Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 47

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 47
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 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. DEBTThe following table sets forth Wesco's outstanding indebtedness:As ofMarch 31,2025December 31,2024(In millions)International lines of credit$0.4 $0.6 Accounts Receivable Securitization Facility1,275.0 1,450.0 Revolving Credit Facility— 525.0 6.000% Anixter Senior Notes due 20254.2 4.2 7.250% Senior Notes due 2028, less debt discount of $4.0 and $4.4 in 2025 and 2024, respectively1,321.0 1,320.6 6.375% Senior Notes due 2029900.0 900.0 6.625% Senior Notes due 2032850.0 850.0 6.375% Senior Notes due 2033800.0 — Finance lease obligations60.9 57.3 Total debt5,211.5 5,107.7 Plus: Fair value adjustments to the Anixter Senior Notes— 0.1