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

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 31
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842.6251.0Adjusted EBITDA$190.2$155.5$173.5$519.2Adjusted EBITDA margin %8.9 %8.2 %12.0 %Reconciliation of adjusted EBITDADepreciation and amortization37.0Other income, net(84.2)Stock-based compensation expense(3)3.5Unallocated amounts (Corporate):Selling, general and administrative expenses146.1Interest expense, net(4)98.8Depreciation and amortization9.1Other income, net(11.7)Income before income taxes$320.6(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.

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

Six Months Ended June 30, 2025(In millions)EESCSSUBSReportable Segments TotalNet sales$4,323.1$4,265.5$2,654.7$11,243.3Less:Cost of goods sold (excluding depreciation and amortization)3,333.43,372.02,169.68,875.0Selling, general and administrative payroll expenses(1)(3)431.1329.1115.1875.3Other segment items(2)233.1207.088.0528.1Adjusted EBITDA$325.5$357.4$282.0$964.9Adjusted EBITDA margin %7.5 %8.4 %10.6 %Reconciliation of adjusted EBITDADepreciation and amortization78.1Other