QXO (QXO) AGM 2026 summary
Event summary combining transcript, slides, and related documents.
AGM 2026 summary
20 May, 2026Opening remarks and agenda
Welcomed attendees to the virtual 26th Annual Meeting and introduced the board of directors.
Outlined the meeting agenda and rules, with procedures posted on the meeting website.
Strategic initiatives and plans
Completed the acquisition of Beacon Roofing Supply, becoming the largest publicly traded distributor of roofing and related products in North America.
Acquired Kodiak Building Partners for $2.25 billion and announced a $17 billion acquisition of TopBuild.
Upon closing the TopBuild deal, will become the second largest publicly traded building products distributor in North America.
Set a goal of reaching $50 billion in revenue through M&A, organic growth, and technology.
Board and executive committee updates
All seven current directors nominated for re-election to serve until the 2027 Annual Meeting.
No other nominations were received as required under the bylaws.
Latest events from QXO
- Sales and adjusted EBITDA rose as acquisitions and integration drive ambitious growth targets.QXO
Q3 2026 - Preliminary Q3 growth and a $4bn 2030 EBITDA target accompany Jacobs’ $1bn CKX investment.QXO
Investor update - Q2 2026 net sales hit $3.25B, gross margin 24.7%, and integration risks persist.QXO
Q2 2026 - Share issuance and charter amendment proposals passed, enabling the Titanium merger.QXO
EGM 2026 - Q1 2026 saw $1.73B sales and a $227M net loss, driven by acquisitions and integration costs.QXO
Q1 2026 - QXO's $17B TopBuild acquisition creates a diversified, high-margin industry leader with major growth potential.QXO
Acquisition presentation - Virtual annual meeting to vote on directors, auditor, and executive pay, all board-backed.QXO
Proxy filing - Director elections, auditor ratification, and executive pay are central to this year's proxy.QXO
Proxy filing - 2025 results show transformative growth from acquisitions, with strong outlook post-Kodiak deal.QXO
Q4 2025