Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 55

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 55
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 items are either not allocated to the segments or reviewed on a segment basis. Corporate expenses and assets not directly identifiable with a reportable segment are reported in the tables below to reconcile the reportable segments to the consolidated financial statements.As previously described in Note 2, “Accounting Policies,” the reportable segment information for the three months ended March 31, 2024 for the EES and CSS reportable segments has been recast to conform to the current year presentation.

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

The following tables present information about the Company’s reportable segments and reconcile adjusted EBITDA by segment to income before income taxes on a consolidated basis for the periods presented:Three Months Ended March 31, 2025(In millions)EESCSSUBSReportable Segments TotalNet sales$2,065.3$2,000.3$1,278.1$5,343.7Less:Cost of goods sold (excluding depreciation and amortization)1,594.11,580.81,043.24,218.1Selling, general and administrative payroll expenses(1)(3)212.1160.556.2428.8Other segment items(2)116.5100.540.4257.4Adjusted EBITDA$142.6$158.5$138.3$439.4Adjusted EBITDA margin %6.9 %7.9 %10.8 %Reconciliation of adjusted EBITDADepreciation and amortization39.0Other expense, net15.1Stock-based compensation expense(3)2.7Unallocated amounts (Corporate):Selling, general and administrative expenses147.4Interest expense, net(4)86.3Depreciation and amortization9.4Other income, net(14.9)Income before income taxes$154.4(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,