Company: QXO-PB
Filing Date: 2025-03-10
Form Type: DFAN14A
Source: 0000950142-25-000710
Chunk: 3

Company: QXO, Inc.
Filing Date: 2025-03-10
Form: DFAN14A
Chunk 3
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 2024, Beacon's full-year sales were $9.76 billion, up 7.1 percent from the prior year.

QXO’s Jacobs has made clear his interest in building products distribution,
viewed as an $800 billion market that's both fragmented and technologically challenged. For its part, Beacon operates a proprietary digital
account management suite called Beacon PRO+, which allows customers to manage their business online. Beacon also recently announced an
investment and partnership with Renovate Robotics to help bring cutting-edge automation to the job site.

QXO is confident that it can bring in even more technology to help building-products-distribution
advance as an industry.

“Beacon is levered to the big secular growth themes of why we got
into this industry,” said Checkler. “The average commercial building is over 50 years old, the average home is over 40 years
old and there is a shortage of 4 million homes that need to be built. Plus, 80% of Beacon's business is Repair & Remodeling, which
is highly stable, non-discretionary and less cyclical. Replacing a leaking or damaged roof is a necessity, not a decision.”

Beacon is also relatively immune to disruptions of international trade.
“This is primarily a ‘made in the USA,’ ‘sold in the USA’ business,” Checkler added. “:The tariff
risk is minimal.”

Forward-Looking Statements

This communication contains forward-looking statements. Statements that
are not historical facts, including statements about beliefs, expectations, targets, goals, regulatory approval timing and nominating
directors are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements
are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use
of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,”
“intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” “target,” “goal,” or “continue,” or the negative of these terms or other
comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important
factors could cause actual results to differ materially from those contained in any such forward-looking statements. Such factors include
but are not limited to: the ultimate outcome of any possible transaction between QXO and Beacon,