$QXO · QXO, Inc.
QXO filed an 8-K (Item 2.02) reporting Q3 FY2026 results. Net sales rose to $4.895B from $2.728B a year earlier, driven by the TopBuild ($1.64B) and Kodiak ($589M) acquisitions. GAAP net loss was $123M ($(0.17)/share) versus $139M a year ago; adjusted diluted EPS was $0.13, and adjusted EBITDA was $557M. The board authorized a $500M common share repurchase program with no expiration date.
- Net sales $4.895B in Q3 FY2026, up from $2.728B a year earlier.
- GAAP net loss $123M ($(0.17)/share) vs $139M loss a year ago.
- Adjusted EBITDA $557M vs $301M; adjusted diluted EPS $0.13 vs $0.14.
- Board authorized a $500M common share repurchase program with no expiration date.
- Company targets $4B adjusted EBITDA by 2030 and $50B annual revenue within the decade.
Extended-hours last trade $13.00, +1.48% vs regular close and +1.56% vs price-at-filing, suggesting a mildly positive after-hours reaction despite the -7.24% regular-session decline.
QXO's first full quarter combining TopBuild and Kodiak shows sharply higher revenue but persistent GAAP losses, offset by a new $500M buyback and ambitious long-term targets.
QXO is consolidating building-products distribution via serial acquisitions (Beacon, Kodiak, TopBuild), positioning as the largest North American insulation distributor in an $800B market.
Goodwill and intangibles now total $25.3B of $34.5B assets, exposing results to impairment risk; integration of three large acquisitions and heavy debt from those deals remain key risks.