Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 69

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 69
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 against its goal to help its customers build more. Beacon’s information security team deploys an array of cybersecurity capabilities to protect its various business systems and data. Beacon continually invests in protecting against, monitoring and mitigating risks across the enterprise including, as one of its risk mitigation controls, an information security risk insurance policy.

#### Government Regulations
Beacon is subject to regulation by various federal, state, provincial and local agencies. These agencies include the Environmental Protection Agency, Department of Transportation, Occupational Safety and Health Administration, Department of Labor and Equal Employment Opportunity Commission. Beacon believes it complies, in all material respects, with applicable statutes and regulations affecting environmental issues and its employment, workplace health and workplace safety practices, and compliance with such statutes and regulations has no material effect on its capital expenditures, earnings or competitive position.

#### Seasonality and Quarterly Fluctuations
The demand for 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.

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#### 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