Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 96

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 96
---
)(unaudited)

The following tables present information about the Company’s reportable segments and reconcile adjusted EBITDA by segment to income before income taxes on a consolidated basis for the periods presented:Three Months Ended September 30, 2025(In millions)EESCSSUBSReportable Segments TotalNet sales$2,359.6$2,410.9$1,428.6$6,199.1Less:Cost of goods sold (excluding depreciation and amortization)1,808.91,898.61,174.24,881.7Selling, general and administrative payroll expenses(1)(3)229.0176.560.9466.4Other segment items(2)123.4115.344.7283.4Adjusted EBITDA$198.3$220.5$148.8$567.6Adjusted EBITDA margin %8.4 %9.1 %10.4 %Reconciliation of adjusted EBITDADepreciation and amortization39.8Other expense, net7.9Stock-based compensation expense(3)2.8Unallocated amounts (Corporate):Selling, general and administrative expenses170.3Interest expense, net(4)99.0Depreciation and amortization9.3Other income, net(7.9)Income before income taxes$246.4(1) Selling, general and administrative payroll expenses includes salaries, benefits, commissions, incentives, temporary labor, and other payroll expenses.(2) Other segment items primarily includes allocated expenses (which includes employee-related allocations), transportation costs, facility costs (including rent and utilities), employee expenses (including travel and entertainment), credit losses, professional and consulting fees, supplies, real estate and personal property taxes, sales promotion expenses, and gains (losses) on the sale, disposal, or abandonment of property and equipment.(3) Stock-based compensation expense is excluded from selling, general and administrative payroll expenses, as this is an adjustment to calculate adjusted EBITDA.(4) The reportable segments do not incur interest expense as these costs are centrally controlled through the Corporate treasury function.

21

Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)(unaudited)

Three Months Ended September 30, 2024(In millions)EESCSSUBSReportable Segments TotalNet sales$2,110