Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 21

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 21
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 28, 2024$0.413 $20.3 millionDuring the three and six months ended June 30, 2025, the Company's Board of Directors also declared and the Company paid quarterly cash dividends totaling $12.9 million and $27.3 million, respectively, relating to its Series A Preferred Stock. For the three months ended June 30, 2025, the dividend rate per depositary share was prorated to $0.598, compared to the prior period dividend rates of $0.664, as a result of the redemption of the Series A Preferred Stock in June 2025. During the three and six months ended June 30, 2024, the Company's Board of Directors declared and the Company paid quarterly cash dividends of $0.664 per depositary share relating to its Series A Preferred Stock totaling $14.4 million and $28.7 million, respectively.

8. EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the periods. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the weighted-average common shares and common share equivalents outstanding during the periods. The dilutive effect of common share equivalents is considered in the diluted earnings per share computation using the treasury stock method, which includes consideration of equity awards.The following table sets forth the computation of basic and diluted earnings per share for the periods presented:Three Months EndedSix Months Ended June 30June 30(In millions, except per share data)2025202420252024Net income attributable to WESCO International, Inc.$174.5 $232.1 $292.9 $347.9 Plus: Gain on redemption of Series A Preferred Stock27.6 — 27.6 — Less: Preferred stock dividends12.9 14.4 27.3 28.7 Net income attributable to common stockholders$189.2 $217.7 $293.2 $319.2 Weighted-average common shares outstanding used in computing basic earnings per share48.8 50.2 48.8 50.5 Common shares issuable upon exercise of dilutive equity awards0.6 0.7 0.7 0.8 Weighted-average common shares outstanding and common share equivalents used in computing diluted earnings per share49.4 50.9