Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 104

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 104
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27

Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Results of Operations

Third Quarter of 2025 versus Third Quarter of 2024

Net Sales

The following table sets forth net sales and organic sales growth for the periods presented:

Three Months EndedGrowth/(Decline)September 30, 2025September 30, 2024Reported SalesAcquisitionForeign ExchangeWorkdayOrganic Sales(In millions)Net sales$6,199.1 $5,489.4 12.9 %0.7 %0.1 %— %12.1 %

Note: Organic sales growth is a non-GAAP financial measure of sales performance. Organic sales growth is calculated by deducting the percentage impact from acquisitions and divestitures for one year following the respective transaction, fluctuations in foreign exchange rates and number of workdays from the reported percentage change in consolidated net sales. Workday impact represents the change in the number of operating days period-over-period after adjusting for weekends and public holidays in the United States; there was no change in the number of workdays in the third quarter of 2025 compared to the third quarter of 2024.

Net sales were $6.2 billion for the third quarter of 2025 compared to $5.5 billion for the third quarter of 2024, an increase of 12.9%. Adjusting for the increase from the acquisition of Ascent, organic sales for the third quarter of 2025 grew by 12.1%. This growth reflects an approximate 9% increase in volume, driven by volume increases in all three segments (CSS, EES and UBS), and by the impact of changes in price, which favorably impacted consolidated organic sales by approximately 3%. 

Cost of Goods Sold

Cost of goods sold for the third quarter of 2025 was $4.9 billion compared to $4.3 billion for the third quarter of 2024, an increase of 14.1%. Cost of goods sold as a percentage of net sales was 78.7% and 77.9% for the third quarter of 2025 and 2024, respectively. The unfavorable increase of 80 basis points reflects a decrease in gross margin in all three segments driven by large project sales and higher inventory adjustments, partially offset by higher supplier volume rebates.

Selling, General and Administrative Expenses

Selling, general and administrative (“SG&A”) expenses for