QXO, Inc. is a publicly traded distributor of roofing, waterproofing and complementary building products in the United States. It plans to become tech-enabled in the building products distribution industry and generate outsized value for shareholders. The company was founded on October 3, 2002, and is headquartered in Greenwich, CT.
Recent News & Events
Preliminary Q3 beat and strong October momentum drove a 20% surge; full Q3 results due today (Nov 12) are the key near-term catalyst, with CEO's new CKX venture a secondary overhang.
POSITIVENov 9, 2026
Preliminary Earnings / Guidance
QXO pre-releases Q3 2026 results above estimates
QXO pre-announced Q3 2026 net sales of ~$4.90B (+79% YoY) and Adjusted EBITDA of ~$557M (+85% YoY), topping Wall Street expectations and sending shares up ~20% to a two-month high. The beat, driven by Kodiak/TopBuild acquisitions plus organic pricing gains (+2.2%) and accelerating October daily sales (+5.4% YoY), resets near-term sentiment positively ahead of full results.
QXO is scheduled to report full Q3 2026 results today (Nov 12), including detailed segment data and the 10-Q. Given the preliminary beat already priced in, the market will focus on margin detail, organic growth quality, and any guidance commentary; a clean report could extend gains, while any discrepancy versus preliminaries would be a negative surprise.
CEO Brad Jacobs announced a ~$1B personal investment (with co-investors) into CKX Lands, becoming its Chairman and CEO while retaining the same roles at QXO. While framed as separate, the split-focus and potential investor concerns over capital/attention allocation represent a modest overhang that could temper upside despite the strong operating results.
On the investor call, management reaffirmed a path to ~$4B Adjusted EBITDA by 2030 (or ~$5.5B including tuck-in M&A), citing pricing, share gains, and Kodiak/TopBuild synergies, plus >$2B liquidity and no debt maturities before 2031. The reaffirmed multi-year framework supports the bull case and could attract incremental buyers in the near term.