News & Videos - QXO INC.

GREENWICH, Conn., Nov. 13, 2024 (GLOBE NEWSWIRE) -- 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 Three Months Ended Nine Months Ended September 30, September 30, Percent September 30, September 30, Percent (in thousands) 2024 2023 Change 2024 2023 Change Revenue: Software product, net $ 3,028 $ 2,850 6.2 % $ 10,284 $...

GREENWICH, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced that Ashwin Rao has been appointed chief artificial intelligence officer, effective immediately. He will serve as the company’s principal AI architect, as QXO becomes a leader in the $800 billion building products distribution industry. Brad Jacobs, chairman and chief executive officer of QXO, said, “Artificial intelligence will permeate everything we do at QXO, including demand forecasting, inventory...

GREENWICH, Conn., Aug. 14, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) today announced its second quarter results for the three and six months ended June 30, 2024. Financial Highlights for the Three Months Ended June 30, 2024, Compared with the Three Months Ended June 30, 2023: Total revenue was $14.54 million, compared with $13.26 million. Software product revenue was $3.78 million, compared with $3.30 million. Service and other revenue was $10.76 million, compared with $9.96 million. Net...

Closes Previously Announced $3.5 Billion Private Placement Company Expects to Have Approximately $5.0 Billion in Cash and No Debt After New Private Placement Closes GREENWICH, Conn., July 22, 2024 (GLOBE NEWSWIRE) -- QXO, Inc. (Nasdaq: QXO) (the “Company” or “QXO”), a company expected to become a tech-forward leader in the building products distribution industry, today announced that it has entered into purchase agreements with certain institutional and accredited investors for a new...

GREENWICH, Conn., June 13, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by QXO, Inc. (Nasdaq: QXO), please note that in the third paragraph of the release, the number of outstanding shares of preferred stock referenced should be 1 million, not 219.0 million as previously stated. The corrected release follows. QXO, Inc. (Nasdaq: QXO) (the “Company” or “QXO”), a company expected to be a tech-forward leader in the building products distribution...