Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 154

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 154
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(2)0.50.9Loss on abandonment of assets(3)—17.8Adjusted income from operations$330.3$348.3Adjusted Other (Income) Expense, net:Other income, net$(7.3)$(95.9)Gain on divestiture—102.9Loss on termination of business arrangement(4)—(3.8)Adjusted other (income) expense, net$(7.3)$3.2Adjusted Provision for Income Taxes:Provision for income taxes$61.8$87.8Income tax effect of adjustments to income from operations and other (income) expense, net(5)2.2(20.1)Adjusted provision for income taxes$64.0$67.7Adjusted Net Income Attributable to Common Stockholders:Net income attributable to common stockholders$189.2$217.7Digital transformation costs(1)7.66.1Restructuring costs(2)0.50.9Loss on abandonment of assets(3)—17.8Gain on divestiture—(102.9)Loss on termination of business arrangement(4)—3.8Income tax effect of adjustments to income from operations and other (income) expense, net(5)(2.2)20.1Gain on redemption of Series A Preferred Stock(27.6)—Adjusted net income attributable to common stockholders$167.5$163.5

(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)    Loss on abandonment of assets represents the write-off of certain capitalized cloud computing arrangement implementation costs relating to a third-party developed operations management software product in favor of an application with functionality that better suits the Company’s operations.

(4)    Loss on termination of business arrangement represents the loss recognized as a result of management's decision to terminate a business arrangement with a third party.

(5)    The adjustments to income from operations and other (income) expense, net have been tax effected at rates of 26.3% and 27.1% for the three months ended June 30, 2025 and 2024, respectively. 

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Three Months EndedAdjusted Earnings per Diluted Share:June 30, 2025June 30, 2024(In