Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 35

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 35
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$(5.2)$(332.0)$5,031.9 Exercise of stock-based awards— 429,611 0.3 (0.9)(5,402)(0.6)Stock-based compensation expense10.1 10.1 Repurchases of common stock, including excise taxes(50.5)(343,147)(50.5)Tax withholding related to vesting of restricted stock units and retirement of common stock— (156,850)(14.6)(9.6)(24.2)Noncontrolling interests0.3 0.3 Net income attributable to WESCO International, Inc. 115.8 115.8 Common stock dividends(20.9)(20.9)Preferred stock dividends(14.4)(14.4)Translation adjustments and other(69.7)(69.7)Balance, March 31, 2024$0.7 69,551,438 $— 4,339,431 $— 21,612 $2,032.9 $4,462.6 $(1,111.8)(23,069,535)$(4.9)$(401.7)$4,977.8 

The accompanying notes are an integral part of the condensed consolidated financial statements.

6

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

1. ORGANIZATION

WESCO International, Inc. (“Wesco International”) and its subsidiaries (collectively, “Wesco” or the “Company”), headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions.The Company has operating segments comprising three strategic business units consisting of Electrical & Electronic Solutions (“EES”), Communications & Security Solutions (“CSS”) and Utility & Broadband Solutions (“UBS”).

2. ACCOUNTING POLICIES

Basis of PresentationThe accompanying unaudited Condensed Consolidated Financial Statements of Wesco have been prepared in accordance with Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). The unaudited condensed consolidated financial information should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in WESCO International, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2024, as filed