Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 162

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 162
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)%(6.3)%(0.3)%(0.8)%(4.7)%Adjusted EBITDA$282.0$342.9Adjusted EBITDA Margin %10.6%11.3%

UBS reported net sales of $2.7 billion for the first six months of 2025 compared to $3.0 billion for the first six months of 2024, a decrease of $367.1 million, or 12.1%, which is inclusive of an unfavorable impact from the divestiture of the WIS business of 6.3%. UBS organic sales for the first six months of 2025 declined by 4.7%, reflecting volume declines, primarily as a result of ongoing customer destocking and cautious spending related to tariff and market uncertainties. Changes in price did not have a material impact on the year-over-year decline in UBS organic sales.

UBS adjusted EBITDA decreased $60.9 million, or 17.8% year-over-year. The decrease primarily reflects a decline in volume, as described above. The decrease in adjusted EBITDA was further offset by a decrease in SG&A expenses of $12.3 million as compared to the prior year, which was primarily attributed to lower salaries of $4.8 million, lower commissions and incentives of $4.7 million, and lower benefits expense of $2.4 million, all of which were driven by the impact of the WIS divestiture.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

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:

Six Months Ended June 30, 2025(In millions)EESCSSUBSCorporateTotalNet income attributable to common stockholders$287.2$289.3$268.1$(551.4)$293.2Net income (loss) attributable to noncontrolling interests—0.7—(0.5)0.2Gain on redemption of Series A Preferred Stock———(27.6)(27.6)Preferred stock dividends———27.327.3Provision for income taxes(1)———97.997.9Interest expense, net(1)———179.2179.2Depreciation and amortization24.638.115.418.696.7Other expense