西科国际 2026年季度报告

(Mark One) Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☑As of April29, 2026, 48,704,892 shares of common stock, $0.01 par value, of the registrant were outstanding. WESCO INTERNATIONAL, INC. AND SUBSIDIARIESQUARTERLY REPORT ON FORM 10-QTable of Contents PART I—FINANCIAL INFORMATION Item 1. Financial Statements.2Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.21Item 3. Quantitative and Qualitative Disclosures About Market Risk.32Item 4. Controls and Procedures.32 PART II—OTHER INFORMATION Item 1. Legal Proceedings.Item 1A. Risk Factors.Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.Item 6. Exhibits.Signatures Table of Contents WESCO INTERNATIONAL, INC. AND SUBSIDIARIES PART I—FINANCIAL INFORMATION Item 1. Financial Statements. The interim financial information required by this item is set forth in the unaudited Condensed Consolidated Financial Statements andNotes thereto in this Quarterly Report on Form 10-Q, as follows: Condensed Consolidated Balance Sheets (unaudited)Condensed Consolidated Statements of Income and Comprehensive Income (unaudited)Condensed Consolidated Statements of Cash Flows (unaudited)Condensed Consolidated Statements ofEquity (unaudited)Notes to Condensed Consolidated Financial Statements (unaudited) Table of Contents WESCO INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. ORGANIZATION WESCO International, Inc. (“Wesco International”) and its subsidiaries (collectively, “Wesco” or the “Company”), headquartered inPittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions. The Company has operating segments comprising three strategic business units consisting of Electrical & Electronic Solutions(“EES”), Communications & Security Solutions (“CSS”) and Utility & Broadband Solutions (“UBS”). 2. ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Wesco have been prepared in accordance with Rule10-01 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). The unaudited condensed consolidated financialinformation should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in WESCOInternational, Inc.’s Annual Report on Form 10-K for the year ended December31, 2025, as filed with the SEC on February 13, 2026. The unaudited Condensed Consolidated Balance Sheet as of March31, 2026, the unaudited Condensed Consolidated Statements ofIncome and Comprehensive Income, the unaudited Condensed Consolidated Statements of Equity, and the unaudited CondensedConsolidated Statements of Cash Flows for the three months ended March31, 2026 and 2025, respectively, in the opinion ofmanagement, have been prepared on the same basis as the audited Consolidated Financial Statements and include all adjustments Reclassifications The unaudited Condensed Consolidated Statement of Cash Flows for the three months ended March31, 2025, includes certainreclassifications to previously reported amounts to conform to the current period's presentation. Such reclassifications had no impact on Recently Issued Accounting Standards In November 2024, the FASB issued ASU 2024-03,Income Statement - Reporting Comprehensive Income - Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which is intended to enhance expense disclosures,primarily by requiring disclosure of disaggregated information about certain income statement expense line items on an annual andinterim basis. The amendments in this ASU are effective for fiscal years beginning after December 15, 2026 and interim periods within In September 2025, the FASB issued ASU 2025-06,Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40):Targeted Improvements to the Accounting for Internal-Use Software,which is intended to modernize and simplify the guidance forcapitalizing costs related to internal-use software by removing the stage-based approach and