion expenses, and gains (losses) on the sale, disposal, or abandonment of property and equipment.(3) Stock-based compensation expense is excluded from selling, general and administrative payroll expenses, as this is an adjustment to calculate adjusted EBITDA.(4) The reportable segments do not incur interest expense as these costs are centrally controlled through the Corporate treasury function.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)(unaudited)

Nine Months Ended September 30, 2024(In millions)EESCSSUBSReportable Segments TotalNet sales$6,309.2$5,605.0$4,404.9$16,319.1Less:Cost of goods sold (excluding depreciation and amortization)4,802.64,382.33,585.612,770.5Selling, general and administrative payroll expenses(1)(3)642.1467.0187.11,296.2Other segment items(2)331.2288.8132.8752.8Adjusted EBITDA$533.3$466.9$499.4$1,499.6Adjusted EBITDA margin %8.5 %8.3