QXO Inc Stock Price, News & Analysis

QXO (NYSE:QXO) has appointed Michael DeWitt as Chief Procurement Officer to lead the company's procurement transformation. DeWitt joins from Walmart International, where he managed $10 billion in purchasing across 18 countries as VP of international spend management. With nearly three decades of experience, DeWitt previously served as CPO at Highmark Health, managing $8 billion in spend.

The appointment aligns with QXO's strategy to become the tech-enabled leader in the $800 billion building products distribution industry. At Walmart, DeWitt implemented AI-powered sourcing tools and autonomous negotiation systems, more than doubling annual savings in three years.

QXO (NYSE:QXO) has appointed Eric Nelson as Chief Information Officer, effective July 14, 2025. Nelson joins from The Kraft Heinz Company, where he held senior technology roles for a decade. He will lead QXO's IT transformation as the company aims to become a tech-enabled leader in the $800 billion building products distribution industry.

Nelson brings significant experience in leading technology operations, having managed IT strategy for corporate functions at Kraft Heinz including supply chain, R&D, and finance. His expertise spans data analytics, machine learning operations, digital product development, and enterprise cloud migrations. He previously held technology leadership positions at Kraft Foods Group and Cadbury plc.

QXO (NYSE: QXO) has announced the pricing of its public offering of 89,887,640 shares of common stock at $22.25 per share. The offering is expected to close on June 26, 2025. The underwriters have an option to purchase an additional 13,483,146 shares at the same price.

The company plans to use the net proceeds for general corporate purposes, including potential future business acquisitions. Goldman Sachs, Morgan Stanley, and Wells Fargo Securities are serving as the offering's underwriters.

QXO (NYSE: QXO) has announced plans for a significant common stock offering of $2 billion, with an additional option for underwriters to purchase up to $300 million in shares. The company intends to use the proceeds for general corporate purposes, including potential future business acquisitions.

The offering will be managed by prominent underwriters including Goldman Sachs, Morgan Stanley, and Wells Fargo Securities. The offering will be conducted through a prospectus supplement under QXO's effective registration statement on Form S-3ASR filed with the SEC.

QXO Inc. (NYSE: QXO) has proposed to acquire GMS Inc. (NYSE: GMS) for $95.20 per share in an all-cash transaction valued at approximately $5 billion. The offer represents a 27% premium over GMS's 60-day volume-weighted average price of $74.82. QXO's proposal highlights GMS's underperformance, including a 4.0% annual EBITDA decline over three years, missed earnings estimates, and deteriorating business metrics. The offer price represents significant premiums: 29% to GMS's May 22 stock price, 19% to analyst price targets, and 2.9x premium to GMS's historical EV/EBITDA multiple. QXO, backed by Goldman Sachs and Morgan Stanley, expects to close the deal by August 2025 and aims to become a leader in the $800 billion building products distribution industry with a target of $50 billion in annual revenues within the next decade.

QXO has named Rachel Narveson, Founder and CEO of Proficient Construction, as the 2025 North American Female Roofing Professional of the Year. Narveson, who leads her Lake Elmo, MN-based company, won a nationwide public vote against four other finalists. Her company ranks in the top 3% of Minnesota contractors with a BuildZoom score of 113. The award includes a $10,000 prize, free access to the Leap platform, National Women in Roofing membership, and a ticket to NWIR Days 2026. The program, in its fifth year, received over 1,000 nominations across the US and Canada. Four other finalists from Florida, Maine, Illinois, and Texas will receive professional development funding. Narveson's 20+ years of industry experience and commitment to social causes, including supporting anti-trafficking organization Renew Hope, distinguished her candidacy.

QXO has named Rachel Narveson, Founder and CEO of Proficient Construction, as the 2025 North American Female Roofing Professional of the Year. Narveson, who leads her Lake Elmo, MN-based company, was selected through a nationwide public vote among five finalists. Her company ranks in the top 3% of Minnesota contractors with a BuildZoom score of 113. The award includes a $10,000 prize, free access to the Leap platform, National Women in Roofing membership, and a ticket to NWIR Days 2026. The program, in its fifth year, received over 1,000 nominations across the US and Canada. Four other finalists from Florida, Maine, Illinois, and Texas will receive professional development funding. Narveson's selection recognizes her 20+ years of industry leadership, commitment to excellence, and social impact through supporting organizations like Renew Hope.

Roofr, a business platform for roofing professionals, has announced a strategic integration with QXO (NYSE: QXO), North America's largest publicly traded roofing products distributor. The partnership connects QXO.com with Roofr CRM, providing contractors real-time material pricing and integrated ordering capabilities. Key features include live pricing based on individual contracts, streamlined proposal creation, and real-time product availability checking. The integration aims to reduce manual data entry, prevent underquoting, and improve scheduling efficiency. QXO has ambitious plans to become a tech-enabled leader in the $800 billion building products distribution industry, targeting $50 billion in annual revenue within the next decade.

QXO (NYSE: QXO) has announced the five finalists for its 2025 North American Female Roofing Professional of the Year program. Selected from over 1,000 nominations across the US and Canada, the finalists include Elizabeth Evans (E2 Roofing), Stacey Lytton (Horch Roofing), Rachel Narveson (Proficient Construction), Sarah Sutton-Shouse (Raincoat Roofing), and Skye Williams (Samurai Roofing Services).

Public voting is open from May 27 through June 10, 2025, at go.qxo.com/femaleroofpro. The finalists will receive professional development funding, with the grand prize winner receiving $10,000. The winner will be announced on June 18, 2025. Now in its fifth year, the program celebrates women's contributions to the roofing industry through innovation, mentorship, safety, and excellence.