Latest news with #QXOInc
Bloomberg
13 hours ago
- Business
- Bloomberg
Home Depot Seeks to Buy GMS in Challenge to QXO Bid, WSJ Says
Home Depot Inc. has made an offer for GMS Inc., potentially setting off a bidding war with QXO Inc. which this week made a $5 billion offer for the building-products distributor, the Wall Street Journal reported Thursday. The offer from Home Depot, the world's largest home-improvement retailer, is for an undetermined sum, the Journal said, citing people with knowledge of the matter.
Yahoo
17 hours ago
- Business
- Yahoo
QXO (QXO) Bullish Rating Propels Stock by 11.66%
We recently published a list of These 10 Stocks Boast Double-Digit Gains Amid Boring Market. QXO Inc. (NYSE:QXO) is one of the best-performing stocks on Thursday. QXO extended its winning streak to a third consecutive day on Wednesday, jumping 11.66 percent to finish at $22.50 apiece as investor sentiment was buoyed by an investment firm's bullish rating for its stock. In its first coverage of QXO Inc. (NYSE:QXO), investment firm William Blair & Company gave an 'outperform' rating on its stock with a target range between $27 and $44. The price target gives QXO Inc.'s (NYSE:QXO) stock as much as 95-percent upside from its latest closing price. According to William Blair, QXO Inc. (NYSE:QXO) has the potential to become a major player in the $800-billion building products distribution industry. The analyst rating followed the company's acquisition of Beacon Building Products for $11 billion, making it the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States. dcwcreations/ William Blair expects QXO Inc. (NYSE:QXO) to pursue another large acquisition as part of its 'big game hunting' strategy, and propel its revenues to $50 billion in revenue in the next decade. While we acknowledge the potential of QXO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
QXO targets $50 billion in annual revenue, plans to double Beacon EBITDA
-- QXO Inc (NYSE:QXO), which recently completed its $11 billion acquisition of Beacon Roofing Supply (NASDAQ:BECN), outlined its ambitious growth strategy on Tuesday. CEO Brad Jacobs, the company's driving force, announced plans to transform QXO into a tech-enabled leader in the $800 billion building products distribution industry, aiming for $50 billion in annual revenue over the next decade. During a presentation in New York, Jacobs detailed seven core themes that will underpin the company's strategy. These include delivering exceptional shareholder value by building a profitable $50 billion revenue business, leveraging the substantial total addressable market with durable demand drivers, and applying a disciplined approach to mergers and acquisitions (M&A). QXO plans to at least double Beacon's legacy EBITDA organically and pursue further growth through acquisitions in existing and adjacent verticals. QXO's business strategy is focused on consolidating the highly fragmented building products distribution industry. The company intends to apply the same successful playbook used in previous ventures, such as United Waste, United Rentals (NYSE:URI), and XPO, to drive organic growth and expand margins. This approach has historically generated significant free cash flow, which QXO plans to reinvest in continued M&A activities. The selection of the building products distribution industry is based on its strong fundamentals, including secular tailwinds from the undersupplied U.S. housing market and substantial infrastructure investment. Jacobs highlighted the resilience of Beacon, a leading national platform in exterior building products, which has demonstrated robust performance through economic cycles and is poised to serve as a launchpad for QXO's ambitious revenue goals. QXO's plan to double Beacon's EBITDA organically within five years involves nine major workstreams, including organizational optimization, talent emphasis, procurement, inventory management, and technology enhancements. The early integration efforts following the acquisition of Beacon have already shown promising results, with initiatives in sales, pricing, and procurement delivering early revenue and EBITDA improvements. The company's leadership team, which brings a wealth of expertise across various skill sets, is deeply engaged in executing this strategy. Additionally, QXO has established a compensation structure that closely aligns the interests of its management with shareholder value, with significant equity stakes held by the CEO and senior leaders, and performance-based incentives tied to exceeding the S&P 500's 55th percentile. In conclusion, Jacobs expressed confidence in QXO's strategy to become a global leader in tech-enabled building products distribution, with the acquisition of Beacon marking a strategic first step towards achieving the company's long-term financial goals. Related articles QXO targets $50 billion in annual revenue, plans to double Beacon EBITDA Elon Musk says Tesla is already back Deutsche Bank cuts Chubb rating on 'slowing growth and peaking margins' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
