Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 103

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 103
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4Reportable segments total8.26.6Corporate12.213.8Total$20.4$20.4The following table sets forth total assets by reportable segment for the periods presented:As of(In millions)March 31,2025December 31,2024EES$4,600.7 $4,431.8 CSS6,171.8 6,034.7 UBS3,649.2 3,497.5 Reportable segments total14,421.7 13,964.0 Corporate(1)1,093.4 1,097.4 Total$15,515.1 $15,061.4 (1)    Total assets for Corporate primarily consist of cash and cash equivalents, deferred income taxes, property, buildings and equipment, capitalized cloud computing arrangement costs, operating lease assets, and pension assets.

15. SUBSEQUENT EVENTSOn April 30, 2025, the Company provided notice of its intent to redeem all 21,612 outstanding shares of its Series A Preferred Stock, and the related depositary shares, each representing 1/1,000th of one share of Series A Preferred Stock. The shares will be redeemed in June 2025 at a redemption price of $25,000 per share, plus accrued and unpaid dividends of approximately $12.9 million. As described in Note 9, “Debt,” the Company plans to fund this redemption in part by using the net proceeds from the issuance of the 2033 Notes. The Company expects to recognize $30 million from the redemption as income attributable to common stockholders.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion should be read in conjunction with the unaudited condensed consolidated financial statements and notes thereto included in Item 1 of this Quarterly Report on Form 10-Q and WESCO International, Inc.’s audited Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in Item 1A of WESCO International, Inc