Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 57

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 57
---
     | Year Ended December 31, 
                    2024 |     |    2023 |
|:--------------------------------------------------------------------------|:----|------------------------:|:----|--------:|
| Numerator:                                                                |     |                         |     |         |
| Net income (loss)                                                         |     |                  $361.7 |     |  $435.0 |
| Dividends on Preferred Stock                                              |     |                       — |     |   -13.9 |
| Undistributed income allocated to participating securities                |     |                       — |     |   -34.1 |
| Repurchase Premium                                                        |     |                       — |     |  -414.6 |
| Net income (loss) attributable to common stockholders - Basic and Diluted |     |                  $361.7 |     | $(27.6) |
| Denominator:                                                              |     |                         |     |         |
| Weighted-average common shares outstanding - Basic                        |     |                    62.5 |     |    63.7 |
| Effect of common share equivalents                                        |     |                     1.2 |     |       — |
| Weighted-average common shares outstanding - Diluted                      |     |                    63.7 |     |    63.7 |
| Net income (loss) per common share:                                       |     |                         |     |         |
| Basic                                                                     |     |                   $5.78 |     | $(0.43) |
| Diluted                                                                   |     |                   $5.68 |     | $(0.43) |

S-34

TABLE OF CONTENTS

Non-GAAP Financial Measures To provide investors with additional information regarding its financial results, Beacon prepares certain financial measures that are not calculated in accordance with GAAP, specifically:

| • | Adjusted Operating Expense. Adjusted Operating Expense is defined as operating expense excluding the impact of the adjusting items (as described below). |

| • | Adjusted Net Income (Loss). Adjusted Net Income (Loss) is defined as net income (loss), excluding the impact of the adjusting items (as described below). |

| • | Adjusted EBITDA. Adjusted EBITDA is defined as net income (loss), excluding the impact of interest expense (net of interest income), income taxes, depreciation and amortization, stock-based compensation, and the adjusting items (as described below). |

Beacon uses these supplemental non-GAAP measures to evaluate financial performance, analyze the underlying trends in its business