Building products distributor QXO's Q1 revenue slightly misses expectations amid industry softness

QXO

12/05/2026 21:25

Overview

Firm's Q1 revenue slightly missed analyst expectations

Adjusted diluted loss per share for Q1 was $0.12

Company completed $2.25 bln Kodiak acquisition, announced $17 bln TopBuild deal

Outlook

QXO targets $50 bln in annual revenue within a decade through acquisitions and organic growth

Company expects TopBuild acquisition to close in the third quarter of 2026

QXO says softness in the building products industry is impacting current market conditions

Result Drivers

INDUSTRY SOFTNESS - Co said Q1 results reflect softness in the building products industry

INTEGRATION AND INVESTMENT - Co said it is executing its integration plan for the legacy Beacon business, supported by investments in technology, sales capacity, and other long-term initiatives

Company press release: ID:nBwP9xG1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$1.73 bln
$1.74 bln (11 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for QXO Inc is $30.50, about 65.4% above its May 11 closing price of $18.44

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 59 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)