QXO's Stock Declines Ahead of Secondary Offering, Preliminary Earnings Miss

Dow Jones01-16

By Kelly Cloonan

Shares of QXO declined after the company disclosed plans for a secondary offering of its common stock, and forecast fourth-quarter earnings that missed Wall Street's estimate.

The stock retreated 4.4% to $23.93 in after-hours trading on Thursday. Through the market close shares are up 67% this year.

The building products distributor expects to offer $750 million of its shares in a secondary offering, according to a filing with the Securities and Exchange Commission.

The company has also granted underwriters an option to purchase up to an additional $112.5 million in shares at the public offering price. BofA Securities is listed as the offering's underwriter.

QXO plans to use the proceeds from the sale for general corporate purposes, which may include funding for future acquisitions, the company said.

Separately, the company forecast fourth-quarter sales of about $2.19 billion. Analysts polled by FactSet had expected $2.2 billion.

QXO projects adjusted earnings before interest, taxes, depreciation and amortization of about $150 million, below analysts' expectation of $172.8 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

January 15, 2026 18:15 ET (23:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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