QXO, Inc. is a technology solutions and professional services company that has recently transitioned into the building products distribution industry. The company provides software applications, consulting services, and proprietary solutions to assist businesses in their digital transformations. It also distributes roofing, waterproofing, and complementary building products, aiming to become a leader in the building products distribution sector.
- Ancillary Services - Offers additional services to support enterprise asset management and digital transformation for customers.
- Professional Consulting - Provides specialized programming, training, and technical support to small and mid-sized businesses.
- Software Solutions - Develops and sells proprietary software applications for accounting, ERP, CRM, and other business needs.
- Maintenance Services - Delivers ongoing technical support and updates for software solutions.
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Recent press releases and 8-K filings for QXO.
QXO Inc. Announces Second Quarter 2025 Results
·$QXOEarnings
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 $50 Billion Revenue Goal and Announces GMS Acquisition Offer
·$QXOM&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 $95.20 per share
·$QXOM&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 $80.00, and prices the company at 2.9× its three-year average NTM EV/EBITDA multiple.
- The offer includes no financing condition, supported by fully committed financing from Goldman Sachs and Morgan Stanley, and anticipates closing by August 2025.
- QXO’s bid follows GMS’s recent EBITDA and margin declines, missed quarterly estimates and share price underperformance, and QXO is prepared to engage directly with GMS shareholders if needed.
Jun 20, 2025, 12:00 AM
QXO, Inc. Files 8-K for Share Resale Registration
·$QXOLegal 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
QXO, Inc. Announces Securities Registration and Concurrent Offerings
·$QXOConvertible Preferred Issuance
- QXO, Inc. filed a registration statement on Form S-3ASR to register 11,500,000 depositary shares, each representing a 1/20th interest in the 5.50% Series B Mandatory Convertible Preferred Stock convertible into common stock.
- The Board authorized the creation of 575,000 shares of this preferred series, establishing key conversion rights and specific share designations.
- The filing also outlines concurrent offerings of approximately 48,484,849 common stock shares and 10,000,000 depositary shares with defined pricing and settlement dates in May 2025.
May 27, 2025, 12:00 AM
QXO Announces Upsized Concurrent Offerings
·$QXOConvertible Preferred Issuance
- QXO, Inc. announced pricing for two concurrent public offerings: a Common Stock Offering of 48,484,849 shares at $16.50 per share and a Depositary Shares Offering valued at $500 million with each share priced at $50.00.
- The offerings have been upsized with over-allotment options granted to underwriters, allowing an additional 7,272,727 shares for the common stock and extra depositary shares to cover over-allotments.
- The net proceeds will be used to repay indebtedness under the senior secured term loan facility, strengthening QXO’s position for future acquisition opportunities.
May 23, 2025, 12:00 AM
QXO Launches Concurrent Stock and Depositary Shares Offering
·$QXOConvertible Preferred Issuance
M&A
- QXO, Inc. announced concurrent underwritten public offerings of common stock and depositary shares, each representing a 1/20th interest in a share of new Series B Mandatory Convertible Preferred Stock.
- The offerings are expected to raise $1.0 billion in aggregate gross proceeds, with an option for underwriters to purchase additional shares potentially adding $150 million more.
- The net proceeds will be used to repay indebtedness under QXO’s senior secured term loan, strengthening the company for future acquisition opportunities.
May 20, 2025, 12:00 AM
QXO, Inc. Reports Q1 2025 Financial Results
·$QXOEarnings
M&A
- QXO, Inc. announced its Q1 2025 results, reporting total revenue of $13.5 million, net income of $8.8 million (inclusive of $56.6 million interest income), and adjusted EBITDA of negative $8.9 million.
- The company highlighted its strategic progress with an $11 billion acquisition of Beacon Roofing Supply, positioning itself to become the leader in the $800 billion building products distribution industry.
May 8, 2025, 12:00 AM
QXO Completes Acquisition of Beacon Roofing Supply
·$QXOM&A
- QXO completed its acquisition of Beacon Roofing Supply, valuing the transaction at approximately $11 billion with a cash offer of $124.35 per share.
- The acquisition positions QXO as the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States.
- To commemorate the milestone, QXO will ring the Opening Bell at the New York Stock Exchange on April 30, 2025.
Apr 29, 2025, 12:00 AM
QXO Upsizes Senior Secured Notes Offering
·$QXODebt Issuance
M&A
- QXO, Inc. announced that its subsidiary, Queen MergerCo, Inc., has priced a $2.25 billion offering of 6.75% Senior Secured Notes due 2032, up from the previously announced $2 billion.
- The offering is set to close on April 29, 2025 and will help fund the planned acquisition of Beacon Roofing Supply, Inc., along with other financing sources.
Apr 24, 2025, 12:00 AM