Jared C. Kushner
appointed Jared C. Kushner to the Board, effective the same day.
Highest-materiality recent filing
QXO subsidiary prices $3B senior notes to fund TopBuild acquisition
Issuer priced $1.5B of 6.500% notes due 2031 and $1.5B of 6.875% notes due 2034 at par.
QXO proposes $3B senior notes offering to fund TopBuild acquisition
Offering $1.5B in 2031 Senior Notes and $1.5B in 2034 Senior Notes by QXO Building Products, Inc.
QXO begins tender offers for TopBuild's $1.25B notes; early price $1,011.25 per $1K
Commences tender offers for TopBuild's $500M 4.125% notes due 2032 and $750M 5.625% notes due 2034.
QXO files Kodiak FY2025 audited financials; revenue $2.34B, net income $69.5M
Kodiak FY2025 revenue $2.34B, operating income $123.8M, net income $69.5M (incl. $70.1M from discontinued ops).
QXO Q1 revenue $1.73B vs $13.5M year ago; net loss $227.1M
Net sales $1,730.2M (Q1 2026) vs $13.5M (Q1 2025); net loss $227.1M vs income $8.8M.
TopBuild's ~22,000 daily job site visits provide real-time intelligence for cross-selling and procurement optimization.
QXO, Inc. Announces Results of 2026 Annual Meeting of Stockholders
Stockholders elected seven directors, including Brad Jacobs (697M votes for) and Jared Kushner (694M for), to serve until 2027 annual meeting.
QXO files prospectus supplement for resale of up to 95.9M common shares by selling stockholders
Prospectus supplement covers resale of 95,876,547 common shares: 13,066,710 outstanding and 82,809,837 issuable upon conversion of Series C Preferred Stock.
QXO to acquire TopBuild for ~$17B in cash/stock, creating #2 building products distributor
QXO to acquire TopBuild for ~$17B; each TopBuild share gets $505 cash or 20.2 QXO shares (45% cash/55% stock mix).
QXO closes $2.25B acquisition of Kodiak Building Partners; expects accretive 2026
Acquired Kodiak from Court Square Capital Partners for ~$2.25B: $2B cash plus 13.16M shares of QXO common stock.
QXO CAO Sean Smith resigns; Robert Loughran named interim CAO
Sean Smith resigned as Chief Accounting Officer effective March 15, 2026; will serve as advisor through June 30, 2026.
QXO reports Q4 GAAP loss of $0.17/share; Adjusted EPS $0.02; full year Adjusted EPS $0.34
GAAP basic/diluted loss per share $(0.17) in Q4 and $(0.63) for full year 2025; adjusted diluted EPS $0.02 and $0.34 respectively.
QXO to acquire Kodiak Building Partners for $2.25B in cash and stock
Purchase price: $2.0B cash + 13.2M QXO shares (repurchasable at $40/share).
QXO prices public offering of 31.6M shares at $23.80/share, expected net proceeds ~$750M
QXO to sell 31,645,570 shares at $23.80 each; net proceeds ~$750M (or ~$862.5M if over-allotment exercised).
Preliminary Q4 2025 net sales of approximately $2.19 billion; adjusted EBITDA of approximately $150 million.
QXO announces $750M common stock offering; underwriter option for $112.5M
Offering of $750M in common stock; underwriter option for additional $112.5M at public offering price less discounts.
QXO upsizes convertible preferred equity placement to $3B led by Apollo and Temasek
QXO raises $3B total commitment via Series C Convertible Perpetual Preferred Stock, up from $1.2B.
QXO secures $1.145B convertible preferred investment from Apollo for acquisitions
Apollo and other investors commit up to $1.145B for new Series C convertible perpetual preferred stock at $10,000/share.
QXO Q3 net sales surge to $2.73B from $13.1M; adjusted diluted EPS $0.14
Net sales of $2,728.3M vs $13.1M in Q3 2024, reflecting major business transformation.
QXO cuts margin on $850M term loan B by 100bps to 2.00%+SOFR via amendment
Applicable margin on $850M senior secured term loan B reduced from 3.00% to 2.00% for term SOFR borrowings effective Nov 5, 2025.
QXO launches Term Loan B refinancing; preliminary Q3 net sales $2.73B, GAAP net loss $139M
Refinancing of Term Loan B launched, subject to market and other conditions; no assurances of consummation.
QXO CEO details 15-point transformation plan post-Beacon, targeting $50B revenue
Flattened org from 9 to 4 layers; removed ~250 mid-senior roles, added frontline sales and tech.
QXO Q2 net sales surge to $1.9B from $14.5M; net loss $58.5M; adj. EPS $0.11
Net sales $1,906.4M vs $14.5M a year ago on acquisition-driven growth; net loss $(58.5)M vs $(0.6)M.
QXO prices 89.9M share offering at $22.25/share; expects net proceeds ~$1.98B
Offering of 89,887,640 shares at $22.25/share; underwriters have option to purchase up to 13,483,146 additional shares.
QXO targets $50B revenue, offers $5B for GMS, aims to double Beacon EBITDA
Goal to reach $50B annual revenue within decade via M&A and organic growth; Beacon acquisition provides platform.
QXO announces $2B common stock offering; underwriters may purchase $300M additional shares
Offering of $2 billion in common stock; underwriters granted option to buy up to $300M more at public offering price less discounts.
QXO proposes to acquire GMS for $95.20/share cash, ~$5B total
Proposal price $95.20/share cash, 27% premium to GMS's 60-day VWAP of $74.82.
QXO registers 67.5M shares for resale by selling stockholders
Filed prospectus supplement covering resale of 67,528,459 shares of common stock.
QXO raises $557.6M via 5.50% Series B Mandatory Convertible Preferred Offering
Issued 10M depositary shares at $50 each, each representing 1/20 interest in a 5.50% Series B Mandatory Convertible Preferred share.
QXO prices $1.3B upsized concurrent offerings of common stock and mandatory convertible preferred
Sold 48.4M common shares at $16.50/share via underwritten offering; gross proceeds $800M.
QXO outlines $50B revenue plan, aims to double Beacon EBITDA in 5 years
Targets $50B annual revenue within a decade via M&A and organic growth in $800B building products TAM.
QXO completes Beacon acquisition, announces $1B equity offering to repay debt
Completed acquisition of Beacon (now QXO Building Products) on April 29, 2025, at $124.35 per share.
QXO launches $1.0B concurrent common stock and mandatory convertible preferred offerings
Gross proceeds of $1.0B from concurrent offerings of common stock and depositary shares (Series B Mandatory Convertible Preferred).
QXO stockholders elect seven directors, ratify auditor, approve say-on-pay
All seven director nominees elected; votes in favor ranged from 479.4M to 482.4M.
QXO posts Q1 2025 EPS loss of $0.03; revenue down 6.4% to $13.5M
GAAP loss of $0.03 per share attributable to common shareholders; net income of $8.755M vs $0.138M prior year.
QXO completes $11B acquisition of Beacon Roofing Supply for $124.35/share
QXO acquired Beacon Roofing Supply for $124.35 per share, total equity value ~$11B.
QXO subsidiary prices $2.25B 6.75% senior secured notes due 2032, upsized from $2B
Queen MergerCo priced $2.25 billion of 6.75% Senior Secured Notes due 2032 at par.
QXO prices 37.7M share offering at $13.25/sh for ~$490M net to fund Beacon acquisition
Underwriting agreement for 37,735,850 shares at $13.25/sh; underwriters have option for 5,660,377 additional shares.
QXO subsidiary announces $2B senior secured notes offering to fund Beacon acquisition
Queen MergerCo proposes $2,000M Senior Secured Notes due 2032 in private offering.
QXO announces $500M common stock offering to fund Beacon acquisition
Offering size: $500M of common stock, with underwriter option for additional $75M.
QXO expects Beacon acquisition to close by end of April; files Beacon audited FY2024 financials
Acquisition expected to close at or near end of April 2025, subject to majority of Beacon shares tendered and other closing conditions.
QXO dismisses Marcum, appoints Deloitte & Touche as auditor for FY 2025
Marcum's reports on FY2024 and FY2023 financials were unqualified; no adverse opinions.
QXO to acquire Beacon Roofing Supply for $124.35/share cash, ~$11B enterprise value
Offer price $124.35/sh cash, up from $124.25; enterprise value ~$11B including debt.
QXO raises $830M in private placement contingent on Beacon Roofing tender offer
Approximately 67.5M shares sold at $12.30/share; gross proceeds $830M.
QXO reports Q4 2024 EPS loss of $(0.02); adjusted EBITDA turns negative
Q4 net income $11.3M vs $0.4M; EPS loss $(0.02) per basic/diluted share attributable to common.
QXO proposes to acquire Beacon Roofing Supply for $124.25/share ($11B) all cash
Offer of $124.25/share cash, a 37% premium to Beacon's 90-day unaffected VWAP of $91.02.
QXO to transfer stock listing from Nasdaq to NYSE; trading starts Jan 17
Voluntary transfer of common stock listing from Nasdaq to NYSE; ticker symbol remains QXO.
QXO stockholders elect all director nominees, ratify auditor, approve say-on-pay at annual meeting
All seven director nominees (Jacobs, Aiken, Colucci, Harik, Kissel, Kushner, Landry) elected with >99% votes for.
QXO reports Q3 net income of $17.1M (EPS -$0.01) vs prior-year loss; adj. EBITDA -$11.5M
Revenue $13.2M, down 2.0% YoY from $13.4M; software product revenue up 6.2% to $3.0M.
QXO Q2 revenue up 9.6% YoY to $14.54M but posts net loss $591K; cash rises to ~$5B after placements
Net loss $591K vs income $344K YoY; diluted EPS loss $9.93.
appointed Jared C. Kushner to the Board, effective the same day.
On July 15, 2024, the Company formally appointed Mr. Essaid (age 57) the Chief Financial Officer of the Company, and Mr. Essaid began his employment as Chief Financial Officer with the Company.
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
Mr. Jacobs was elected as the Chairman of the Board effective upon the closing of the Equity Investment.
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
the Board appointed each of the JPE designees as directors of the Company, effective immediately following the closing of the Equity Investment: Brad Jacobs, Jason Aiken, Marlene Colucci, Mario Harik, Mary Kissel and Allison Landry.
Mark Meller, Kenneth Edwards, Stanley Wunderlich and John Schachtel resigned from the Board
Max materiality 1.00 · Median 0.75 · Most common event other_material