$QXO
EDP Services
Technology

IPO Year:

Exchange: NASDAQ

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QXO Inc. Press Releases

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  • QXO Announces Upsize and Pricing of Senior Secured Notes by Queen MergerCo, Inc.

    QXO, Inc. (NYSE:QXO) ("QXO" or the "Company") announced today that its subsidiary, Queen MergerCo, Inc. ("Merger Sub"), has priced a $2.25 billion offering (the "Offering") of 6.75% Senior Secured Notes due 2032 (the "Notes") at par. The Offering was increased from the previously announced $2 billion. Merger Sub was created as part of QXO's planned acquisition of Beacon Roofing Supply, Inc. ("Beacon"), under the merger agreement dated March 20, 2025 (the "Merger Agreement"). The Offering is expected to close on April 29, 2025, subject to market and other conditions. Merger Sub intends to use the proceeds from the Offering, along with borrowings under new senior secured credit facilities, p

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  • QXO Announces Offering of Senior Secured Notes by Queen MergerCo, Inc.

    QXO, Inc. (NYSE:QXO) ("QXO" or the "Company") announced today that its wholly owned subsidiary, Queen MergerCo, Inc. ("Merger Sub"), intends to offer $2 billion in Senior Secured Notes due 2032 (the "Notes"), subject to market and other conditions. Merger Sub was formed in connection with QXO's previously announced acquisition of Beacon Roofing Supply, Inc. ("Beacon") under the Agreement and Plan of Merger dated March 20, 2025 (the "Merger Agreement"). Merger Sub intends to use the proceeds from the offering of the Notes, along with borrowings under new senior secured credit facilities, proceeds from QXO's previously announced equity offerings, and available balance sheet cash, to fund the

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  • QXO Announces Pricing of Common Stock Offering

    QXO, Inc. (NYSE:QXO) (the "Company" or "QXO") today announced the pricing of its previously announced public offering of 37,735,850 shares of its common stock (the "Offering") at a price to public of $13.25 per share. The Offering is expected to close on April 21, 2025, subject to customary closing conditions. QXO has granted the underwriters of the Offering an option to purchase up to an additional 5,660,377 shares of common stock at the public offering price less underwriting discounts and commissions. QXO intends to use the net proceeds from the Offering to finance a portion of the consideration for the pending acquisition of Beacon Roofing Supply, Inc. ("Beacon"); however, the Offerin

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  • QXO Announces Common Stock Offering

    QXO, Inc. (NYSE:QXO) (the "Company" or "QXO") today announced it intends to make an offering of $500 million of shares of its common stock (the "Offering"). QXO's common stock is listed on the New York Stock Exchange under the symbol "QXO." QXO intends to grant the underwriters of the Offering an option to purchase up to an additional $75 million of shares of common stock at the same price per share as the other shares of our common stock purchased by the underwriters in the offering. QXO intends to use the net proceeds from the Offering to finance a portion of the consideration for the pending acquisition of Beacon Roofing Supply, Inc. ("Beacon"); however, the Offering is not contingent

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  • 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

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  • QXO Extends Tender Offer to Acquire Beacon Roofing Supply

    QXO, Inc. (NYSE:QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for $124.35 per share. Beacon's board of directors unanimously recommends that all shareholders tender their shares into the offer. The tender offer will remain open until 5:00 p.m. (New York City time) on April 21, 2025. The transaction is expected to close at or near the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions. The acquisition has received antitrust clearance in the U.S. and Canada. Computershare Trust Company, N.A., the depositary and paying agent for

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    Consumer Discretionary
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  • QXO Extends and Amends Tender Offer to Acquire Beacon Roofing Supply

    QXO, Inc. (NYSE:QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) and amending the terms of its pending tender offer to reflect the terms of the previously announced definitive merger agreement between Beacon and QXO, including to increase the offer price to $124.35 per share in cash and reflect such other changes as contemplated by the merger agreement. Beacon's board of directors unanimously recommends that all shareholders tender their shares into the offer, and has amended its recommendation statement on Schedule 14D-9 in support of the amended offer. The tender offer will remain open until

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    RETAIL: Building Materials
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  • QXO to Acquire Beacon Roofing Supply for $11 Billion

      QXO, Inc. (NYSE:QXO) and Beacon Roofing Supply, Inc. (NASDAQ:BECN) today announced that they have entered into a definitive merger agreement under which QXO will acquire Beacon for $124.35 per share in cash. Beacon is a leading distributor of roofing, waterproofing and exterior products, with nearly 600 branches across the U.S. and Canada. The boards of directors of both companies have unanimously approved the transaction, which values Beacon at approximately $11 billion, including all its outstanding debt. The transaction is expected to close by the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions. Beacon's board unanimo

    $BECN
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    RETAIL: Building Materials
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  • QXO Extends Tender Offer to Acquire Beacon Roofing Supply

    QXO, Inc. (NYSE:QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for $124.25 per share. The tender offer, which was scheduled to expire at 5:00 p.m. (New York City time) on March 18, 2025, will remain open until 5:00 p.m. (New York City time) on March 19, 2025. Computershare Trust Company, N.A., the depositary and paying agent for the tender offer, has reported that, as of 5:00 p.m. (New York City time) on March 18, 2025, approximately 12,784,233 shares have been validly tendered and not withdrawn, representing approximately 20.76% of the issued and outstanding shares. Shareholders who have a

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    RETAIL: Building Materials
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  • QXO Raises $830 Million in Private Placement

    QXO, Inc. (NYSE:QXO) (the "Company" or "QXO") today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing (the "Private Placement"). The closing of the Private Placement is contingent upon the concurrent consummation of the Company's outstanding all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN). In the Private Placement, QXO will sell approximately 67.5 million shares of its common stock at $12.30 per share. Both existing and new investors participated in the transaction. The offer and sale of the foregoing securities are being made in a transaction not

    $BECN
    $QXO
    RETAIL: Building Materials
    Consumer Discretionary
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QXO Inc. Insider Trading

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QXO Inc. SEC Filings

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QXO Inc. Leadership Updates

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  • 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

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QXO Inc. Financials

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  • 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:                      

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  • 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

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  • QXO Reports Third Quarter 2024 Results

    GREENWICH, Conn., Nov. 13, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (NASDAQ:QXO) today announced its financial results for the third quarter 2024. The company reported a loss of $0.01 per basic and diluted share attributable to common shareholders. THIRD QUARTER 2024 SUMMARY RESULTS                       Three Months Ended    Nine Months Ended    September 30, September 30, Percent September 30, September 30, Percent(in thousands) 2024    2023   Change 2024  2023  ChangeRevenue:                     Software product, net$3,028  $2,850  6.2% $10,284  $9,471  8.6%Service and other, net 10,127   10,573  (4.2)%  31,846   30,337  5.0%Total revenue, net$13,155  $13,423  (2.0)% $42,130  $39,808  5.8%   

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  • QXO Reports Second Quarter 2024 Results

    GREENWICH, Conn., Aug. 14, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (NASDAQ:QXO) today announced its second quarter results for the three and six months ended June 30, 2024. Financial Highlights for the Three Months Ended June 30, 2024, Compared with the Three Months Ended June 30, 2023: Total revenue was $14.54 million, compared with $13.26 million.Software product revenue was $3.78 million, compared with $3.30 million.Service and other revenue was $10.76 million, compared with $9.96 million.Net loss was ($591,000) or ($9.93) loss per basic and diluted share, compared with net income of $344,000 or $0.52 earnings per basic and diluted share.Adjusted EBITDA, a non-GAAP measure, was ($1.21) mil

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QXO Inc. Large Ownership Changes

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