Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 115

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 115
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 to support our digital transformation initiatives.

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.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

The following tables reconcile selling, general and administrative expenses, income from operations, other non-operating (income) expense, provision for income taxes and earnings per diluted share to adjusted selling, general and administrative expenses, adjusted income from operations, adjusted other non-operating (income) expense, adjusted provision for income taxes and adjusted earnings per diluted share, which are non-GAAP financial measures, for the periods presented:

Three Months EndedMarch 31, 2025March 31, 2024Adjusted SG&A Expenses:(In millions)Selling, general and administrative expenses$836.3$829.4Digital transformation costs(1)(6.2)(6.1)Restructuring costs(2)(1.1)(8.0)Excise taxes on excess pension plan assets(3)—(4.8)Adjusted selling, general and administrative expenses$829.0$810.5Adjusted Income from Operations:Income from operations$240.9$263.0Digital transformation costs(1)6.26.1Restructuring costs(2)1.18.0Excise taxes on excess pension plan assets(3)—4.8Adjusted income from operations$248.2$281.9Adjusted Other (Income) Expense, net:Other expense, net$0.2$21.6Loss on termination of business arrangement(4)(0.3)—Pension settlement cost(5)—(5.5)Adjusted other (income) expense, net$(0.1)$16.1Adjusted Provision for Income Taxes:Provision for income taxes$36.1$30.9Income tax effect of adjustments to income from operations and other (income) expense, net(6)2.06.6Adjusted provision for income taxes$38.1$37.5

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

(2)    Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

(3)    Excise taxes on excess pension plan assets represent the excise taxes applicable to the excess pension