QXO Q3 profit matches estimates as board approves $500 million buyback
Adjusted earnings of 13 cents per share and revenue of $4.90 billion were in line with consensus estimates, and the board authorized a $500 million share buyback.
Key takeaways
- QXO (QXO) reported third-quarter 2026 adjusted earnings of 13 cents per share, in line with the consensus estimate, and revenue of $4.90 billion. The board authorized a $500 million common share repurchase program with no expiration date. Net loss was $123 million.
QXO reported adjusted earnings of 13 cents per share for the third quarter of 2026, in line with estimates.
Revenue was in line with the $4.91 billion estimate.
Shares rose 2.2% after hours at 5:17 p.m. ET, from a $12.81 close.
GAAP net loss was $123 million, or 17 cents per share, versus $139 million a year earlier.
Here's how the company did:
- Revenue: $4.90 billion vs. $2.73 billion a year earlier
- Adjusted EPS: 13 cents vs. 13 cents expected
- Adjusted EBITDA: $557 million vs. $301 million a year earlier
Results include Kodiak Building Partners from April 1, 2026, and TopBuild from July 1, 2026. TopBuild contributed $1.64 billion of net sales and Kodiak $589 million.
Companywide pricing rose 2.2% year over year. Organic daily revenue trends improved for a second consecutive quarter.
Chairman and CEO Brad Jacobs said: "We're also improving our purchasing terms and applying successful operating practices from individual businesses across QXO."
The board authorized a $500 million share repurchase program with no expiration date, executed at management's discretion.
The company targets $4 billion in adjusted EBITDA by 2030 from businesses it already owns, and $50 billion in annual revenue within the decade through organic growth and acquisitions.