Building products distributor QXO's Q2 revenue beats on Kodiak acquisition boost

QXO

13/08/2026 21:25

Overview
US building products distributor's Q2 revenue rose and beat analyst expectations
Adjusted diluted EPS for Q2 was $0.08, down from $0.11 a year ago
Company reported Q2 net loss of $55 mln, citing market conditions and tech upgrades

Outlook
QXO targets $50 bln in annual revenue within the decade
Company aims to more than double EBITDA by 2030
QXO says technology upgrades and recent acquisitions expected to support future growth

Result Drivers
KODIAK ACQUISITION - Q2 net sales included $595 mln from Kodiak Building Partners, acquired April 1
TECHNOLOGY UPGRADES - Co cited ongoing technology upgrades and transformation initiatives as a focus during the quarter

Company press release: ID:nBw2DtjDja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$3.25 bln
$3.20 bln (12 Analysts)
Q2 Net Loss
 
$55 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "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 $27.00, about 79.6% above its August 12 closing price of $15.03
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 43 three months ago

Reuters Recommended Reads
Aug 13 - Applied Industrial Q4 sales, profit beat on Engineered Solutions strength
Aug 12 - Resideo Q2 adjusted EPS beats estimates on record revenue, margin gains
Aug 12 - Home Depot CEO to take temporary medical leave for a few months

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.)