WESCO International, Inc.

Hello and welcome to Westco's 2025 third quarter earnings call. I would like to remind you that all lines are in a listen-only mode throughout the presentation. If you would like to ask a question, please press star followed by one on your telephone keypad. Please note that this event is being recorded. I will now hand the call over to Scott Gaffner, SVP, Investor Relations, to begin.

Thank you and good morning, everyone. Before we get started, I want to remind you that certain statements made on this call contain forward-looking information. Forward-looking statements are not guarantees of performance and by their nature are subject to uncertainties. Actual results may differ materially. Please see our webcast slides and the company's SEC filings for additional risk factors and disclosures. Any forward-looking information speaks only as of this date and the company undertakes no obligation to update the information to reflect changed circumstances. Additionally, today, we will use certain non-GAAP financial measures. Required information about these measures is available on our webcast slide and in our press release, both of which you can find at our website at wesco.com. On the call this morning, we have Johnny, WESCO's Chairman, President, and Chief Executive Officer, and Dave Schultz, Executive Vice President and Chief Financial Officer. Now I'll turn the call over to Johnny.

Thank you, Scott, and good morning, everyone. Thank you for joining our call today. We delivered very strong results in the third quarter, and we again outperformed the market with our leading portfolio of product services and solutions. Sales growth has accelerated throughout the year, with organic sales up 6% in the first quarter, 7% in the second quarter, and now 12% in the third quarter. And that marks four consecutive quarters of accelerating growth. momentum. Our positive business momentum has continued into October. We're happy to say with month-to-date preliminary sales per workday up approximately 9% year-over-year, and that's with three days left in the month. Our record quarterly sales, and it was an all-time record for any quarter sales, of $6.2 billion were led by 18% organic growth in communications and security solutions, 12% organic growth in our electrical and electronic solutions business, and a return to growth in utility and broadband solutions. And that was driven by strong high single-digit growth of investor-owned utilities and strengthened broadband. Also of note, all three SBUs delivered sales growth in this quarter, and that's the first time that's occurred since Q1 of 2023. Total data center sales were again very strong at $1.2 billion. They set another quarterly record. They were up 60% year over year and now represent 19% of our total Q3 company sales. On a trailing 12-month basis, our data center sales are now close to $4 billion. Adjusted EPS earnings per share grew 9.5% versus prior year and 16% versus Q2 sequentially, with both gross margin and EBITDA margin improving sequentially. We're building on our positive business momentum as we enter the fourth quarter and as we prepare for continued market leading growth in 2026. Now turning to our full year 2025 outlook. We are raising our full year outlook for organic sales growth, adjusted EBITDA, and adjusted EPS based on our increasing business momentum in the third quarter. At the same time, we're reducing our full year free cash flow outlook to reflect and increase in working capital dollars, and that's associated with our rising demand curve and the increased sales growth rates we've been experiencing. We're executing very well, and we remain firmly focused on accelerating our cross-selling initiatives, continuing to drive our enterprise-wide margin improvement program, and delivering operational improvements enabled by our technology-driven business transformation. As the market leader, it's really the strength of our portfolio and the enduring secular growth trends of digitalization, that includes AI-driven data centers and automation, electrification, that includes increased power generation and reliability, and supply chain resiliency, which includes reshoring. All of these secular trends fuel my confidence that Wesco will continue to outperform our markets and deliver exceptional customer and shareholder value in 2026 and beyond. Looking ahead specifically to 2026, our midterm targets for annual sales growth and margin expansion that we provided at our investor day are the appropriate starting point for the outlook that we will provide in conjunction with our earnings release in February. So with that, I'll turn it over to Dave to walk you through our Q3 results and our outlook for the remainder of the year. Dave.