QXO posts 2Q sales of $3.25B as net loss narrows. Building materials distributor QXO's second-quarter sales reached $3.25 billion, including $595 million from newly acquired Kodiak Building Partners. Building materials distributor QXO reported its 2026 second-quarter financial results on Aug. 13 for April-June. The Greenwich, CT-based distributor posted 2Q total sales of $3.25 billion, including $595 million attributable to Kodiak Building Partners, which was acquired on April 1. QXO logged a net loss of $55 million for the quarter, narrowing from $59 million a year earlier. By lines of business, residential roofing products sales totaled $1.27 billion (up from $930 million year-over-year); non-res roofing sales were $736 million (up from $536 million); and complementary products totaled $1.23 billion ($426 million). Software products and services contributed $15 million. QXO posted 2Q gross profit of $803 million, up from $401 million a year earlier, with gross margin of 24.7% compared with 21.1%. On an adjusted basis, gross margin decreased to 24.7% from 25.3%. Adjusted EBITDA increased to $272 million from $204 million year-over-year, while adjusted EBITDA margin decreased to 8.4% from 10.7%. QXO also reported adjusted net income of $130 million, up from $109 million. "Our second-quarter results reflect current market conditions and the progress we are making across the company," QXO Chairman and CEO Brad Jacobs said in the company's Aug. 13 earnings results. "We have begun upgrading technology across the company to deliver best-in-class customer service and meaningful financial growth. Following the completion of the TopBuild acquisition on July 1, QXO is the second-largest publicly traded building products distributor in North America, with greater scale and a broader presence at customers' job sites. We are focused on our plan to more than double EBITDA by 2030 and reach $50 billion in revenue within the decade." Recommended Reading

QXO Completes Acquisition of TopBuild. July 1, 2026 QXO, Inc. announced on July 1, 2026, that it closed its previously disclosed acquisition of TopBuild Corp., a company specializing in the distribution and installation of insulation and other building materials. QXO now leads in several building product categories in North America, such as insulation and waterproofing materials. Alec Covington, TopBuild's former Chairman, joined QXO's Board of Directors, effective immediately. Mr. Covington replaces Jared Kushner, who has resigned from the Board of Directors to focus on other commitments. Brad Jacobs, Chairman and Chief Executive Officer of QXO, said, "By acquiring TopBuild, we're broadening our product offering, adding installation capabilities, and expanding our exposure to fast-growing end markets like data centers." QR

It takes a village! Berkeley Habitat teams up with Big Bear Roofing, GAF, and QXO to impact Huger homeowner. Habitat for Humanity of Berkeley County - June 1, 2026 A lifelong Huger home and a homeowner's story. Ms. Bertha is a lifelong resident of Huger who has called her home her own for more than 45 years. Growing up in the community she still lives in today, her home has been a place of stability, memories, and deep personal meaning. Over time, however, her aging roof began creating ongoing challenges that threatened the safety and longevity of her home. Like many longtime homeowners, the cost of major repairs placed those needs out of reach - until the community stepped in. Coming together to protect what matters most. On Thursday, May 14, Habitat for Humanity of Berkeley County partnered with Big Bear Roofing, the GAF Community Matters Program, and QXO to complete a critical home repair for Ms. Bertha. Through this collaborative effort, Ms. Bertha received a brand-new roof - helping ensure she can remain safe, secure, and protected in her home for years to come. The project reflects the power of partnerships that blend local expertise with national support, all focused on strengthening communities through safe and affordable housing. "This project truly reflects what 'community matters' means," said George Druyos, President and CEO of Berkeley Habitat. "By working together, we're able to make a lasting difference for Ms. Bertha and help preserve the home she has cherished for decades." Partners making an impact. This home repair was made possible through the dedication and generosity of committed partners: * Big Bear Roofing led the roof installation, donating skilled labor and project management * GAF, through its Community Matters initiative, provided materials and resources to support resilient housing * QXO contributed additional support, reinforcing a shared commitment to community investment Together, these partners demonstrated what's possible when neighbors, businesses, and nonprofits unite around a common goal - helping homeowners remain safely housed and preserving the places that matter most. At Berkeley Habitat, Berkeleyhabitat is grateful for partners who believe in the power of collaboration and in the importance of strengthening its local communities, one home at a time. For more information on getting involved in helping serve its community of Berkeley County, visit berkeleyhabitat.org/volunteer.