Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 55

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 55
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 consistent with higher sales, increased salaries of $19.8 million, increased commissions and incentives of $11.1 million, and increased benefits expense of $8.9 million.

Utility & Broadband Solutions

Nine Months EndedGrowth/(Decline)September 30, 2025September 30, 2024Reported SalesDivestitureForeign ExchangeWorkdayOrganic Sales(In millions)Net sales$4,083.3$4,404.9(7.3)%(4.4)%(0.2)%(0.5)%(2.2)%Adjusted EBITDA$430.7$499.4Adjusted EBITDA Margin %10.5%11.3%

UBS reported net sales of $4.1 billion for the first nine months of 2025 compared to $4.4 billion for the first nine months of 2024, a decrease of $321.6 million, or 7.3%, which is inclusive of an unfavorable impact from the divestiture of the WIS business of 4.4%. UBS organic sales for the first nine months of 2025 declined by 2.2%, reflecting volume declines, primarily as a result of ongoing customer destocking and cautious spending related to tariff and market uncertainties. Changes in price did not have a material impact on the year-over-year decline in UBS organic sales.

UBS adjusted EBITDA decreased $68.7 million, or 13.8% year-over-year. The decrease primarily reflects a decline in volume, as described above. The decrease in adjusted EBITDA was partially offset by a decrease in SG&A expenses of $12.2 million as compared to the prior year, which was primarily attributed to lower commissions and incentives of $7.1 million as well as individually immaterial increases in various other operating expenses.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

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:

Nine Months Ended September 30, 2025(In millions)EESCSSUBSCorporateTotalNet income attributable to common stockholders$470.4$481.0$408.8$(879.6)$480.6Net income (loss) attributable to noncontrolling interests0.31.9—(0.9)1.3Gain on