Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 105

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 105
---
 the third quarter of 2025 totaled $922.9 million versus $831.1 million for the third quarter of 2024, an increase of $91.8 million, or 11.0%.

The following table reconciles SG&A expenses to adjusted SG&A expenses, which is a non-GAAP financial measure, for the periods presented: 

Three Months EndedSeptember 30, 2025% of net salesSeptember 30, 2024% of net salesAdjusted SG&A Expenses:(In millions)Selling, general and administrative expenses$922.914.9%$831.115.1%Digital transformation costs(1)(10.4)(5.4)Restructuring costs(2)1.6(0.5)Adjusted selling, general and administrative expenses$914.114.7%$825.215.0%

(1)    Digital transformation costs include costs associated with certain digital transformation initiatives.

(2)    Restructuring costs include severance costs incurred pursuant to an ongoing restructuring plan.

SG&A payroll and payroll-related expenses for the third quarter of 2025 of $570.4 million increased by $50.3 million compared to the same period in 2024 primarily as a result of an increase of $24.2 million in salaries and $14.1 million in commissions and incentives.

SG&A expenses not related to payroll and payroll-related costs for the third quarter of 2025 were $352.5 million, an increase of $41.4 million compared to the same period in 2024, which primarily reflects increased costs to operate our facilities of $11.5 million, increased transportation costs of $9.8 million and increased IT costs of $7.8 million.

28

Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Income from Operations

Income from operations was $345.4 million for the third quarter of 2025 compared to $335.6 million for the third quarter of 2024, an increase of $9.8 million, or 2.9%. The increase reflects higher sales partially offset by higher cost of goods sold as a percentage of net sales due to a decrease in gross margin in all three segments due to large projects and an increase in SG&A expenses as described above.

Interest Expense, net

Net interest expense totaled $99.0 million for the third quarter of 2025 compared to $86.5 million for the third quarter of 2024