Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 106

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 106
---
. The increase of $12.5 million, or 14.5%, was primarily driven by the issuance of the 2033 Notes, partially offset by lower borrowings and lower interest rates on the Receivables Facility and the Revolving Credit Facility throughout the third quarter of 2025 compared to the third quarter of 2024.

Other Income, net

There was no other income, net for the third quarter of 2025 due to various immaterial offsetting income and losses as compared to $24.9 million for the third quarter of 2024. The third quarter of 2024 included a $19.3 million gain on the sale of our WIS business. We recognized $1.8 million of income in the third quarter of 2025 from an adjustment to the fair value of the contingent consideration liability related to a recent acquisition. We recognized a net foreign currency exchange loss of $2.1 million for the third quarter of 2025 compared to a net foreign currency exchange gain of $2.5 million for the third quarter of 2024. We recognized net benefits of $0.8 million and $2.4 million associated with the non-service cost components of net periodic pension (benefit) cost for the three months ended September 30, 2025 and 2024, respectively.

The following table reconciles other non-operating income to adjusted other non-operating income, which is a non-GAAP financial measure, for the periods presented: 

Three Months EndedSeptember 30, 2025September 30, 2024Adjusted Other Expense (Income), net:(In millions)Other expense (income), net$—$(24.9)Gain on divestiture(1)—19.3Reduction to pension settlement cost(2)—2.2Adjusted other expense (income), net$—$(3.4)

(1)    Gain on divestiture represents the gain recognized as a result of the divestiture of the Wesco Integrated Supply (“WIS”) business on April 1, 2024.

(2)    Reduction to pension settlement cost represents income as a result of the finalization of the liabilities transferred as part of the settlement of the Company's U.S. pension plan. 

Income Taxes

The provision for income taxes was $57.8 million for the third quarter of 2025 compared to $69.3 million for the corresponding quarter of the prior year, resulting in effective tax rates of 23.5