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GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company's procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of internationa...
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today announced that Eric Nelson has been appointed chief information officer, effective July 14. Nelson will execute the company's IT roadmap as QXO becomes the tech-enabled leader in the $800 billion building products distribution industry. Nelson joins QXO from The Kraft Heinz Company, where he spent a decade in senior technology roles...
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced the pricing of its previously announced public offering of 89,887,640 shares of its common stock (the “Offering”) at a price to public of $22.25 per share. The Offering is expected to close on June 26, 2025, subject to customary closing conditions. QXO has granted the underwriters of the Offering a...
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced it intends to make an offering of $2 billion of shares of its common stock (the “Offering”). QXO's common stock is listed on the New York Stock Exchange under the symbol “QXO.” QXO intends to grant the underwriters of the Offering an option to purchase up to an additional $300 million of shares of ...
I upgrade GMS to 'Hold' as QXO's acquisition offer and reasonable valuation provide a floor, despite ongoing end-market challenges. Wallboard and Ceiling segments show signs of stabilization, but Steel Framing and commercial markets remain weak amid high rates and policy uncertainty. Cost reductions and steady pricing support margin recovery, yet cash flow remains pressured and EBITDA growth is...
Shares of GMS have surged 29% following billionaire Brad Jacobs' QXO proposal to acquire the building-products distributor for about $5 billion in cash. Jacobs, who aims to grow QXO into a $50 billion revenue company within ten years, warned he is ready to pursue a hostile takeover if GMS's board rejects the offer by June 24.
Home Depot looks set to compete with QXO to acquire building-products distributor GMS.
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