• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    QXO Reports Fourth Quarter 2024 Results

    3/4/25 8:00:00 AM ET
    $QXO
    EDP Services
    Technology
    Get the next $QXO alert in real time by email

    QXO, Inc. (NYSE:QXO) today announced its financial results for the fourth quarter 2024. The company reported a loss of $(0.02) per basic and diluted shares attributable to common shareholders.

    For the full year 2024, the company reported a loss of $(0.11) per basic and diluted shares attributable to common shareholders.

    FOURTH QUARTER AND FULL YEAR 2024 SUMMARY RESULTS

       
       

    Three Months Ended

    December 31,

     Year Ended

    December 31,

     

    (in thousands)

    2024

     

    2023

    Change %

    2024

     

    2023

    Change %

    Revenue:

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Software product, net

    $

    4,977

     

    $

    4,640

    7.3

    %

    $

    15,261

     

    $

    14,111

     

    8.1

    %

    Service and other, net

     

    9,766

     

     

    10,069

    (3.0

    )%

     

    41,612

     

     

    40,406

     

    3.0

    %

    Total revenue, net

    $

    14,743

     

    $

    14,709

    0.2

    %

    $

    56,873

     

    $

    54,517

     

    4.3

    %

     

     

     

     

     

     

     

    Net income (loss)

    $

    11,289

     

    $

    419

    NM

     

    $

    27,969

     

    $

    (1,070

    )

    NM

     

     

     

     

     

     

     

     

    Adjusted EBITDA¹

    NM - Not Meaningful

    $

    (7,655

    )

    $

    684

    NM

     

    $

    (19,832

    )

    $

    2,717

     

    NM

     

    ¹ See "Non-GAAP Financial Measures" section for additional information.

     

    "We are making significant strides in establishing QXO as a tech-forward leader in the $800 billion building products distribution industry," said Brad Jacobs, chairman and chief executive officer of QXO. "Our strong balance sheet, including more than $5 billion of cash and no debt, is enabling our world-class leadership team to pursue high-value M&A opportunities."

    Fourth Quarter Highlights

    Total revenue for the quarter was $14.7 million, compared with $14.7 million for the same period in 2023. Software product revenue was $5.0 million, compared with $4.6 million for the same period in 2023. Service and other revenue was $9.8 million, compared with $10.1 million for the same period in 2023.

    Net income, inclusive of $61.4 million interest income, was $11.3 million.

    Adjusted EBITDA, a non-GAAP measure, was a loss of $(7.7) million, compared with a gain of $0.7 million for the same period in 2023. The year-over-year decrease in adjusted EBITDA reflects costs related to the introduction of a new senior management team to execute QXO's expansive growth plan.

    As of December 31, 2024, the company had approximately $5.1 billion in cash on hand and no debt.

    About QXO

    QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry. The company is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

    Non-GAAP Financial Measures

    As required by the rules of the SEC, we provide reconciliations of the non-GAAP financial measures contained in this press release to the most directly comparable measure under GAAP, which are set forth in the financial tables attached to this press release. QXO's non-GAAP financial measure in this press release is adjusted EBITDA.

    We believe that the above adjusted financial measure facilitates analysis of our ongoing business operations because it excludes items that may not be reflective of, or are unrelated to, QXO's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Other companies may calculate this non-GAAP financial measure differently, and therefore our measure may not be comparable to similarly titled measures of other companies. This non-GAAP financial measure should only be used as a supplemental measure of our operating performance.

    Adjusted EBITDA includes adjustments for share-based compensation, transaction, and severance costs as set forth in the attached reconciliation. Transaction adjustments are generally incremental costs that result from an actual or planned acquisition or divestiture and may include transaction costs, consulting fees, retention awards, internal salaries and wages (to the extent the individuals are assigned full-time to integration and transformation activities) and certain costs related to integrating and converging IT systems. Management uses this non-GAAP financial measure in making financial, operating and planning decisions and evaluating QXO's ongoing performance.

    We believe that adjusted EBITDA improves comparability from period to period by removing the impact of our capital structure (interest and financing expenses), asset base (depreciation and amortization), tax impacts and other adjustments as set out in the attached tables that management has determined are not reflective of core operating activities and thereby assist investors with assessing trends in our underlying businesses.

    Because of these limitations, you should consider adjusted EBITDA alongside other financial performance measures, including various cash flow metrics, net income (loss), and our other GAAP results.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about beliefs, expectations, targets and goals are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as "may," "will," "should," "expect," "opportunity," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "goal," or "continue," or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others:

    • risks associated with potential significant volatility and fluctuations in the market price of the company's common stock;
    • risks associated with raising additional equity or debt capital from public or private markets to pursue the company's business plan, including potentially one or more additional private placements of common stock, and the effects that raising such capital may have on the company and its business, including the risk of substantial dilution or that the company's common stock may experience a substantial decline in trading price;
    • the possibility that additional future financings may not be available to the company on acceptable terms or at all;
    • the possibility that an active, liquid trading market for the company's common stock may not be sustained;
    • the possibility that the company's outstanding warrants and preferred stock may or may not be converted or exercised, and the economic impact on the company and the holders of common stock of the company that may result from either such exercise or conversion, including dilution, or the continuance of the preferred stock remaining outstanding, and the impact its terms, including its dividend, may have on the company and the common stock of the company;
    • uncertainties regarding the company's focus, strategic plans and other management actions;
    • the risk that the company is or becomes highly dependent on the continued leadership of Brad Jacobs as chairman and chief executive officer and the possibility that the loss of Mr. Jacobs in these roles could have a material adverse effect on the company's business, financial condition and results of operations;
    • the possibility that the concentration of ownership by Mr. Jacobs may have the effect of delaying or preventing a change in control of the company and might affect the market price of shares of the common stock of the company;
    • the risk that Mr. Jacobs' past performance may not be representative of future results;
    • the risk that the company is unable to attract and retain world-class talent;
    • the risk that the failure to consummate any acquisition expeditiously, or at all, could have a material adverse effect on the company's business prospects, financial condition, results of operations or the price of the company's common stock;
    • risks that the company may not be able to enter into agreements with acquisition targets on attractive terms, or at all, that agreed acquisitions may not be consummated, or, if consummated, that the anticipated benefits thereof may not be realized and that the company encounter difficulties in integrating and operating such acquired companies, or that matters related to an acquired business (including operating results or liabilities or contingencies) may have a negative effect on the company or its securities or ability to implement its business strategy, including that any such transaction may be dilutive or have other negative consequences to the company and its value or the trading prices of its securities;
    • risks associated with cybersecurity and technology, including attempts by third parties to defeat the security measures of the company and its business partners, and the loss of confidential information and other business disruptions;
    • the possibility that new investors in any future financing transactions could gain rights, preferences and privileges senior to those of the company's existing stockholders;
    • the possibility that building products distribution industry demand may soften or shift substantially due to cyclicality or seasonality or dependence on general economic and political conditions, including inflation or deflation, interest rates, governmental subsidies or incentives, consumer confidence, labor and supply shortages, weather and commodity prices;
    • the possibility that regional or global barriers to trade or a global trade war could increase the cost of products in the building products distribution industry, which could adversely impact the competitiveness of such products and the financial results of businesses in the industry;
    • risks associated with periodic litigation, regulatory proceedings and enforcement actions, which may adversely affect the company's business and financial performance;
    • uncertainties regarding general economic, business, competitive, legal, regulatory, tax and geopolitical conditions; and
    • other factors, including those set forth in the company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

    The company cautions that forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. The company undertakes no obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.

     

     QXO, INC. AND SUBSIDIARIES

    CONSOLIDATED BALANCE SHEETS

    (in thousands, except share and per share data)

     
     

    December 31,

    2024

    December 31,

    2023

    ASSETS

     

    Current assets:

     

     

    Cash and cash equivalents

    $

    5,068,504

     

    $

    6,143

     

    Accounts receivable, net

     

    2,736

     

     

    2,969

     

    Prepaid expenses and other current assets

     

    18,339

     

     

    2,684

     

    Total current assets

     

    5,089,579

     

     

    11,796

     

    Property and equipment, net

     

    445

     

     

    503

     

    Operating lease right-of-use assets

     

    259

     

     

    522

     

    Intangible assets, net

     

    4,024

     

     

    4,919

     

    Goodwill

     

    1,160

     

     

    1,140

     

    Deferred tax assets

     

    2,603

     

     

    1,444

     

    Other non-current assets

     

    192

     

     

    171

     

    Total assets

    $

    5,098,262

     

    $

    20,495

     

    LIABILITIES AND STOCKHOLDERS' EQUITY

    Current liabilities:

     

     

    Accounts payable

    $

    6,194

     

    $

    4,563

     

    Accrued expenses

     

    35,692

     

     

    2,681

     

    Deferred revenue

     

    2,900

     

     

    3,161

     

    Long-term debt – current portion

     

    —

     

     

    702

     

    Finance lease obligations – current portion

     

    128

     

     

    154

     

    Operating lease liabilities – current portion

     

    188

     

     

    263

     

    Total current liabilities

     

    45,102

     

     

    11,524

     

    Long-term debt net of current portion

     

    —

     

     

    994

     

    Finance lease obligations net of current portion

     

    190

     

     

    247

     

    Operating lease liabilities net of current portion

     

    71

     

     

    259

     

    Total liabilities

     

    45,363

     

     

    13,024

     

    Stockholders' equity:

     

     

    Preferred stock, $0.001 par value; authorized 10,000,000 shares, 1,000,000 and 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively

     

    498,621

     

     

    -

     

    Common stock, $0.00001 par value; authorized 2,000,000,000 shares, 409,430,195 and 664,448 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively

     

     

     

    4

     

     

     

     

     

    -

     

     

    Additional paid-in capital

     

    4,560,503

     

     

    9,419

     

    Accumulated deficit

     

    (6,229

    )

     

    (1,948

    )

    Total stockholders' equity

     

    5,052,899

     

     

    7,471

     

    Total liabilities and stockholders' equity

    $

    5,098,262

    $

    20,495

     

     QXO, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (in thousands, except per share data)

     
     

    Three Months Ended December 31,

    Year Ended December 31,

    2024

    2023

    2024

    2023

    Revenue:

    (Unaudited)

     

    Software product, net

    $

    4,977

     

    $

    4,640

     

    $

    15,261

     

    $

    14,111

     

    Service and other, net

     

    9,766

     

     

    10,069

     

     

    41,612

     

     

    40,406

     

    Total revenue, net

     

    14,743

     

     

    14,709

     

     

    56,873

     

     

    54,517

     

    Cost of revenue:

     

     

     

     

    Software product

     

    3,044

     

     

    2,799

     

     

    9,434

     

     

    8,513

     

    Service and other

     

    5,661

     

     

    6,189

     

     

    24,507

     

     

    24,390

     

    Total cost of revenue

     

    8,705

     

     

    8,988

     

     

    33,941

     

     

    32,903

     

    Operating expenses:

     

     

     

     

    Selling, general and administrative expenses

     

    38,896

     

     

     

    5,079

     

     

    92,943

     

     

    22,097

     

    Depreciation and amortization expenses

     

    243

     

     

     

    220

     

     

    989

     

     

    828

     

    Total operating expenses

     

    39,139

     

     

     

    5,299

     

     

    93,932

     

     

    22,925

     

    (Loss) income from operations

     

    (33,101

    )

     

     

    422

     

     

    (71,000

    )

     

    (1,311

    )

    Other income (expense), net:

     

     

     

     

     

    Interest income (expense), net

     

    61,374

     

     

     

    (14

    )

     

    121,812

     

     

    (56

    )

    Total other income (expense)

     

    61,374

     

     

     

    (14

    )

     

    121,812

     

     

    (56

    )

    Income (loss) before taxes

     

    28,273

     

     

     

    408

     

     

    50,812

     

     

    (1,367

    )

    Provision (benefit) for income taxes

     

    16,984

     

     

     

    (11

    )

     

    22,843

     

     

    (297

    )

    Net income (loss)

    $

    11,289

     

    $

     

    419

     

    $

    27,969

     

    $

    (1,070

    )

    (Loss) earnings per common share – basic and diluted

    $

    (0.02

    )

    $

    0.64

     

    $

    (0.11

    )

    $

    (1.63

    )

    Total weighted average common shares outstanding:

     

     

     

     

    Basic

     

    451,430

     

     

    659

     

     

    203,998

     

     

    657

     

    Diluted

    451,430

    659

    203,998

    657

     
     

     QXO, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (in thousands)

     
     

    Year Ended

    December 31,

     

    2024

    2023

    Cash flows from operating activities:

     

     

    Net income (loss)

    $

    27,969

     

    $

    (1,070

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

     

     

    Deferred income taxes

     

    (1,159

    )

     

    (338

    )

    Depreciation

     

    247

     

     

    329

     

    Amortization of intangibles

     

    875

     

     

    672

     

    Non-cash lease expense

     

    263

     

     

    126

     

    Provision for expected losses

     

    50

     

     

    115

     

    Share-based compensation

     

    34,513

     

     

    41

     

    Changes in assets and liabilities:

     

     

    Accounts receivable

     

    183

     

     

    103

     

    Prepaid expenses and other current assets

     

    (12,155

    )

     

    (179

    )

    Other assets

     

    (21

    )

     

    16

     

    Accounts payable

     

    1,631

     

     

    1,291

     

    Accrued expenses

     

    33,011

     

     

    222

     

    Deferred revenue

     

    (261

    )

     

    (618

    )

    Operating lease liabilities

     

    (263

    )

     

    (126

    )

    Net cash provided by operating activities

     

    84,883

     

     

    584

     

    Cash flows from investing activities:

     

     

    Purchase of property and equipment

     

    (102

    )

     

    (121

    )

    Acquisition of assets

     

    —

     

     

    (279

    )

    Net cash used in investing activities

     

    (102

    )

     

    (400

    )

    Cash flows from financing activities:

     

     

    Proceeds from the issuance of common stock and pre-funded warrants, net of issuance costs

    4,051,103

    -

     

    Proceeds from issuance of preferred stock and warrants, net of issuance costs

     

    981,538

     

     

    -

     

    Payment of preferred stock dividend

     

    (32,250

    )

     

    -

     

    Payment of common-stock dividend

     

    (17,400

    )

     

    (1,051

    )

    Payment of long-term debt

     

    (1,696

    )

     

    (784

    )

    Payment for fractional shares

     

    (45

    )

     

    —

     

    Payment of finance lease obligations

     

    (170

    )

     

    (215

    )

    Net cash provided by (used in) financing activities

     

    4,981,080

     

     

    (2,050

    )

    Net increase (decrease) in cash, cash equivalents and restricted cash

     

    5,065,861

     

     

    (1,866

    )

    Cash, cash equivalents and restricted cash, beginning of year

     

    6,143

     

     

    8,009

     

    Cash, cash equivalents and restricted cash, end of year

    $

    5,072,004

     

    $

    6,143

     

    Cash paid during year for:

     

     

    Interest

    $

    63

     

    $

    57

     

    Income taxes

    $

    —

    $

    301

     
     

     QXO, INC. AND SUBSIDIARIES

    RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA

    (in thousands)

    (Unaudited)

     
     

    Three Months Ended December 31,

    Year Ended December 31,

    2024

     

    2023

     

    2024

    2023

     

    Net income (loss)

    $

    11,289

     

    $

    419

     

    $

    27,969

     

    $

    (1,070

    )

    Add (deduct):

     

     

     

     

     

    Depreciation and amortization

     

    271

     

     

    262

     

     

    1,122

     

     

    1,001

     

    Share-based compensation

     

    20,528

     

     

    —

     

     

    34,513

     

     

    41

     

    Interest (income) expense

     

    (61,374

    )

     

    14

     

     

    (121,812

    )

     

    56

     

    Provision (benefit) for income taxes

     

    16,984

     

     

    (11

    )

     

    22,843

     

     

    (297

    )

    Transaction costs

     

    4,647

     

     

    —

     

     

    12,765

     

     

    2,986

     

    Severance costs

     

    —

     

     

    —

     

     

    2,768

     

     

    —

     

    Adjusted EBITDA

    $

    (7,655

    )

    $

    684

     

    $

    (19,832

    )

    $

    2,717

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250304430799/en/

    Media Contact:

    Joe Checkler

    [email protected]

    203-609-9650

    Investor Contact:

    Mark Manduca

    [email protected]

    203-321-3889

    Get the next $QXO alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $QXO

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $QXO
    Leadership Updates

    Live Leadership Updates

    See more
    • QXO Appoints Val Liborski as Chief Technology Officer

      QXO Inc. (NYSE:QXO) today announced the appointment of global tech veteran Val Liborski as chief technology officer, effective April 21, 2025. Liborski most recently served as chief technology officer for Yahoo, and prior to that as chief technology officer for HelloFresh. Previously, he led engineering and product management at Amazon Web Services and later oversaw the technology powering the expansion of Amazon's consumer business across Europe. Earlier in his career, he held senior engineering roles at Microsoft, where he developed large-scale data systems for Bing and advanced AI-driven advertising platforms. "Val has built his career at high-performance companies where execution is c

      4/16/25 9:03:00 AM ET
      $QXO
      EDP Services
      Technology

    $QXO
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by QXO Inc.

      SC 13G - QXO, Inc. (0001236275) (Subject)

      11/13/24 9:11:27 AM ET
      $QXO
      EDP Services
      Technology
    • SEC Form SC 13G filed by QXO Inc.

      SC 13G - QXO, Inc. (0001236275) (Subject)

      11/1/24 2:48:07 PM ET
      $QXO
      EDP Services
      Technology
    • SEC Form SC 13G filed by QXO Inc.

      SC 13G - QXO, Inc. (0001236275) (Subject)

      8/12/24 12:29:21 PM ET
      $QXO
      EDP Services
      Technology

    $QXO
    Financials

    Live finance-specific insights

    See more
    • QXO Reports First Quarter 2025 Results

      QXO, Inc. (NYSE:QXO) today announced its financial results for the first quarter 2025. The company reported a loss of $(0.03) per basic and diluted share attributable to common shareholders. FIRST QUARTER 2025 SUMMARY RESULTS               Three Months Ended March 31,     (in thousands) 2025   2024   Change % Revenue:           Software product, net $ 3,517     $ 3,480   1.1 % Service and other, net   9,991       10,956   (8.8 )% Total revenue, net $ 13,508     $ 14,436   (6.4 )%             Net

      5/8/25 4:15:00 PM ET
      $QXO
      EDP Services
      Technology
    • QXO Reports Fourth Quarter 2024 Results

      QXO, Inc. (NYSE:QXO) today announced its financial results for the fourth quarter 2024. The company reported a loss of $(0.02) per basic and diluted shares attributable to common shareholders. For the full year 2024, the company reported a loss of $(0.11) per basic and diluted shares attributable to common shareholders. FOURTH QUARTER AND FULL YEAR 2024 SUMMARY RESULTS         Three Months Ended December 31,  Year Ended December 31,   (in thousands) 2024   2023 Change % 2024   2023 Change % Revenue:                      

      3/4/25 8:00:00 AM ET
      $QXO
      EDP Services
      Technology
    • With No Competing Offers, Beacon Roofing's Board Stalls and Misleads

      Beacon Insiders Recently Sold Shares Well Below Offer Price, Undermining Beacon's Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders Decide on QXO's $124.25 All-Cash Offer GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) --  QXO, Inc. (NYSE:QXO) today released a letter to Beacon Roofing Supply, Inc. shareholders regarding its $124.25 per share all-cash offer, addressing misrepresentations in Beacon's recent 14D-9 filing. Dear Beacon Shareholders, We seek to set the record straight on some of the numerous misleading statements in Beacon's recent communications. 1.   QXO's Offer to Acquire Beacon Roofing Supply is Highly Compelling and at a Significant Premiu

      2/10/25 7:00:00 AM ET
      $QXO
      EDP Services
      Technology

    $QXO
    SEC Filings

    See more
    • SEC Form 10-Q filed by QXO Inc.

      10-Q - QXO, Inc. (0001236275) (Filer)

      5/8/25 4:20:51 PM ET
      $QXO
      EDP Services
      Technology
    • QXO Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - QXO, Inc. (0001236275) (Filer)

      5/8/25 4:12:56 PM ET
      $QXO
      EDP Services
      Technology
    • SEC Form SCHEDULE 13G filed by QXO Inc.

      SCHEDULE 13G - QXO, Inc. (0001236275) (Subject)

      4/30/25 11:12:37 AM ET
      $QXO
      EDP Services
      Technology

    $QXO
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • QXO Reports First Quarter 2025 Results

      QXO, Inc. (NYSE:QXO) today announced its financial results for the first quarter 2025. The company reported a loss of $(0.03) per basic and diluted share attributable to common shareholders. FIRST QUARTER 2025 SUMMARY RESULTS               Three Months Ended March 31,     (in thousands) 2025   2024   Change % Revenue:           Software product, net $ 3,517     $ 3,480   1.1 % Service and other, net   9,991       10,956   (8.8 )% Total revenue, net $ 13,508     $ 14,436   (6.4 )%             Net

      5/8/25 4:15:00 PM ET
      $QXO
      EDP Services
      Technology
    • NYSE Content Advisory: Pre-Market update + President Trump completes 100th day in office

      NEW YORK, April 30, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins.  Kristen Scholer delivers the pre-market update on April 30th President Donald Trump marked his 100th day in office on Tuesday. His second term has been defined by changes to trade policy.Stocks are little changed early Wednesday in what is the final trading session of April. The S&P 500 ended Tuesday with its sixth straight day of gains, rising 7.8% over that time.This morning brings the first read on GDP growth in January through Marc

      4/30/25 8:55:00 AM ET
      $ICE
      $QXO
      Investment Bankers/Brokers/Service
      Finance
      EDP Services
      Technology
    • QXO Completes Acquisition of Beacon Roofing Supply

      QXO to Ring Opening Bell at New York Stock Exchange on Wednesday, April 30 QXO, Inc. (NYSE:QXO) today announced it has completed its previously disclosed acquisition of Beacon Roofing Supply, Inc., for $124.35 per share, valuing the transaction at approximately $11 billion. The transaction makes QXO the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States. To mark the milestone, QXO will ring the Opening Bell at the New York Stock Exchange tomorrow. "Acquiring Beacon is a major step forward in our strategy to make QXO the leading tech-enabled company in the $800 billion building products distribution industry," said Brad J

      4/29/25 8:53:00 AM ET
      $QXO
      EDP Services
      Technology

    $QXO
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Kushner Jared Corey was granted 16,260,163 shares (SEC Form 4)

      4 - QXO, Inc. (0001236275) (Issuer)

      5/1/25 4:53:43 PM ET
      $QXO
      EDP Services
      Technology
    • SEC Form 4 filed by Chief Technology Officer Liborski Valeri

      4 - QXO, Inc. (0001236275) (Issuer)

      4/23/25 6:41:57 PM ET
      $QXO
      EDP Services
      Technology
    • SEC Form 3 filed by new insider Liborski Valeri

      3 - QXO, Inc. (0001236275) (Issuer)

      4/23/25 6:40:32 PM ET
      $QXO
      EDP Services
      Technology