Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 114

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 114
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controlling interests0.10.6—(0.4)0.3Gain on redemption of Series A Preferred Stock———(27.6)(27.6)Preferred stock dividends———12.912.9Provision for income taxes(1)———61.861.8Interest expense, net(1)———92.992.9Depreciation and amortization12.419.17.69.248.3Other expense (income), net7.315.7(2.2)(28.1)(7.3)Stock-based compensation expense1.01.40.55.58.4Digital transformation costs(2)———7.67.6Cloud computing arrangement amortization(3)———7.27.2Restructuring costs(4)———0.50.5Adjusted EBITDA$182.9$198.9$143.7$(131.3)$394.2Adjusted EBITDA margin %8.1%8.8%10.4%(1)  The reportable segments do not incur income taxes and interest expense as these costs are centrally controlled through the Corporate tax and treasury functions.(2)  Digital transformation costs include costs associated with certain digital transformation initiatives.(3) 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.(4)  Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Three Months Ended June 30, 2024(In millions)EES(1)CSS(1)UBSCorporateTotalNet income attributable to common stockholders$174.4$119.2$268.5$(344.4)$217.7Net income (loss) attributable to noncontrolling interests0.10.7—(0.1)0.7Preferred stock dividends———14.414.4Provision for income taxes(2)———87.887.8Interest expense, net(2)———98.898.8Depreciation and amortization11.318.37.49.146.1Other expense (income), net3.315.7(103.2)(11.7)(95.9)Stock-based compensation expense1.11.60.8(0.8)2.7Loss on abandonment of