Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 92

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 92
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 common stock for the three months ended March 31, 2024:Date DeclaredRecord DatePayment DateAmount Per ShareDividend PaymentFebruary 29, 2024March 15, 2024March 29, 2024$0.413 $20.9 millionDuring the three months ended March 31, 2025 and 2024, the Company's Board of Directors also declared and the Company paid quarterly cash dividends of $0.664 per depositary share relating to its Series A Preferred Stock totaling $14.4 million each quarter.

8. EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the periods. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average common shares and common share equivalents outstanding during the periods. The dilutive effect of common share equivalents is considered in the diluted earnings per share computation using the treasury stock method, which includes consideration of equity awards.The following table sets forth the computation of basic and diluted earnings per share for the periods presented:Three Months Ended March 31(In millions, except per share data)20252024Net income attributable to WESCO International, Inc.$118.4 $115.8 Less: Preferred stock dividends14.4 14.4 Net income attributable to common stockholders$104.0 $101.4 Weighted-average common shares outstanding used in computing basic earnings per share48.8 50.9 Common shares issuable upon exercise of dilutive equity awards0.8 1.0 Weighted-average common shares outstanding and common share equivalents used in computing diluted earnings per share49.6 51.9 Earnings per share attributable to common stockholdersBasic$2.13 $1.99 Diluted$2.10 $1.95 The computation of diluted earnings per share attributable to common stockholders excludes stock-based awards that would have had an antidilutive effect on earnings per share. For the three months ended March 31, 2025 and 2024, there were approximately 0.5 million and 0.2 million antidilutive shares, respectively.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)(unaudited)

9. DEBT