Finalized financial results available from QXO.

QXO, Inc. (“QXO” or the “Company”) (NYSE: QXO) today reported financial results for the third quarter of 2026. For the three months ended September 30, 2026, basic and diluted loss per common share was $(0.17). Adjusted Diluted Earnings per Common Share, a non-GAAP financial measure, was $0.13.

Note: The following summary of financial results for the three and nine months ended September 30, 2026, includes the legacy Kodiak Building Partners, Inc. (“Kodiak”) operational results from the date of acquisition on April 1, 2026, through September 30, 2026 and the legacy TopBuild Corp. (“TopBuild”) operational results from the date of the acquisition on July 1, 2026, through September 30, 2026. The summary of financial results for the nine months ended September 30, 2025, includes the legacy Beacon Roofing Supply, Inc. (“Beacon”) operational results from the date of acquisition on April 29, 2025, through September 30, 2025.

Brad Jacobs, chairman and chief executive officer of QXO, said, “Our organic daily revenue trends improved for the second consecutive quarter despite a soft construction market. Companywide pricing increased 2.2% year over year. We’re prioritizing higher-margin products; in Roofing and Waterproofing, complementary product sales grew 4.2%, and TRI-BUILT reached a record 10.6% of sales. Mechanical insulation distribution revenue grew 16%, supported by strong data center demand.”

Jacobs continued, “We have significant opportunities to grow by further integrating our businesses. We serve 194,000 customers across the legacy Beacon, Kodiak and TopBuild businesses, but typically supply only a portion of what they need for a project. Our broader offering helps customers work with fewer suppliers, coordinate installation and reduce construction costs. We’re also improving our purchasing terms and applying successful operating practices from individual businesses across QXO.

“Technology will help us serve customers better and operate more efficiently across our network. We’re connecting our sales, inventory and warehouse systems so employees can access information more easily and spend less time entering data in multiple applications. Our people will be able to provide quotes faster, check inventory in real time and respond to customers more quickly. AI will help salespeople identify opportunities to sell additional products and win back dormant accounts. Better delivery planning will improve service and reduce transportation costs.

“We’re on track to reach $4 billion in adjusted EBITDA by 2030 from the businesses we already own and $50 billion in annual revenue within the decade through organic growth and disciplined acquisitions.”

In addition, the Company’s Board of Directors has authorized a common share repurchase program of $500 million with no expiration date. The authorization to repurchase common shares will be used at management’s discretion, and the amount and timing of common share repurchases under the authorization will be subject to various factors. The program does not obligate the Company to repurchase any shares and may be suspended or discontinued at any time.

Third Quarter Highlights

Net sales totaled $4.90 billion for the three months ended September 30, 2026, including $1.64 billion from TopBuild and $589 million from Kodiak.

For the third quarter of 2026, net loss was $123 million and Adjusted Net Income, a non-GAAP financial measure, was $229 million. Basic and diluted loss per common share was $(0.17) and Adjusted Diluted Earnings per Common Share, a non-GAAP financial measure, was $0.13.

Adjusted EBITDA, a non-GAAP financial measure, was $557 million for the three months ended September 30, 2026.

About QXO

QXO is a leading distributor and installer of building products in North America, serving an $800 billionmarket. The company’s mission is to modernize the building products industry through advanced technology and a best-in-class customer experience. QXO is the largest distributor and installer of insulation, the second-largest distributor of roofing products, the second-largest publicly traded distributor of lumber and building materials and the largest distributor of waterproofing products. The company is targeting $50 billion in annual revenue within the decade through accretive acquisitions and organic growth. For more information, visit QXO.com.

Non-GAAP Financial Measures

As required by the Securities and Exchange Commission (“SEC”) rules, the financial tables attached to this press release reconcile each non-GAAP financial measure to its most directly comparable measure under GAAP.

We calculate Adjusted Gross Profit as gross profit excluding inventory fair value adjustments, and we calculate Adjusted Gross Margin as Adjusted Gross Profit divided by net sales. We calculate Adjusted Net Income (Loss) as net income (loss) excluding amortization; stock-based compensation; loss on debt extinguishment; restructuring costs; transaction costs; transformation costs; inventory fair value adjustments; and the income tax associated with such adjusting items. We calculate Adjusted Diluted Earnings (Loss) per Common Share as Adjusted Net Income (Loss) attributable to common stockholders divided by the weighted-average number of common shares outstanding during the period plus the effect of dilutive common share equivalents based on the most dilutive result of the if-converted and two-class methods. We calculate Adjusted EBITDA as net income (loss) excluding depreciation; amortization; stock-based compensation; interest (income) expense, net; loss on debt extinguishment; provision for (benefit from) income taxes; restructuring costs; transaction costs; transformation costs; and inventory fair value adjustments that we do not consider representative of our underlying operations. We calculate Adjusted EBITDA Margin as Adjusted EBITDA divided by net sales.

The following expenses are excluded from Adjusted Net Income (Loss) and Adjusted EBITDA:

Restructuring costs. Represent severance and employee-related costs and abandoned lease costs associated with a restructuring plan that is expected to yield annualized savings but excludes stock-based compensation expense recognized as a result of a restructuring plan.

Transaction costs. Represent certain direct and incremental costs related to M&A activities. Transaction costs are impacted by the timing and size of the acquisitions.

Transformation costs. Represent certain direct costs for strategic investments to modernize our business and operations and to integrate acquired businesses into QXO, including rebranding costs, retention costs for key employees of acquired businesses, IT infrastructure transformation costs, costs incurred to invest in new technologies such as artificial intelligence and costs associated with non-recurring transformational initiatives to improve or optimize business operations. These costs are directed at optimizing the Company’s processes to modernize the Company’s operations.

We have provided a reconciliation below of Adjusted Gross Profit to gross profit, the most directly comparable financial measure as measured in accordance with GAAP, as well as a calculation of gross margin and Adjusted Gross Margin. We have provided a reconciliation below of Adjusted Net Income (Loss) to net income (loss), the most directly comparable financial measure as measured in accordance with GAAP, as well as a calculation of diluted earnings (loss) per common share and Adjusted Diluted Earnings (Loss) per Common Share. We have also provided a reconciliation below of Adjusted EBITDA to net income (loss), the most directly comparable financial measure as measured in accordance with GAAP, as well as a calculation of net margin and Adjusted EBITDA Margin. We have not reconciled our Adjusted EBITDA target to net income, the most directly comparable GAAP measure, because we cannot predict without unreasonable efforts the outcome of certain items that are necessary for the reconciliation, including future acquisitions, stock-based compensation, transaction and transformation costs and provision for (benefit from) income taxes, the impact of which could be significant.

Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating QXO’s ongoing performance. We believe these non-GAAP financial measures facilitate analysis of our ongoing business operations because they exclude items that may not be reflective of, or are unrelated to, QXO’s core operating performance and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Other companies may calculate these non-GAAP financial measures differently, and therefore our measures may not be comparable to similarly titled measures of other companies.

Ahuja to join QXO in January after a decade as CFO of Novelis

QXO, Inc. (NYSE: QXO) today announced the appointment of Dev Ahuja as the company’s chief financial officer. He will succeed Ihsan Essaid, who has been promoted to vice chairman, an executive role, with both positions becoming effective in January 2027.

Ahuja has more than two decades of experience leading financial operations for growth-oriented companies. He joins QXO from Novelis, a leading producer of innovative aluminum solutions, where he served as CFO since 2016. Previously, with healthcare giant Novartis, he held CFO roles for Alcon North America, Alcon Japan and the company’s South Korean business.

Brad Jacobs, chairman and chief executive officer of QXO, said, “Dev has led global finance teams through major capital transactions and the integration of key acquisitions. He’ll be a strong partner as we continue to grow QXO and create value for our shareholders.”

At Novelis, Ahuja was instrumental in completing the company’s $2.8 billion acquisition and integration of Aleris, an industrial manufacturer and oversaw major initiatives for organic growth and operational excellence. During his tenure, Novelis raised $8 billion through M&A financings and debt refinancings.

Essaid has served as QXO’s CFO since July 2024. As Vice Chairman, he will oversee mergers and acquisitions and advance capital-raising activities, reporting to Jacobs.

Jacobs said, “M&A is a core driver of value creation for QXO. Ihsan will continue to work closely with me as we pursue the company’s goal of $50 billion in annual revenue within the decade.”

About QXO

QXO is a leading distributor and installer of building products in North America, serving an $800 billion market. The company’s mission is to modernize the building products industry through advanced technology and a best-in-class customer experience. QXO is the largest distributor and installer of insulation, the second-largest distributor of roofing products, the second-largest publicly traded distributor of lumber and building materials and the largest distributor of waterproofing products. The company is targeting $50 billion in annual revenue within the decade through accretive acquisitions and organic growth. For more information, visit QXO.com.

13 Veterans, Gold Star families and facilities that support veterans will receive a new roof or siding at no cost.

In honor of Veterans Day, QXO, Inc. (NYSE: QXO) announced today the launch of its annual QXO for Veterans initiative, honoring veterans, Gold Star families and the communities that stand behind them. Now in its eighth year, the 2026 QXO for Veterans program is expanding beyond roofing to include siding.

The 2026 program will provide 13 veterans, Gold Star Families and facilities that support veterans with property improvements at no cost. Each winner will receive a new roof or siding installed by local professionals using products from TRI-BUILT®, QXO’s private label brand and materials from CertainTeed, the 2026 exclusive program partner.

“QXO’s commitment to serving veterans is one of the reasons I chose to join the company,” said Sherri Leach, a U.S. Army veteran and vice president and deputy chief information security officer at QXO. “QXO for Veterans puts that commitment into action by helping protect the homes of veterans returning home. This year, I’m proud that we’re expanding beyond roofing to include siding, helping address another critical need for veterans and their families.”

The nomination period opens today, Veterans Day and runs through December 31, 2026. The program is open to all military veterans in the U.S. and Canada, and Gold Star Family members. Nominations can be submitted online at go.qxo.com/qxoforveterans or by emailing QXOforVeterans@QXO.com.

A panel of judges, including QXO executives and veterans, the publishers of Roofers Coffee Shop and Roofing Contractor and executives from CertainTeed and other organizations, will review all submissions and select the winners.

Since launching in 2018, QXO for Veterans has partnered with local roofing contractors and suppliers across North America to install 70 new roofs for veterans, Gold Star Families and facilities that serve veterans. The initiative is a key part of QXO’s broader commitment to support neighbors, strengthen communities and give back to those who have given so much.

To learn more about QXO for Veterans, including nomination details, past recipients and official program rules, visit go.qxo.com/qxoforveterans.

About QXO

QXO is a leading distributor and installer of building products serving an $800 billion market. The Company’s mission is to modernize the building products industry through advanced technology and a best-in-class customer experience. QXO is North America’s largest distributor and installer of insulation, the second-largest distributor of roofing products, the second-largest publicly traded distributor of lumber and building materials and the largest distributor of waterproofing products. The Company is targeting $50 billion in annual revenue within the decade through accretive acquisitions and organic growth. For more information, visit QXO.com.

Full results are expected later this month. 

QXO, Inc. (“QXO” or the “Company”) (NYSE: QXO) today announced the following preliminary financial information for the third quarter of 2026. The Company expects to report its full third quarter 2026 results on November 12, 2026.

Third quarter 2026 summary preliminary results

• Net sales of approximately $4.90 billion, up 79% from $2.73 billion in the third quarter of 2025
• GAAP net loss of approximately $123 million, compared to a GAAP net loss of $139 million in the third quarter of 2025
• Adjusted EBITDA, a non-GAAP financial measure, of approximately $557 million, up 85% from $301 million in the third quarter of 2025

Third quarter 2026 results include the results of Kodiak Building Partners, Inc. from April 1, 2026 and TopBuild Corp. from July 1, 2026, the respective dates of acquisition, neither of which is included in third quarter 2025 results.

The Company’s preliminary unaudited financial results in this press release for the third quarter ended September 30, 2026 are preliminary, unaudited and subject to completion, and may change as a result of management’s continued review. Such preliminary results are subject to the finalization of quarter-end financial and accounting procedures. The preliminary financial results represent management estimates that constitute forward-looking statements subject to risks and uncertainties. As a result, the preliminary financial results may differ from the actual results when they are completed and publicly disclosed. These preliminary results should not be viewed as a substitute for the Company’s full third quarter financial statements and do not present all information necessary for a complete understanding of financial performance.

About QXO

QXO is a leading distributor and installer of building products serving an $800 billion market. The Company’s mission is to modernize the building products industry through advanced technology and a best-in-class customer experience. QXO is North America’s largest distributor and installer of insulation, the second-largest distributor of roofing products, the second-largest publicly traded distributor of lumber and building materials, and the largest distributor of waterproofing products. The Company is targeting $50 billion in annual revenue within the decade through accretive acquisitions and organic growth. For more information, visit QXO.com. 

Non-GAAP financial measures

As required by the Securities and Exchange Commission (“SEC”) rules, the financial table attached to this press release reconciles Adjusted EBITDA and Adjusted EBITDA Margin, non-GAAP financial measures, to their most directly comparable measures under GAAP.

We calculate Adjusted EBITDA as net income (loss) excluding depreciation; amortization; stock-based compensation; interest (income) expense, net; loss on debt extinguishment; provision for (benefit from) income taxes; restructuring costs; transaction costs; transformation costs; and inventory fair value adjustments that we do not consider representative of our underlying operations.

The following expenses are excluded from Adjusted EBITDA:

• Restructuring costs. Represent severance and employee-related costs and abandoned lease costs associated with a restructuring plan that is expected to yield annualized savings but excludes stock-based compensation expense recognized as a result of a restructuring plan.
• Transaction costs. Represent certain direct and incremental costs related to M&A activities. Transaction costs are impacted by the timing and size of the acquisitions.
• Transformation costs. Represent certain direct costs for strategic investments to modernize our business and operations and to integrate acquired businesses into QXO, such as: rebranding costs, retention costs for key employees of acquired businesses, IT infrastructure transformation costs, costs incurred to invest in new technologies such as artificial intelligence, and costs associated with non-recurring transformational initiatives to improve or optimize business operations. These costs are directed at optimizing the Company’s processes to modernize the Company’s operations.

We have provided a reconciliation below of Adjusted EBITDA to net income (loss), the most directly comparable financial measure as measured in accordance with GAAP, as well as a calculation of net margin and Adjusted EBITDA Margin.

Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating QXO’s ongoing performance. We believe these non-GAAP financial measures facilitate analysis of our ongoing business operations because they exclude items that may not be reflective of, or are unrelated to, QXO’s core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Other companies may calculate these non-GAAP financial measures differently, and therefore our measures may not be comparable to similarly titled measures of other companies.

Jacobs Will Continue to Serve as Chairman and CEO of QXO, while Leading a Separate Venture in an Industry to Be Determined.

Conference Call to Be Held at 8:30 a.m. Eastern Time Today

CKX Lands, Inc. (NYSE American: CKX) (“CKX” or the “Company”) and Jacobs Private Equity II, LLC (“JPE”), led by Brad Jacobs, today announced that JPE and minority co-investors have agreed to invest $1 billion in cash in CKX. The equity investment is expected to consist of $900 million from JPE and $100 million from co-investors led by HRTG Partners, formerly Sequoia Heritage. Upon closing, JPE will hold a majority stake in CKX.

Upon closing, Jacobs will become Chairman and CEO of CKX, while continuing to serve as Chairman and CEO of QXO, Inc. CKX will be renamed and operate as a standalone public company platform in an industry to be determined.

Jacobs said, “I love building multibillion-dollar market leaders and this $1 billion investment marks the launch of my ninth company. After concluding my chairmanships of XPO, GXO and RXO last year, I now have the capacity to create this new venture while continuing to lead QXO to its massive potential.”

Jacobs has founded and led eight billion-dollar or multibillion-dollar companies over his career, including six iconic public companies: QXO, the second largest publicly traded building products distributor in North America; XPO, the second largest provider of less-than-truckload services in North America; GXO Logistics, the world’s largest pure-play contract logistics provider; RXO, the third largest freight broker in North America; United Rentals, the world’s largest equipment rental provider; and United Waste Systems, the fifth largest U.S. waste management company at the time of its sale. Jacobs and his teams have completed approximately 500 M&A transactions.

Across these companies and industries, Jacobs has applied a consistent formula for shareholder value creation: attract world-class talent, drive operational excellence, implement best-in-class technology and scale the business through a combination of disciplined M&A and organic growth.

Conference Call

There will be a conference call on Monday, November 9, 2026, at 8:30 a.m. Eastern Time to discuss QXO’s preliminary third-quarter results, business progress and outlook, as well as Brad Jacobs’ newly announced venture. The call will include a question-and-answer session.

To participate by telephone, dial 1-877-459-3964 toll-free from the U.S. or Canada, or +1-412-902-1023 internationally, and enter passcode 13763799 followed by #. A live webcast will be available at this link.

A replay of the call will be available through November 30, 2026. To access the telephone replay, dial 1-877-660-6853 toll-free from the U.S. or Canada, or +1-201-612-7415 internationally, and enter passcode 13763799.

The Investment Agreement

Under the terms of the Investment Agreement, CKX will, prior to the closing of the equity investment, convert from a Louisiana corporation into a Delaware corporation and effect a holding company reorganization, pursuant to which a newly formed holding company will become the parent company of CKX and the publicly traded company and each outstanding share of CKX common stock will be converted into one equivalent share of common stock of the new holding company. The Company will also effect a 4.1744380:1 reverse stock split prior to the closing of the equity investment. Upon the closing of the investment and the effectiveness of the reverse stock split, JPE, HRTG Partners and the other co-investors will have: (i) voting, convertible perpetual preferred stock that, in aggregate, is convertible into approximately 219 million shares of the Company’s common stock at a price of $4.57 per share (equivalent to $1.09 per share pre-split); and (ii) warrants to purchase an additional approximately 219 million shares of the Company’s common stock at post-reverse-split exercise prices of: $4.57 per share (equivalent to $1.09 per share pre-split) with respect to 50% of the warrants, $6.85 per share (equivalent to $1.64 per share pre-split) with respect to 25% of the warrants, and $13.70 per share (equivalent to $3.28 per share pre-split) with respect to the remaining 25% of the warrants. Following the closing of the investment, JPE and the co-investors will own approximately 99.78% of the Company’s common stock on a fully convertible/exchangeable basis, before giving effect to the exercise of the warrants.

In addition, CKX will declare an aggregate cash dividend of $20.8 million, equivalent to $10.1312 per share, to its stockholders of record as of a record date shortly prior to the closing of the equity investment, to be funded from proceeds received under the Investment Agreement and cash on hand. The transactions contemplated by the Investment Agreement have been unanimously approved by CKX’s board of directors, and are expected to be completed in early 2027. The transactions are subject to CKX stockholder approval and the satisfaction of other customary closing conditions. Certain CKX stockholders, who collectively hold approximately 28% of the voting power of CKX’s outstanding common stock, have entered into voting agreements, pursuant to which they have agreed to vote their shares in favor of the transactions.

William Gray Stream, President of CKX, said, “We believe this investment will create compelling outcomes for our stakeholders, including the opportunity for our stockholders to receive a substantial upfront cash payment as part of a $20.8 million dividend. We expect our stockholders will benefit from retaining the value of our existing land business while also participating in the potential upside of Brad Jacobs’ future plans for the company.”

Morgan Stanley & Co. LLC is serving as financial advisor to JPE, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as its legal advisor.

TAP Advisors is serving as financial advisor to CKX, and Fishman Haygood is serving as its legal advisor.

By The Coffee Shops®.

Scott Riopelle, Marcus Clinco, Randy Fernandez and Leo Ibarra are honored for their service to WSRCA and the roofing industry.

Western States Roofing Contractors Association (WSRCA) just announced their 2025–2026 President’s Award winners! Chosen by the WSRCA president (this year by outgoing president Stan Robinson of Pacific West Roofing), these awardees are celebrated for not only uplifting the WSRCA community but also the entire roofing industry.

As Stan put it:

These three individuals represent what makes Western States such a strong organization. They give their time, share their knowledge and continually look for ways to make the association and our industry better. It has been an honor to recognize them for everything they have contributed.

Scott Riopelle named Wrangler of the Year

Scott Riopelle led an outstanding membership effort during the 2025-2026 year, helping bring 95 QXO branches into Western States.

The Wrangler of the Year Award honors the individual who made the greatest contribution to growing the association’s membership during the past year. Scott's efforts expanded Western States’ reach and created more opportunities for roofing professionals to connect, exchange knowledge and support one another.

“Growing Western States is about building relationships and strengthening our industry,” Scott said. “Helping bring 95 QXO branches into the association was a team effort, and I’m proud to have played a role. Bringing more people together benefits our members and the roofing industry as a whole.”

Marcus Clinco recognized as Board Member of the Year

Marcus Clinco provided outstanding leadership as chair of the Member Services Committee while remaining actively involved throughout Western States. Marcus also serves as a trustee of the Davis Memorial Foundation. Both the Membership Committee and the foundation experienced tremendous growth during the past year, with Clinco’s leadership, energy and involvement contributing to the success of both groups.

“Marcus stepped up everywhere we needed him this year,” Stan said. “He took ownership of the Membership Committee, stayed heavily involved throughout the association and continued his work with the Davis Memorial Foundation. Both groups had tremendous years, and Marcus deserves a lot of credit for the energy and leadership he brought to them.”

Randy Fernandez receives Outstanding Service Award

Randy Fernandez was recognized for his expertise, generosity and continued willingness to serve Western States and its members. Randy recently became vice chair of the Associate Advisory Council and continues to participate actively in association meetings and programs. He also presents fall protection certification courses at Western States Road Shows, sharing his knowledge with roofing professionals throughout the West.

Through Guardian Fall Protection, Randy provides every new Western States contractor member with a free fall protection kit, extending his commitment to safety and member value beyond the classroom.

“Randy is one of those people who is always willing to help,” Stan said. “He shares his expertise with our members, stays involved in our meetings and has been incredibly generous to the association. His commitment to safety and to supporting our contractor members makes him very deserving of this recognition.”

Leo Ibarra inducted into WSRCA Hall of Fame

In addition to the announcement of the three awardees, WSRCA released their newest inductee into their Hall of Fame! A two-term president of Western States, Leo is being inducted in honor of his many years of leadership, service and dedication to the association. He helped lead the association through the COVID-19 pandemic, where his steady leadership guided the organization through unprecedented uncertainty and truly positioned Western States for continued growth in the new decade.

Even after his presidency ended, Leo has remained deeply involved with the association. He continues to champion the Waterproofing Committee and works to ensure waterproofing remains an important part of Western States’ education and industry outreach.

Fellow board members also know Leo as a thoughtful and steady presence whose experience and perspective are valued throughout the organization. As Stan put it:

Leo has given an incredible amount to Western States. He led this association through circumstances none of us could have anticipated, and he did it with a calm and steady hand. Even after serving two terms as president, he never stopped showing up or looking for ways to help. He is someone we can always count on for perspective and a voice of reason, and I can’t think of anyone more deserving of a place in the Western States Hall of Fame.

Twelve dogs selected for the 2027 official TRI-BUILT Top Dogs calendar, each owner awarded $1,000 for a local rescue organization.

TRI-BUILT®, QXO's (NYSE: QXO) private label brand, is proud to announce the winners of its 2026 TRI-BUILT Top Dogs calendar contest, an annual celebration of QXO customers’ hardworking, loyal and lovable dogs. Twelve winners will be featured in the 2027 official TRI-BUILT Top Dogs calendar. Each winning owner will also receive $1,000 to donate to the local rescue organization of their choice.

The Top Dogs Calendar Contest has become a favorite TRI-BUILT tradition, bringing members of the roofing industry together to honor the special bond they share with their four-legged family members.

The 2026 TRI-BUILT Top Dogs include:

• Kiwi, Alpine Roofing Specialists Inc., Orem, Utah
• Stormi, Legacy Restoration LLC, Plymouth, Minnesota
• Waffles, Alvin Construction Group, LLC, Cypress, Texas
• Duke, Rebuilders Group Inc., Freeport, Florida
• Milo, EZ Roofing & Construction LLC, Vancouver, Washington
• Aurey, Platinum Exteriors Inc., Jefferson, Oregon
• Buck, Brinkmann Quality Roofing Services, Friendswood, Texas
• Reba, W.S. Nielsen Co. Inc., Alpharetta, Georgia
• Stevie, Rowland Roofing Systems Inc., Canton, Massachusetts 
• Ivy, Nor Cal Waterproofing, Manteca, California
• Rocky, Rhyno Glass, Tampa, Florida
• Blu, Soderburg Roofing, Warrensburg, Missouri

From September 8 through October 16, 2026, QXO customers submitted photos of their dogs through the official contest page, go.qxo.com/topdog. Entrants also provided a brief explanation of why their dog deserves to be named a “Top Dog” in the 2027 TRI-BUILT Top Dogs calendar alongside Blu, TRI-BUILT’s mascot and 12 TRI-BUILT products. All entrants will receive a copy of the 2027 calendar, which will be distributed nationwide to celebrate the newest members of the TRI-BUILT family.

A panel of QXO canine connoisseurs selected 12 winning entries for the 2027 TRI-BUILT Top Dogs calendar. TRI-BUILT is extending the celebration by giving each winning owner $1,000 to donate to a rescue of their choice and help dogs in need find homes. Photos of the 2026 TRI-BUILT Top Dogs are available at go.qxo.com/topdog/winners.

For complete program rules and to view past Top Dogs winners, please visit go.qxo.com/topdog.

About QXO

QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

By Emma Peterson.

Siding is a natural extension for contractors looking to expand their offerings, strengthen customer relationships and increase project value while leveraging existing building envelope expertise.

siding has become a key value-add for many contractors for many reasons, including the fact that homeowners prefer one-stop, do-it-all contractors. To learn more about the rise of siding offerings in the roofing world, Heidi J. Ellsworth spoke with Josh Wilens of QXO, Alex Birnbaum of QXO and Kristina Hill of HomeShield Roofing & Exteriors in an episode of Coffee Conversations®.

Making the jump

Siding is actually more similar to roofing than it might sound on paper. Both are parts of the building envelope and key to keeping water, weather and other elements out of homes and buildings. Further, many of the suppliers and distributors that contractors know and trust, like QXO, not only carry roofing materials but also carry siding materials.

In fact, Josh shard that at QXO they’re actually working with organizations like the Polymeric Exteriors Products Association (PEPA) to provide training to help ease the transition into this field:

In terms of the training, a lot of the groundwork is already there for roofers and we just need to raise awareness. In prior days, some contractors didn't even know that we sold certain products in our locations. We've been working with PEPA and some other internal resources to really develop training materials for contractors to help them know about siding and how they can add it to their roofing operations.

A strong market

And not only is it an accessible market, it’s a thriving one. As Alex described, “The exciting thing is there's never been more types of siding or more products out there and a lot of them come with innovative new features.” Alex went on to give some examples, sharing, “Fiber cement is something people are really excited about. It is really durable, has a nice look and for markets like the Southeast and Southwest, where termites are an issue, the market is really looking for this kind of thing.”

Another factor that makes the market demand for siding strong is the return on investment it offers. Kristina explained, “I have lots of conversations with people who are wanting to sell their home or boost their curb appeal and I always tell them that siding is really a great way to do that. Roofing in my area gets 26% recoup on your investment where vinyl siding is 88% and fiber cement siding is 101%.”

Value to contractors

The combination of the accessibility of siding installation and the strong market for siding makes this expanding into siding a valuable move for contractors. Kristina has experienced how valuable expanding into siding is firsthand at HomeShield Roofing & Exteriors, sharing, “We offered a few types at the beginning, mostly vinyl siding and then Hardie and LP...But because the demand has been there, we’ve expanded way more in the years since.”

Listen to the whole episode or Watch the recording to learn more about adding siding to your business offerings.

By Emma Peterson.

The hiring of Ken West, who previously led several business units for Honeywell, positions QXO for its next phase of expansion and innovation.

In August 2026, QXO announced Ken West’s appointment as president and chief operating officer (COO). In this role, Ken took over the day-to-day management of QXO’s operation as of September 1, 2026.

When asked about taking on this role, Ken shared, “I’m excited to join QXO at this pivotal moment in its growth. We have an extraordinary opportunity to build the preeminent company in the building products industry, and I’m eager to help transform the QXO team's bold vision into reality.”

Ken brings an extensive background of operational leadership and business transformation to this position. As a QXO representative described:

Ken is particularly strong in integrating large, complex businesses, having led Honeywell’s 2025 acquisition of Sundyne and spearheading its integration into Honywell’s automation and digital businesses. More recently, he led the acquisition of Johnson Matthey’s Catalyst Technologies business and spearheaded the integration process

He holds a masters in business administration from Carnegie Mellon University’s Tepper School of Business and a bachelor’s degree in mechanical engineering from Purdue University.

This promotion has Ken reporting directly to QXO CEO Brad Jacobs, who had this to say about Ken, “Ken is an exceptional operator with the executional rigor to lead QXO’s operations. He has demonstrated an ability to achieve outstanding results across a number of industrial businesses. His leadership will be instrumental as we look to scale our platform and deliver outsized shareholder value.”

Overall, Ken’s expertise coupled with QXO’s investments in a world-class technology stack promise to elevate QXO offerings and make it easier for QXO customers to do business.

Learn more about Ken and his role at QXO.

By Emma Peterson. 

This report showcases the trends shaping roofing and gives unique insights into how the industry has grown in the last ten years.  

Over the last 10 years, the RoofersCoffeeShop® Trends Report, sponsored by QXO since 2022, has provided key insights into what contractors are seeing and experiencing in the field as they continue to roof buildings and keep people safe and dry. Over that decade, there have been seven surveys conducted, resulting in over 1,600 responses. Here are four of the biggest shifts recorded in these surveys.  

1 – Company demographics 

While all the surveys had a fairly consistent split between contractors serving commercial, residential or both, we saw the size of companies grow. Between 2016 and 2020, most respondents reported having 1-10 employees. However, between 2021 and 2025, 10-49 employees was the most common response.  

2 – Products offered 

Another interesting thing that these surveys highlight is how the products that roofers are offering have changed since 2016. For example, in 2019, 81% of survey respondents reported installing liquid applied roofing (LAR) 0-10% of the time. By 2022, an average of 46% of contractors were reporting installing liquid applied roofing. Similar to this growth of LAR, the surveys show a significant growth in metal installation. In 2019, approximately 17.3% of all the contractor-installed materials were metal. By 2022, that number had jumped to 64% and by 2025 it was up to 83%.  

3 – Operation processes 

The trends surveys also asked contractors about their operations. One of the interesting things we noticed in this data was a rise in digital purchasing methods (in 2022, 14% of contractors reported purchasing off of distributors’ websites, in 2025 this rose to 21%). Interestingly, field sales representative purchases also rose (17% in 2022 to 29% in 2025). Combined, these two purchasing methods have now overtaken phone and in-person at branches, which were the top two methods when the survey began. 

4 – Information engagement 

We wanted to take a moment to touch on the different ways that contractors are getting their information and engaging with our community today versus in 2016. In 2016, the top information sources were emails from roofing website, distributors and manufactures’ representatives. But in 2025, the top sources had shifted to roofing associations, roofing websites and then manufactures' representatives. Another notable change was the rise of social media as a resource. In 2016, 22% of contractors reported using it for information. In 2025, that number rose to 50%.  

Learn more about the last decade of roofing by downloading our 10-year Trends Report.