Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 46

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 46
---
, INC. AND SUBSIDIARIES

Three Months Ended September 30, 2024(In millions)EES(1)CSS(1)UBSCorporateTotalNet income attributable to common stockholders$163.7$155.1$168.5$(297.4)$189.9Net (loss) income attributable to noncontrolling interests(1.0)0.9—0.50.4Preferred stock dividends———14.414.4Provision for income taxes(2)———69.369.3Interest expense, net(2)———86.586.5Depreciation and amortization12.117.76.99.346.0Other expense (income), net5.44.9(19.7)(15.5)(24.9)Stock-based compensation expense1.11.60.83.36.8Digital transformation costs(3)———5.45.4Cloud computing arrangement amortization(4)———3.83.8Restructuring costs(5)———0.50.5Adjusted EBITDA$181.3$180.2$156.5$(119.9)$398.1Adjusted EBITDA margin %8.6%9.0%11.3%(1)  As previously described in Note 2, “Accounting Policies,” the reportable segment information for the three months ended September 30, 2024 for the EES and CSS reportable segments has been recast to conform to the current year presentation.(2)  The reportable segments do not incur income taxes and interest expense as these costs are centrally controlled through the Corporate tax and treasury functions.(3)  Digital transformation costs include costs associated with certain digital transformation initiatives.(4) 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.(5)  Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

Note: Adjusted EBITDA and Adjusted EBITDA margin % are non-GAAP financial measures that provide indicators of the Company's performance and its ability to meet debt service requirements. Adjusted EBITDA margin % is calculated by dividing Adjusted EBITDA by net sales.

32

Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

The following tables reconcile selling, general and administrative expenses, income from operations, other non