Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 32

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 32
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 Three Months EndedMarch 3120252024Net sales$5,343.7 $5,350.0 Cost of goods sold (excluding depreciation and amortization)4,218.1 4,212.1 Selling, general and administrative expenses836.3 829.4 Depreciation and amortization48.4 45.5 Income from operations240.9 263.0 Interest expense, net86.3 94.4 Other expense, net0.2 21.6 Income before income taxes154.4 147.0 Provision for income taxes36.1 30.9 Net income118.3 116.1 Less: Net (loss) income attributable to noncontrolling interests(0.1)0.3 Net 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 Earnings per share attributable to common stockholdersBasic$2.13 $1.99 Diluted$2.10 $1.95 Other comprehensive income (loss):Foreign currency translation adjustments and other16.1 (71.6)Post-retirement benefit plan adjustments, net of tax(0.3)1.9 Other comprehensive income (loss)15.8 (69.7)Comprehensive income134.1 46.4 Less: Comprehensive (loss) income attributable to noncontrolling interests(0.1)0.3 Less: Preferred stock dividends14.4 14.4 Comprehensive income attributable to common stockholders$119.8 $31.7 

The accompanying notes are an integral part of the condensed consolidated financial statements.

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Table of ContentsWESCO INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(unaudited)

 Three Months Ended March 3120252024Operating activities:  Net income$118.3 $116.1 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization48.4 45.5 Stock-based compensation expense10.2 10.1 Amortization of debt issuance costs and debt discount3.3 4.1 Pension