Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014598
Chunk: 69

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 69
---
 exterior building materials is closely correlated to both seasonal changes and unpredictable weather patterns, therefore demand fluctuations are expected.

In general, Beacon’s net sales and net income are highest in quarters ending June 30, September 30, and December 31, which represent the peak months of construction and re-roofing. Conversely, Beacon has historically experienced low net income levels or net losses in quarters ending March 31, when winter construction cycles and cold weather patterns have an adverse impact on its customers’ ability to conduct their business.

Beacon’s balance sheet fluctuates throughout the year, driven by similar seasonal trends. Beacon generally experiences an increase in inventory and peak cash usage in the quarters ending March 31 and June 30, driven primarily by increased purchasing that is necessary to meet the rise in demand for its products during the warmer months. Accounts receivable, accounts payable and cash collections are generally at their highest during the quarters ending June 30 and September 30, when sales are typically at their peak.

At times, Beacon experiences fluctuations in its financial performance that are driven by factors outside of its control, including the impact that severe weather events and unusual weather patterns may have on the timing and magnitude of demand and material availability.

<div align='center'>S-44</div>

#### TABLE OF CONTENTS

#### Properties
As of December 31, 2024, Beacon leased locations supporting 566 branch facilities and 5 non-branch facilities throughout the U.S. and Canada. These leased facilities range in size from approximately 2,000 square feet to 148,700 square feet. In addition, as of December 31, 2024, Beacon owned 20 branch facilities. These owned facilities range in size from approximately 11,500 square feet to 68,000 square feet. Beacon believes that its properties are in good operating condition and adequately serve its current business operations.

#### Legal Proceedings
From time to time, Beacon is involved in legal proceedings and governmental investigations arising in the ordinary course of business, including product-related, personal injury, employment, environmental, property or commercial matters. These proceedings may also include actions brought against Beacon with respect to corporate matters and transactions in which Beacon was involved. The defense of these proceedings and governmental investigations may require significant expense and require management’s time and attention and, depending on the resolution of the proceedings and investigations, Beacon could be required to pay damages or fines. Beacon accrues a liability for legal claims when payments associated with the claims become probable and the loss can be reasonably estimated. The actual costs of