Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 159

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 2
Chunk 159
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 include severance costs incurred pursuant to an ongoing restructuring plan.

(3)    Loss on abandonment of assets represents the write-off of certain capitalized cloud computing arrangement implementation costs relating to a third-party developed operations management software product in favor of an application with functionality that better suits the Company’s operations.

(4)    Excise taxes on excess pension plan assets represent the excise taxes applicable to the excess pension plan assets following the final settlement of the Company's U.S. pension plan.

(5)    Loss on termination of business arrangement represents the loss recognized as a result of management's decision to terminate a business arrangement with a third party.

(6)    Pension settlement cost represents expense related to the settlement of the Company's U.S. pension plan. 

(7)    The adjustments to income from operations and other (income) expense, net have been tax effected at a rate of approximately 26.4% and 26.5% for the nine months ended September 30, 2025 and 2024, respectively. 

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Nine Months EndedAdjusted Earnings per Diluted Share:September 30, 2025September 30, 2024(In millions, except per share data)Adjusted income from operations$932.6 $971.7 Interest expense, net278.2 279.8 Adjusted other (income) expense, net(7.3)15.8 Adjusted income before income taxes661.7 676.1 Adjusted provision for income taxes162.2 170.7 Adjusted net income499.5 505.4 Net income attributable to noncontrolling interests1.3 1.3 Adjusted net income attributable to WESCO International, Inc.498.2 504.1 Preferred stock dividends27.3 43.1 Adjusted net income attributable to common stockholders$470.9 $461.0 Diluted shares49.5 50.8 Adjusted earnings per diluted share$9.51 $9.07 

Note: For the nine months ended September 30, 2025, SG&A expenses, income from operations, other non-operating (income) expense, the provision for income taxes, net income attributable to common stockholders, and earnings per diluted share have been adjusted to exclude digital transformation costs, restructuring costs, the loss on termination of business arrangement, and the