Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 61

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 61
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 six months of 2025, future market disruptions could occur which could potentially affect our liquidity. We believe cash provided by operations and financing activities will be adequate to cover our operational and business needs for at least the next twelve months.

We communicate on a regular basis with our lenders regarding our financial and working capital performance, and liquidity position. We were in compliance with all financial covenants and restrictions contained in our debt agreements as of June 30, 2025.

We also measure our ability to meet our debt obligations based on our financial leverage ratio, which was 3.4x as of June 30, 2025 and 2.9x as of December 31, 2024.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

The following table sets forth our financial leverage ratio, which is a non-GAAP financial measure, for the periods presented:

Twelve Months EndedJune 30,2025December 31,2024(In millions, except ratios)Net income attributable to common stockholders$634.2 $660.2 Net income attributable to noncontrolling interests1.1 1.8 Gain on redemption of Series A Preferred Stock(27.6)— Preferred stock dividends56.0 57.4 Provision for income taxes210.7 231.6 Interest expense, net350.8 364.9 Depreciation and amortization188.4 183.2 EBITDA$1,413.6 $1,499.1 Other income, net(25.4)(92.7)Stock-based compensation expense34.7 28.9 Digital transformation costs(1)26.5 24.9 Restructuring costs(2)4.8 12.1 Cloud computing arrangement amortization(3)19.3 14.1 Loss on abandonment of assets(4)— 17.8 Excise taxes on excess pension plan assets(5)0.1 4.9 Adjusted EBITDA$1,473.6 $1,509.1 As ofJune 30,2025December 31,2024Short-term debt and current portion of long-term debt, net$27.3 $19.5 Long-term debt, net5,641.2 5,045.5 Debt issuance costs and debt discount(6)54.5 47.2