Wesco expects Utility to return to sales growth in 2H

Says strong order activity and backlog growth; positive momentum continuing to start the third quarter. Says backlog up YOY and sequentially across all three business units; says increasing momentum with preliminary July sales per workday up ~10%; says well positioned to benefit from enduring secular growth trends of AI- driven data centers, increased power generation, electrification, automation, and reshoring. Says Adjusted full year 2025 outlook to reflect positive sales momentum from the first seven months of the year. Says Margin profile reflects continued large project wins; Redeemed preferred stock improving both our cash flow and EPS run rates; no significant debt maturities until 2028. Comments taken from Q2 earnings conference call slides.