Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 127

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 127
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 EndedJune 30, 2025June 30, 2024Adjusted SG&A Expenses:(In millions)Selling, general and administrative expenses$1,708.5$1,657.8Digital transformation costs(1)(13.8)(12.1)Restructuring costs(2)(1.6)(9.0)Loss on abandonment of assets(3)—(17.8)Excise taxes on excess pension plan assets(4)—(4.8)Adjusted selling, general and administrative expenses$1,693.1$1,614.1Adjusted Income from Operations:Income from operations$563.1$586.5Digital transformation costs(1)13.812.1Restructuring costs(2)1.69.0Loss on abandonment of assets(3)—17.8Excise taxes on excess pension plan assets(4)—4.8Adjusted income from operations$578.5$630.2Adjusted Other (Income) Expense, net:Other income, net$(7.1)$(74.3)Loss on termination of business arrangement(5)(0.3)(3.8)Gain on divestiture—102.9Pension settlement cost(6)—(5.5)Adjusted other (income) expense, net$(7.4)$19.3Adjusted Provision for Income Taxes:Provision for income taxes$97.9$118.7Income tax effect of adjustments to income from operations and other (income) expense, net(7)4.1(13.6)Adjusted provision for income taxes$102.0$105.1Adjusted Net Income Attributable to Common Stockholders:Net income attributable to common stockholders$293.2$319.2Digital transformation costs(1)13.812.1Restructuring costs(2)1.69.0Loss on abandonment of assets(3)—17.8Excise taxes on excess pension plan assets(4)—4.8Loss on termination of business arrangement(5)0.33.8Gain on divestiture—(102.9)Pension settlement cost(6)—5.5Income tax effect of adjustments to income from operations and other (income) expense, net(7)(4.1)13.6Gain on redemption of Series A Preferred Stock(27.6)—Adjusted net income attributable to common stockholders$277.2$282.9

(1)   Digital transformation costs include costs associated with certain digital transformation