{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-063090","form_type":"8-K","ticker":"QXO","cik":"0001236275","company_name":"QXO, Inc.","filed_at":"2025-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.760573+00:00","generated_at":"2026-05-18T17:31:56.833568+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"medium","headline":"QXO targets $50B revenue, offers $5B for GMS, aims to double Beacon EBITDA","bullets":["Goal to reach $50B annual revenue within decade via M&A and organic growth; Beacon acquisition provides platform.","On June 18, 2025, QXO offered $95.20/share (~$5B) to acquire GMS; no assurance deal will close.","Plan to at least double Beacon's EBITDA organically in five years by expanding margins over 500 bps.","Management and board own ~36% of QXO; executive equity compensation tied to TSR vs S&P 55th percentile.","Building products distribution TAM $800B, fragmented, with housing undersupply and infrastructure spending tailwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-063090","json":"https://secwatch.observer/filing/0001104659-25-063090.json","markdown":"https://secwatch.observer/filing/0001104659-25-063090.md","text":"https://secwatch.observer/filing/0001104659-25-063090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1236275/000110465925063090/0001104659-25-063090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1236275/000110465925063090/tm2519196d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T17:31:56.833568+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}