Company: QXO-PB
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001104659-25-062233
Chunk: 27

Company: QXO, Inc.
Filing Date: 2025-06-25
Form: 424B5
Chunk 27
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, employee severance and retention costs, and other personnel expenses classified as selling, general and administrative; gains/losses related to changes in fair value of contingent consideration or holdback liabilities; and amortization of debt issuance costs. Acquisition costs are impacted by the timing and size of the acquisitions. Acquisition costs are excluded from the non-GAAP financial measures to provide a useful comparison of operating results to prior periods and to peer companies because such amounts vary significantly based on the magnitude of the acquisition and do not reflect core operations. • Restructuring costs . Represent costs stemming from headcount rationalization efforts and certain rebranding costs; impact of divestitures; costs related to changing our fiscal year end; amortization of debt issuance costs; debt refinancing and extinguishment costs; abandoned lease costs; and costs associated with responding to unsolicited acquisition proposals and attempts to acquire control of the company. Restructuring costs are excluded from the non-GAAP financial measures, as such items vary significantly based on the magnitude of the restructuring activity and also do not reflect expected future operating expenses. Additionally, these costs do not necessarily provide meaningful insight into the current or past core operations of the business. • COVID-19 impacts . Represent costs directly related to the COVID-19 pandemic. Beginning January 1, 2023, we determined COVID-19 impacts should no longer be considered an adjusting item. This change was applied prospectively. The following is a reconciliation of net (loss) income to QXO Building Products adjusted EBITDA for the periods presented below:

| ​                             
 (in millions)                 | ​ 
 ​ | ​ 
 ​ | Three Months EndedMarch 31, 
 2025                        |   |       |   | ​ | ​ | 2024 |   |       |   | ​ 
 ​ | ​ 
 ​ | Year Ended December 31, 
 2024                    |   |       |   | ​ | ​ | 2023 |   |       |   | ​ | ​ | 2022 |   |       |   | ​ 
 ​ |
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