Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014566
Chunk: 56

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 56
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. In addition, these non-GAAP financial measures may differ from similarly titled measures presented by other companies. Adjusting Items to Non-GAAP Financial Measures The impact of the following expense (income) items is excluded from each of the non-GAAP measures (the “adjusting items”):

| • | Acquisition costs. Represent certain direct and incremental costs related to acquisitions, including: amortization of intangible assets; professional fees, branch integration expenses, travel expenses, 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. Beacon excludes acquisition costs from its non-GAAP financial measures to provide a useful comparison of its operating results to prior periods and to its peer companies because such amounts vary significantly based on the magnitude of the acquisition and do not reflect its core operations. |

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TABLE OF CONTENTS

The following table presents the pre-tax impact of the adjusting items on the consolidated statements of operations for each of the periods indicated (in millions):

| Year Ended December 31, 2024 |     | Operating Expense 
              SG&A |     | Amortization |     | Non-Operating Expense 
              Interest 
               Expense |     |    Other 
 (Income) 
  Expense |     |  Total |
|:-----------------------------|:----|------------------:|:----|-------------:|:----|----------------------:|:----|---------:|:----|-------:|
| Acquisition costs            |     |             $12.0 |     |        $91.9 |     |                  $3.9 |     |       $— |     | $107.8 |
| Restructuring costs          |     |              14.6 |     |            — |     |                   2.2 |     |      2.4 |     |   19.2 |
| Total adjusting items        |     |             $26.6 |     |        $91.9 |     |                  $6.1 |     |     $2.4 |     | $127.0 |
| Year Ended December 31, 2023 |     |                   |     |              |     |                       |     |          |     |        |
| Acquisition costs            |     |              $6.9 |     |        $85.0