Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 141

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 141
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.8 million.

28

Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Income from Operations

Income from operations was $345.4 million for the third quarter of 2025 compared to $335.6 million for the third quarter of 2024, an increase of $9.8 million, or 2.9%. The increase reflects higher sales partially offset by higher cost of goods sold as a percentage of net sales due to a decrease in gross margin in all three segments due to large projects and an increase in SG&A expenses as described above.

Interest Expense, net

Net interest expense totaled $99.0 million for the third quarter of 2025 compared to $86.5 million for the third quarter of 2024. The increase of $12.5 million, or 14.5%, was primarily driven by the issuance of the 2033 Notes, partially offset by lower borrowings and lower interest rates on the Receivables Facility and the Revolving Credit Facility throughout the third quarter of 2025 compared to the third quarter of 2024.

Other Income, net

There was no other income, net for the third quarter of 2025 due to various immaterial offsetting income and losses as compared to $24.9 million for the third quarter of 2024. The third quarter of 2024 included a $19.3 million gain on the sale of our WIS business. We recognized $1.8 million of income in the third quarter of 2025 from an adjustment to the fair value of the contingent consideration liability related to a recent acquisition. We recognized a net foreign currency exchange loss of $2.1 million for the third quarter of 2025 compared to a net foreign currency exchange gain of $2.5 million for the third quarter of 2024. We recognized net benefits of $0.8 million and $2.4 million associated with the non-service cost components of net periodic pension (benefit) cost for the three months ended September 30, 2025 and 2024, respectively.

The following table reconciles other non-operating income to adjusted other non-operating income, which is a non-GAAP financial measure, for the periods presented: 

Three Months EndedSeptember 30, 2025September 30, 2024Adjusted Other Expense (Income), net:(In millions)Other expense (income), net$—$(24.9)Gain on divestiture(1)—