Earnings summaries and quarterly performance for QXO.
Executive leadership at QXO.
Board of directors at QXO.
Research analysts covering QXO.
Recent press releases and 8-K filings for QXO.
QXO Reports Third Quarter 2025 Results
QXO
Earnings
M&A
Guidance Update
- QXO, Inc. reported net sales of $2,728.3 million for the three months ended September 30, 2025.
- The company posted a basic and diluted loss per common share of $(0.24) and an Adjusted Diluted EPS of $0.14 for Q3 2025.
- Adjusted EBITDA was $301.9 million and Adjusted Gross Margin was 25.2% for the third quarter of 2025.
- Chairman and CEO Brad Jacobs stated the company is on track to organically grow legacy Beacon's EBITDA to more than $2 billion and aims to reach $50 billion in annual revenue within a decade through accretive acquisitions and organic growth.
Nov 6, 2025, 9:08 PM
QXO Reports Third Quarter 2025 Results
QXO
Earnings
Guidance Update
M&A
- QXO reported net sales of $2.73 billion for the three months ended September 30, 2025.
- For the third quarter 2025, the company had a basic and diluted loss per common share of $(0.24) and an Adjusted Diluted EPS of $0.14.
- Adjusted EBITDA was $301.9 million with an Adjusted EBITDA Margin of 11.1% for the three months ended September 30, 2025.
- Chairman and CEO Brad Jacobs stated the company is on track to organically grow legacy Beacon's EBITDA to more than $2 billion and aims to reach $50 billion in annual revenue within a decade through accretive acquisitions and organic growth.
Nov 6, 2025, 9:05 PM
QXO, Inc. Details Term Loan Credit Agreement and Merger
QXO
Debt Issuance
M&A
Dividends
- QXO, Inc. filed an 8-K on November 5, 2025, detailing a Term Loan Credit Agreement dated April 29, 2025, with QXO Building Products, Inc. as the borrower.
- This agreement is connected to the merger of Queen MergerCo, Inc. into Beacon Roofing Supply, Inc., with the surviving entity becoming QXO Building Products, Inc., a wholly-owned subsidiary of Holdings, under a Merger Agreement dated March 20, 2025.
- The credit agreement specifies limits on indebtedness, including a maximum of $2,250,000,000 for Indebtedness, which encompasses Senior Secured Notes.
- Annual restricted payments for share repurchases are capped at the greater of $105,000,000 and 1.5% of Consolidated Total Assets.
- Dividends and distributions to equity holders are restricted to an annual amount not exceeding the sum of 7.0% of the Market Capitalization and 7.0% of net cash proceeds received from public equity offerings after the Closing Date.
Nov 5, 2025, 9:13 PM
QXO Announces Launch of Term Loan Refinancing and Preliminary Q3 2025 Results
QXO
Debt Issuance
Earnings
- QXO, Inc. launched a refinancing of its Term Loan B on October 28, 2025.
- The company reported preliminary Q3 2025 financial results, including net sales of $2.73 billion, a GAAP net loss of $139 million, and Adjusted EBITDA of $302 million.
- As of Q3 2025, QXO had $2.3 billion in cash and cash equivalents and $3.1 billion in debt (excluding finance lease obligations), with total net debt expected to remain consistent after the refinancing.
Oct 28, 2025, 11:39 AM
QXO Announces Term Loan Refinancing and Preliminary Q3 2025 Results
QXO
Debt Issuance
Earnings
- QXO has launched a refinancing of its Term Loan B, with total net debt expected to remain consistent following the refinancing.
- For the third quarter ended September 30, 2025, the company reported preliminary unaudited results including net sales of $2.73 billion, Adjusted EBITDA of $302 million, and Adjusted Diluted EPS of $0.14.
- As of September 30, 2025, QXO's preliminary balance sheet figures show cash and cash equivalents of $2.3 billion and debt of $3.1 billion (excluding finance lease obligations).
Oct 28, 2025, 11:37 AM
QXO, Inc. Provides Update on Strategic Transformation and Growth Outlook
QXO
Hiring
New Projects/Investments
Revenue Acceleration/Inflection
- QXO, Inc. is implementing a comprehensive transformation program, including rebranding from Beacon to QXO, flattening its organizational structure, and accelerating the rollout of its centralized digital pricing platform.
- The company is reshaping its salesforce by hiring approximately 100 "hunters" to acquire new customers and adding inside sales staff, while removing about 250 mid-level and senior roles to optimize its cost structure.
- QXO is centralizing procurement authority across its top 20 vendors, which represent about 70% of its spend, and has rolled out a digital pricing platform designed to address $200 million in identified leakage from undisciplined discounting.
- Approximately 80% of QXO's current revenue is derived from repair and remodel, making it less sensitive to housing cycles, and analysts project the company's EBITDA to grow at a 34% CAGR between 2025 and 2030.
Sep 11, 2025, 12:01 PM
QXO Inc. Announces Second Quarter 2025 Results
QXO
Earnings
M&A
Debt Issuance
- QXO Inc. reported net sales of $1,906.4 million and an adjusted diluted EPS of $0.11 for the second quarter of 2025, alongside a net loss of ($58.5 million) and adjusted EBITDA of $204.6 million.
- The company's second quarter 2025 financial results include the operations of Beacon Roofing Supply, Inc. from its acquisition date of April 29, 2025, for a total purchase price of $10.6 billion.
- In Q2 2025, QXO incurred $4.9 billion in new debt and raised an additional $4.8 billion through a combination of equity and mandatory convertible preferred stock financing, with net debt totaling approximately $1.2 billion as of June 30, 2025.
- QXO aims to achieve $50 billion in annual revenue over the next decade through accretive acquisitions and organic growth, with plans to at least double Beacon's legacy EBITDA organically.
Aug 14, 2025, 10:30 AM
QXO Outlines Strategy for $50 Billion Revenue Goal and Announces GMS Acquisition Offer
QXO
M&A
New Projects/Investments
Executive Compensation
- QXO, the largest publicly traded distributor of roofing and building products in the U.S., announced its goal to reach $50 billion in annual revenue within the next decade through accretive acquisitions and organic growth.
- The company plans to at least double Beacon's legacy EBITDA organically within five years, leveraging Beacon's $9.8 billion in FY24 net sales as a strategic platform.
- On June 18, 2025, QXO made an all-cash offer to acquire 100% of GMS for $95.20 per share, valuing GMS at approximately $5 billion.
- QXO emphasized strong management alignment, with senior management and the board owning approximately 36% of the company's equity and executive compensation tied to total shareholder return performance.
Jun 26, 2025, 12:00 AM
QXO proposes acquisition of GMS for $95.20 per share
QXO
M&A
Takeover Bid
- QXO, Inc. offered to acquire 100% of GMS Inc. at $95.20 per share in cash, valuing the deal at approximately $5 billion and representing a 27% premium to GMS’s 60-day VWAP of $74.82.
- The proposal reflects a 29% premium to GMS’s closing price of $73.74 on May 22, 2025, a 19% premium to the median 12-month analyst target of $80.00, and prices the company at 2.9× its three-year average NTM EV/EBITDA multiple.
- The offer includes no financing condition, supported by fully committed financing from Goldman Sachs and Morgan Stanley, and anticipates closing by August 2025.
- QXO’s bid follows GMS’s recent EBITDA and margin declines, missed quarterly estimates and share price underperformance, and QXO is prepared to engage directly with GMS shareholders if needed.
Jun 20, 2025, 12:00 AM
QXO, Inc. Files 8-K for Share Resale Registration
QXO
Legal Proceedings
- QXO, Inc. filed an 8‑K on May 29, 2025, reporting the registration and resale of 67,528,459 common stock shares by certain selling stockholders.
- The filing incorporates Exhibit 5.1, which includes a legal opinion from Paul, Weiss, Rifkind, Wharton & Garrison LLP confirming that the shares are duly authorized, validly issued, fully paid, and non‑assessable under Delaware law.
May 29, 2025, 12:00 AM
Quarterly earnings call transcripts for QXO.
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