QXO (QXO) investor relations material

Executive summary

• Completed the transformative Beacon Acquisition, making the company the largest publicly traded distributor of roofing and complementary building products in North America.

• Closed the $2.25 billion Kodiak Building Partners acquisition on April 1, 2026, expanding into lumber, trusses, and other construction supplies.

• Announced a pending $17.0 billion acquisition of TopBuild Corp., expected to close in Q3 2026, subject to customary approvals.

• Net sales reached $1.73 billion for Q1 2026, reflecting softness in the building products industry and ongoing investments in integration, technology, and sales capacity.

• Reported a basic and diluted loss per share of $(0.35) and an adjusted diluted loss per share of $(0.12) for Q1 2026.

Financial highlights

• Net sales for Q1 2026 were $1.73 billion, compared to $13.5 million in Q1 2025, driven by the Beacon Acquisition.

• Gross profit was $409.3 million, with a gross margin of 23.7%.

• Net loss for Q1 2026 was $227.1 million, compared to net income of $8.8 million in Q1 2025.

• Adjusted EBITDA for Q1 2026 was $1.2 million, with an Adjusted EBITDA margin of 0.1%.

• Cash and cash equivalents increased to $3.05 billion as of March 31, 2026, up from $2.36 billion at year-end 2025.

Outlook and guidance

• Targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth.

• Management expects continued macroeconomic headwinds in the building products industry.

• The TopBuild acquisition is expected to further expand scale and capabilities, but is subject to risks and uncertainties.