Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 58

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 58
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 Net Income Attributable to Common Stockholders:Net income attributable to common stockholders$293.2$319.2Digital transformation costs(1)13.812.1Restructuring costs(2)1.69.0Loss on abandonment of assets(3)—17.8Excise taxes on excess pension plan assets(4)—4.8Loss on termination of business arrangement(5)0.33.8Gain on divestiture—(102.9)Pension settlement cost(6)—5.5Income tax effect of adjustments to income from operations and other (income) expense, net(7)(4.1)13.6Gain on redemption of Series A Preferred Stock(27.6)—Adjusted net income attributable to common stockholders$277.2$282.9

(1)   Digital transformation costs include costs associated with certain digital transformation initiatives.

(2)    Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

(3)    Loss on abandonment of assets represents the write-off of certain capitalized cloud computing arrangement implementation costs relating to a third-party developed operations management software product in favor of an application with functionality that better suits the Company’s operations.

(4)    Excise taxes on excess pension plan assets represent the excise taxes applicable to the excess pension plan assets following the final settlement of the Company's U.S. pension plan.

(5)    Loss on termination of business arrangement represents the loss recognized as a result of management's decision to terminate a business arrangement with a third party.

(6)    Pension settlement cost represents expense related to the settlement of the Company's U.S. pension plan. 

(7)    The adjustments to income from operations and other (income) expense, net have been tax effected at a rate of approximately 26.3% and 27.1% for the six months ended June 30, 2025 and 2024, respectively. 

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Six Months EndedAdjusted Earnings per Diluted Share:June 30, 2025June 30, 2024(In millions, except per share data)Adjusted income from operations$578.5 $630.2 Interest expense, net179.2 193.2 Adjusted other (income) expense, net(7.4)19.3 Adjusted income before income taxes406.7 417.7