Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 44

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 44
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 a material impact on the year-over-year decline in UBS organic sales.

UBS adjusted EBITDA decreased $29.8 million, or 17.2% year-over-year. The decrease primarily reflects a decline in volume, as described above. SG&A expenses increased $5.5 million as compared to the prior year, primarily due to higher costs to operate our facilities of $5.0 million.

The following tables reconcile net income attributable to common stockholders to adjusted EBITDA and adjusted EBITDA margin % by segment, which are non-GAAP financial measures, for the periods presented: 

Three Months Ended June 30, 2025(In millions)EESCSSUBSCorporateTotalNet income attributable to common stockholders$162.1$162.1$137.8$(272.8)$189.2Net income (loss) attributable to noncontrolling interests0.10.6—(0.4)0.3Gain on redemption of Series A Preferred Stock———(27.6)(27.6)Preferred stock dividends———12.912.9Provision for income taxes(1)———61.861.8Interest expense, net(1)———92.992.9Depreciation and amortization12.419.17.69.248.3Other expense (income), net7.315.7(2.2)(28.1)(7.3)Stock-based compensation expense1.01.40.55.58.4Digital transformation costs(2)———7.67.6Cloud computing arrangement amortization(3)———7.27.2Restructuring costs(4)———0.50.5Adjusted EBITDA$182.9$198.9$143.7$(131.3)$394.2Adjusted EBITDA margin %8.1%8.8%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)  Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Three Months Ended