Company: WCC
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000929008-25-000005
Chunk: 80

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 80
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. Adjusted EBITDA margin % is calculated by dividing Adjusted EBITDA by net sales.

34

The following tables reconcile selling, general and administrative expenses, income from operations, other non-operating (income) expense, provision for income taxes and earnings per diluted share to adjusted selling, general and administrative expenses, adjusted income from operations, adjusted other non-operating (income) expense, adjusted provision for income taxes and adjusted earnings per diluted share, which are non-GAAP financial measures, for the periods presented:

Year Ended December 31,20242023Adjusted SG&A Expenses:(In millions)Selling, general and administrative expenses$3,306.2 $3,256.0 Digital transformation costs(1)(24.9)(36.1)Loss on abandonment of assets(2)(17.8)— Restructuring costs(3)(12.1)(16.7)Excise taxes on excess pension plan assets(4)(4.9)— Merger-related and integration costs(5)— (19.3)Adjusted selling, general and administrative expenses$3,246.5 $3,183.9 Adjusted Income from Operations:Income from operations$1,223.2 $1,406.4 Digital transformation costs(1)24.9 36.1 Loss on abandonment of assets(2)17.8 — Restructuring costs(3)12.1 16.7 Excise taxes on excess pension plan assets(4)4.9 — Merger-related and integration costs(5)— 19.3 Accelerated trademark amortization(6)— 1.6 Adjusted income from operations$1,282.9 $1,480.1 Adjusted Other (Income) Expense, net:Other (income) expense, net$(92.7)$25.1 Gain on divestiture122.2 — Loss on termination of business arrangement(7)(3.6)— Pension settlement cost(8)(2.5)(2.8)Adjusted other (income) expense, net$23.4 $22.3 Adjusted Provision for Income Taxes:Provision for income taxes$231.6 $225.9 Income tax effect of adjustments to income from operations and other (income) expense, net(9)(14.8)21.0 Adjusted provision for income taxes$216.8 $246.9