Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 118

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 118
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 2024. Additionally, there was a year-over-year decrease in restructuring costs of $9.5 million.

Segment Results

The following is a discussion of the financial results of our operating segments comprising three strategic business units consisting of EES, CSS and UBS for the nine months ended September 30, 2025. As further described below and in Note 14, “Business Segments” of our Notes to the unaudited Condensed Consolidated Financial Statements, the CODM allocates resources and evaluates the performance of the Company’s reportable segments based on adjusted EBITDA, which is the Company’s measure of segment profit or loss. Adjusted EBITDA and adjusted EBITDA margin percentage are non-GAAP financial measures. As previously described in Note 2, “Accounting Policies,” the reportable segment information for the nine months ended September 30, 2024 for the EES and CSS reportable segments has been recast to conform to the current year presentation.

Electrical & Electronic Solutions

Nine Months EndedGrowth/(Decline)September 30, 2025September 30, 2024Reported SalesAcquisitionForeign ExchangeWorkdayOrganic Sales(In millions)Net sales$6,682.7$6,309.25.9 %— %(0.7)%(0.5)%7.1 %Adjusted EBITDA$523.8$533.3Adjusted EBITDA Margin %7.8%8.5%

EES reported net sales of $6.7 billion for the first nine months of 2025 compared to $6.3 billion for the first nine months of 2024, an increase of $373.5 million, or 5.9%. EES organic sales for the first nine months of 2025 grew by 7.1%, driven primarily by volume growth of approximately 4%, primarily as a result of growth in the OEM and construction businesses, and by the impact of changes in price, which favorably impacted organic sales by approximately 3%.

EES adjusted EBITDA decreased $9.5 million, or 1.8% year-over-year. The decrease primarily reflects an unfavorable change in product mix, partially offset by an increase in volume and price, as described above. Additionally, SG&A expenses increased $43.0 million as compared to the prior year, which was primarily attributed to increased salaries of $15.0 million, increased transportation costs of $8.3 million,