Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014598
Chunk: 49

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 49
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 base is composed of professional contractors, home builders, building owners, lumberyards, and retailers across the U.S. and Canada who depend on reliable local access to exterior building products for residential and non-residential projects. Beacon’s customers vary in size, ranging from relatively small contractors to large contractors and builders that operate on a national scale.

As of December 31, 2024, Beacon operated 586 branches, which it designates as either standalone or co-located. A co-located branch shares all or a portion of a physical location with a standalone branch, but it records sales separately (to a different customer base and/or through different product offerings from the standalone branch) and generally operates with independent employees and inventory.

### Classification of Branch Results
In managing its business, Beacon considers all growth, including the opening of new branches (also referred to as greenfields), to be organic growth, unless it results from an acquisition. When referring to organic growth, Beacon includes growth from existing branches and greenfields but excludes growth from acquired branches until they have been reclassified to existing as described further below.

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Acquired branches The results of operations of acquired branches are designated as such until they have been under Beacon’s ownership and have contributed to its results of operations for at least 12 calendar months (treating partial months as full months), after which such branches are classified as existing. Therefore, the prior year results of operations for branches are reclassified to existing when the comparable current month’s financial results are also classified as existing. Under this branch classification methodology, a branch’s results of operations can be classified as both acquired and existing in the same fiscal reporting period. Beacon believes its branch classification methodology enhances comparability of branch results between periods and demonstrates the economic impact of newly acquired branches on its financial results. The following table illustrates the classification of financial results for branches acquired in 2023:

| Date Acquired     
 November 1, 2023  
 October 2, 2023   |     | Company Name         
 H&H Roofing          
 Supply, LLC          
 Garvin               
 Construction         
 Products, LLC        |     | Branches Acquired 
                 1 
                 5 |     | Results of                    
 Operations                    
 Classified as                 
 Acquired                      
 January 2024 - October 2024   
 January 2024 - September 2024 |     | Results of                                                     
 Operations                                                     
 Classified as                                                  
 Existing                                                       
 November 2023 - December 202