Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 114

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 114
---
, fluctuations in foreign exchange rates and number of workdays from the reported percentage change in consolidated net sales. Workday impact represents the change in the number of operating days period-over-period after adjusting for weekends and public holidays in the United States; the first nine months of 2025 had one less workday compared to the first nine months of 2024.

Net sales were $17.4 billion for the first nine months of 2025 compared to $16.3 billion for the first nine months of 2024, an increase of 6.9%. Organic sales for the first nine months of 2025 grew by 8.3%. This growth reflects an approximate 6% increase in volume driven by the CSS and EES segments, and an approximate 2% benefit from price. 

Cost of Goods Sold

Cost of goods sold for the first nine months of 2025 was $13.8 billion compared to $12.8 billion for the first nine months of 2024, an increase of 7.7%. Cost of goods sold as a percentage of net sales was 78.9% and 78.3% for the first nine months of 2025 and 2024, respectively. The unfavorable increase of 60 basis points primarily reflects a decrease in gross margin in all three segments driven by large project sales and higher inventory adjustments, partially offset by higher supplier volume rebates.

Selling, General and Administrative Expenses

SG&A expenses for the first nine months of 2025 totaled $2,631.4 million versus $2,488.9 million for the first nine months of 2024, an increase of $142.5 million, or 5.7%. 

The following table reconciles SG&A expenses to adjusted SG&A expenses, which is a non-GAAP financial measure, for the periods presented: 

Nine Months EndedSeptember 30, 2025% of net salesSeptember 30, 2024% of net salesAdjusted SG&A Expenses:(In millions)Selling, general and administrative expenses$2,631.415.1%$2,488.915.3%Digital transformation costs(1)(24.1)(17.5)Restructuring costs(2)—(9.5)Loss on abandonment of assets(3)—(17.8)Excise taxes on excise pension plan assets(4)—(4.8)Adjusted selling, general and administrative expenses$2,607.314.9%$2