Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 47

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 47
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 expense, net(5)(2.2)20.1Gain on redemption of Series A Preferred Stock(27.6)—Adjusted net income attributable to common stockholders$167.5$163.5

(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.

(3)    Loss on abandonment of assets represents the write-off of certain capitalized cloud computing arrangement implementation costs relating to a third-party developed operations management software product in favor of an application with functionality that better suits the Company’s operations.

(4)    Loss on termination of business arrangement represents the loss recognized as a result of management's decision to terminate a business arrangement with a third party.

(5)    The adjustments to income from operations and other (income) expense, net have been tax effected at rates of 26.3% and 27.1% for the three months ended June 30, 2025 and 2024, respectively. 

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Three Months EndedAdjusted Earnings per Diluted Share:June 30, 2025June 30, 2024(In millions, except per share data)Adjusted income from operations$330.3 $348.3 Interest expense, net92.9 98.8 Adjusted other (income) expense, net(7.3)3.2 Adjusted income before income taxes244.7 246.3 Adjusted provision for income taxes64.0 67.7 Adjusted net income180.7 178.6 Net income attributable to noncontrolling interests0.3 0.7 Adjusted net income attributable to WESCO International, Inc.180.4 177.9 Preferred stock dividends12.9 14.4 Adjusted net income attributable to common stockholders$167.5 $163.5 Diluted shares49.4 50.9 Adjusted earnings per diluted share$3.39 $3.21 

Note: For the three months ended June 30, 2025, SG&A expenses, income from operations, the provision for income taxes, net income attributable to common stockholders, and earnings per diluted share have been adjusted to exclude digital transformation costs, restructuring costs, and the related income tax effects, and the gain on redemption of the Company's Series