Beacon Insiders Recently Sold Shares Well Below Offer Price, Undermining Beacon’s Case Against QXOQXO Calls on Beacon Roofing to Let Shareholders Decide on QXO’s $124.25 All-Cash Offer GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today released a letter to Beacon Roofing Supply, Inc. shareholders regarding its $124.25 per share all-cash offer, addressing misrepresentations in Beacon’s recent 14D-9 filing. Dear Beacon Shareholders, We seek to set the record straight on some of th ...

GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (Nasdaq: BECN) that its Board of Directors has rejected QXO’s all-cash $124.25 per share offer. On January 27, 2025, QXO commenced a tender offer to purchase all outstanding shares of Beacon for $124.25 per share in cash, for an aggregate enterprise value of approximately $11 billion, representing a 37% premium to Beacon’s 90-day unaffe ...

Reaffirms Commitment to Acquiring Beacon for $124.25 per Share in Cash All-Cash Offer Provides Significant and Immediate Value to Beacon Shareholders GREENWICH, Conn., Jan. 28, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE: QXO) today commented on Beacon Roofing Supply, Inc.’s (Nasdaq: BECN) adoption of a shareholder rights plan, which takes immediate effect and is aimed at blocking QXO’s all-cash tender offer to acquire all outstanding shares of Beacon for $124.25 per share. “We launched our all-cash tender of ...

Offers Significant and Immediate Value to Beacon Shareholders with a 37% Premium above Beacon’s Unaffected 90-Day Share PriceGREENWICH, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced that it has made public a proposal to the Board of Directors of Beacon Roofing Supply, Inc. (Nasdaq: BECN) to acquire all outstanding shares of Beacon for $124.25 per share in cash. The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon’s 90-d ...

Company Listing Transfer - QXO Inc will transfer its common stock listing from Nasdaq to the New York Stock Exchange (NYSE) starting January 17, 2025 [1] - The company will retain its stock ticker symbol QXO during the transfer [1] - QXO's Chairman and CEO Brad Jacobs will ring the Opening Bell on the first day of NYSE trading [1] CEO Statement and Company Vision - CEO Brad Jacobs expressed confidence in NYSE listing, citing prior successful NYSE-listed companies he founded [2] - QXO aims to become a tech-forward leader in the $800 billion building products distribution industry [2] - The company targets tens of billions in annual revenue through acquisitions and organic growth over the next decade [2] Business Overview - QXO provides technology solutions primarily to manufacturing, distribution, and service sectors [2] - Services include consulting, professional services, specialized programming, training, and technical support [2] - The company develops proprietary software and acts as a value-added reseller for business application software [2] - Software solutions cover accounting, financial reporting, ERP, warehouse management, CRM, and business intelligence [2] Media and Investor Contacts - Media contact: Joe Checkler, 203-609-9650, joe.checkler@qxo.com [4] - Investor contact: Mark Manduca, 203-321-3889, mark.manduca@qxo.com [4]

The building products distribution industry is a massive market , estimated at roughly $800 billion in annual revenue across North America and Europe. For perspective, this is even bigger than the global semiconductor billings in 2024.I have been an active trader for more years than I can remember, During that time I have gained experience in investing in just about everything; commodities, stocks, options, and an occasional flutter with futures contracts. Fortunately, I have had some success, which has ena ...

Legal Investigation - Levi & Korsinsky has initiated an investigation into QXO (NASDAQ: QXO) regarding potential breaches of fiduciary duty [1] - Shareholders who have held QXO shares since at least July 30, 2024, and currently hold shares can obtain additional information or contact Joseph E Levi, Esq [1] Law Firm Background - Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D C [2] - The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud and have recovered hundreds of millions of dollars for aggrieved shareholders [2] Contact Information - Levi & Korsinsky, LLP is located at 33 Whitehall Street, 17th Floor, New York, NY 10004 [3] - Contact Joseph E Levi, Esq via email at [email protected] or by telephone at (212) 363-7500 [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ Emerging Growth Company o FORM 10-Q ____________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38063 QXO, INC. (Exact name of registrant as specified in its charter) Delaware ( ...

Exhibit 99.1 Three Months Ended Nine Months Ended QXO Reports Third Quarter 2024 Results GREENWICH, Conn. — November 13, 2024 — QXO, Inc. (Nasdaq: QXO) today announced its financial results for the third quarter 2024. The company reported a loss of $0.01 per basic and diluted share attributable to common shareholders. THIRD QUARTER 2024 SUMMARY RESULTS (in thousands) September 30, 2024 September 30, 2023 Percent ChangeSeptember 30, 2024 September 30, 2023 Percent Change | --- | --- | --- | --- | --- | --- | ...