Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 110

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 110
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holders to adjusted EBITDA and adjusted EBITDA margin % by segment, which are non-GAAP financial measures, for the periods presented: 

Three Months Ended September 30, 2025(In millions)EESCSSUBSCorporateTotalNet income attributable to common stockholders$183.2$191.7$140.7$(328.1)$187.5Net income (loss) attributable to noncontrolling interests0.31.2—(0.4)1.1Provision for income taxes(1)———57.857.8Interest expense, net(1)———99.099.0Depreciation and amortization12.719.37.89.349.1Other expense (income), net1.17.0(0.2)(7.9)—Stock-based compensation expense1.01.30.57.910.7Digital transformation costs(2)———10.410.4Cloud computing arrangement amortization(3)———9.09.0Restructuring costs(4)———(1.6)(1.6)Adjusted EBITDA$198.3$220.5$148.8$(144.6)$423.0Adjusted EBITDA margin %8.4%9.1%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)  Reduction to restructuring costs represents the reversal of certain severance costs previously incurred pursuant to an ongoing restructuring plan.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Three Months Ended September 30, 2024(In millions)EES(1)CSS(1)UBSCorporateTotalNet income attributable to common stockholders$163.7$155.1$168.5$(297.4)$189.9Net (loss) income attributable to noncontrolling interests(1.0)0.9—0.50.4Preferred stock dividends———14.414.4Provision for income taxes(2)———69.369.3Interest expense, net(2)———86.586.5Deprec