WESCO INTERNATIONAL INC
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
WCC$316.70+0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income and Comprehensive Income (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(In millions, except per share data)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30 | June 30 | |||
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $5,479.7 | $5,745.5 | $10,829.7 | $11,267.4 |
| Cost of goods sold (excluding depreciation and amortization) | 4,281.7 | 4,503.1 | 8,493.8 | 8,816.5 |
| Selling, general and administrative expenses | 828.4 | 831.7 | 1,657.8 | 1,649.4 |
| Depreciation and amortization | 46.1 | 46.9 | 91.6 | 91.3 |
| Income from operations | 323.5 | 363.8 | 586.5 | 710.2 |
| Interest expense, net | 98.8 | 98.8 | 193.2 | 193.8 |
| Other (income) expense, net | (95.9) | 0.8 | (74.3) | 10.9 |
| Income before income taxes | 320.6 | 264.2 | 467.6 | 505.5 |
| Provision for income taxes | 87.8 | 71.8 | 118.7 | 115.9 |
| Net income | 232.8 | 192.4 | 348.9 | 389.6 |
| Less: Net income (loss) attributable to noncontrolling interests | 0.7 | (0.7) | 1.0 | (0.6) |
| Net income attributable to WESCO International, Inc. | 232.1 | 193.1 | 347.9 | 390.2 |
| Less: Preferred stock dividends | 14.4 | 14.4 | 28.7 | 28.7 |
| Net income attributable to common stockholders | $217.7 | $178.7 | $319.2 | $361.5 |
| Earnings per share attributable to common stockholders | ||||
| Basic | $4.34 | $3.48 | $6.32 | $7.07 |
| Diluted | $4.28 | $3.41 | $6.22 | $6.90 |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments and other | (21.8) | 41.2 | (93.4) | 58.2 |
| Post-retirement benefit plan adjustments, net of tax | (0.1) | — | 1.8 | — |
| Other comprehensive (loss) income | (21.9) | 41.2 | (91.6) | 58.2 |
| Comprehensive income | 210.9 | 233.6 | 257.3 | 447.8 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests | 0.7 | (0.7) | 1.0 | (0.6) |
| Less: Preferred stock dividends | 14.4 | 14.4 | 28.7 | 28.7 |
| Comprehensive income attributable to common stockholders | $195.8 | $219.9 | $227.6 | $419.7 |
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