Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 163

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 163
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 (income), net11.726.6(2.4)(43.0)(7.1)Stock-based compensation expense2.02.70.913.018.6Digital transformation costs(2)———13.813.8Cloud computing arrangement amortization(3)———11.111.1Restructuring costs(4)———1.61.6Adjusted EBITDA$325.5$357.4$282.0$(260.0)$704.9Adjusted EBITDA margin %7.5%8.4%10.6%(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)  Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Six Months Ended June 30, 2024(In millions)EES(1)CSS(1)UBSCorporateTotalNet income attributable to common stockholders$319.4$210.8$429.3$(640.3)$319.2Net (loss) income attributable to noncontrolling interests(0.4)1.1—0.31.0Preferred stock dividends———28.728.7Provision for income taxes(2)———118.7118.7Interest expense, net(2)———193.2193.2Depreciation and amortization22.536.414.418.391.6Other expense (income), net8.335.2(102.4)(15.4)(74.3)Stock-based compensation expense2.13.31.65.812.8Loss on abandonment of assets(3)———17.817.8Digital transformation costs(4)———12.112.1Restructuring costs(5)———9.09.0Cloud computing arrangement amortization(6)———5.95.9Excise taxes on excess pension plan assets(7)———4.84.8Adjusted EBITDA$351.9$286.8$342.9$(241.1)$740.5Adjusted