Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 56

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 56
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 redemption of Series A Preferred Stock———(27.6)(27.6)Preferred stock dividends———27.327.3Provision for income taxes(1)———155.7155.7Interest expense, net(1)———278.2278.2Depreciation and amortization37.357.423.227.9145.8Other expense (income), net12.733.7(2.6)(50.8)(7.0)Stock-based compensation expense3.14.01.320.929.3Digital transformation costs(2)———24.124.1Cloud computing arrangement amortization(3)———20.120.1Adjusted EBITDA$523.8$578.0$430.7$(404.7)$1,127.8Adjusted EBITDA margin %7.8%8.7%10.5%(1)  The reportable segments do not incur income taxes and interest expense as these costs are centrally controlled through the Corporate tax and treasury functions.(2)  Digital transformation costs include costs associated with certain digital transformation initiatives.(3) Cloud computing arrangement amortization consists of expense recognized in selling, general and administrative expenses for capitalized implementation costs for cloud computing arrangements to support our digital transformation initiatives.

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Table of Contents   WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

Nine Months Ended September 30, 2024(In millions)EES(1)CSS(1)UBSCorporateTotalNet income attributable to common stockholders$483.1$365.9$597.8$(937.7)$509.1Net (loss) income attributable to noncontrolling interests(1.3)1.9—0.71.3Preferred stock dividends———43.143.1Provision for income taxes(2)———188.1188.1Interest expense, net(2)———279.8279.8Depreciation and amortization34.554.221.327.6137.6Other expense (income), net13.740.0(122.1)(30.9)(99.3)Stock-based compensation expense3.34.92.49.019.6Loss on abandonment of assets(3)———17.817.8Digital transformation costs(4)———17.517.5Cloud computing arrangement amortization(5)———9.79.7Restructuring costs(6)———