QXO shares rise 4.9% premarket after preliminary Q3 sales jump 79%
QXO shares rose 4.9% premarket after preliminary third-quarter net sales of about $4.90 billion were in line with the $4.89 billion consensus estimate.
Key takeaways
- QXO, Inc. (QXO) reported preliminary third-quarter net sales of about $4.90 billion, up 79% from a year earlier, in line with the $4.89 billion consensus estimate. Shares rose 4.9% premarket. Adjusted EBITDA was about $557 million, up 85%. Full third-quarter results are due Nov. 12.
QXO (QXO) shares rose 4.9% premarket at 7:05 a.m. ET, from an $11.56 close.
QXO (QXO) posted preliminary net sales of about $4.90 billion for the third quarter of 2026, up 79% from $2.73 billion a year earlier, in line with the $4.89 billion consensus.
Here's how the company did:
- Net sales: about $4.90 billion vs. $2.73 billion a year earlier
- GAAP net loss: about $123 million vs. $139 million a year earlier
- Adjusted EBITDA: about $557 million vs. $301 million a year earlier
Adjusted EBITDA rose 85%. Results include Kodiak Building Partners, Inc. from April 1, 2026, and TopBuild Corp. from July 1, 2026, the acquisition dates; neither was in the year-earlier quarter.
Transaction costs were $40 million, up from $4 million, transformation costs $28 million, up from $23 million, and restructuring costs $9 million, versus $8 million.
Figures are preliminary and unaudited and may change. Full third-quarter results come Nov. 12.