Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 99

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 99
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 as the Company’s Chief Operating Decision Maker (“CODM”). The CODM evaluates the performance of the Company’s reportable segments based on adjusted earnings before interest, taxes, depreciation and amortization (“adjusted EBITDA”), which is the Company’s measure of segment profit or loss.The Company incurs corporate costs primarily related to treasury, tax, information technology, legal and other centralized functions. The Company also has various corporate assets. Segment assets may not include jointly used assets, but segment results include depreciation expense or other allocations related to those assets. Interest expense and other non-operating items are either not allocated to the segments or reviewed on a segment basis. Corporate expenses and assets not directly identifiable with a reportable segment are reported in the tables below to reconcile the reportable segments to the consolidated financial statements.As previously described in Note 2, “Accounting Policies,” the reportable segment information for the three and six months ended June 30, 2024 for the EES and CSS reportable segments has been recast to conform to the current year presentation.The following tables present information about the Company’s reportable segments and reconcile adjusted EBITDA by segment to income before income taxes on a consolidated basis for the periods presented:

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)(unaudited)

Three Months Ended June 30, 2025(In millions)EESCSSUBSReportable Segments TotalNet sales$2,257.8$2,265.2$1,376.6$5,899.6Less:Cost of goods sold (excluding depreciation and amortization)1,739.31,791.21,126.44,656.9Selling, general and administrative payroll expenses(1)(3)219.0168.658.9446.5Other segment items(2)116.6106.547.6270.7Adjusted EBITDA$182.9$198.9$143.7$525.5Adjusted EBITDA margin %8.1 %8.8 %10.4 %Reconciliation of adjusted EBITDADepreciation and amortization39.1Other expense, net20.8Stock-based compensation expense(3)2.9Unallocated amounts (Corporate):Selling, general and administrative expenses152.1Interest expense, net(4)92.9Depreciation