Jeld-Wen (NYSE:JELD) Q4 2025 Earnings call February 18, 2026 08:00 AM ET Company ParticipantsBill Christensen - CEOJames Armstrong - VP of Investor RelationsSamantha Stoddard - CFOConference Call ParticipantsSusan Maklari - Senior Equity Research AnalystOperatorLadies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to the JELD-WEN's fourth quarter and full year 2025 earnings conference call. All lines have b ...

Core Insights - QXO has successfully completed its second acquisition by purchasing Kodiak, a national distributor of essential building products, which has led to a significant increase in its stock price by 16.61% to $27.07 [1][2] Acquisition Details - The acquisition of Kodiak is valued at $2 billion in cash and 13.2 million QXO shares, with the total transaction size estimated at $2.25 billion, potentially rising to $2.35 billion due to stock price increases [2] - Kodiak operates 110 locations across 26 states, employing approximately 5,500 people and serving over 10,000 customers [3] Strategic Focus - QXO's strategy is centered around consolidating a fragmented building products industry, leveraging efficient logistics as a key component of its business model [4] - The company has raised significant capital through preferred share offerings, totaling $3 billion, to facilitate future acquisitions [5] Future Outlook - Analysts suggest that QXO's next acquisition target is likely to be a non-public asset with a focus on residential housing [7]

Group 1 - QXO has announced the acquisition of Kodiak Building Partners for a total of $2.25 billion, consisting of $2 billion in cash and the remainder in common stock [3] - Kodiak generated approximately $2.4 billion in revenue in 2025, offering a range of products including lumber, trusses, windows, and doors [3] - The acquisition aligns with QXO's strategy to leverage a recent $3 billion capital raise aimed at funding qualifying acquisitions by July 15, 2026 [2] Group 2 - QXO's stock price increased by as much as 12.5% following the acquisition announcement, reaching a 52-week high [1][4] - The North American building products distribution industry is valued at $800 billion, positioning QXO as a tech-enabled disruptor in this market [2] - The timing of the acquisition may benefit QXO significantly if there is a rebound in the North American construction market [4]