Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 39

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 39
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 distributors of roofing materials and complementary building products, our competitive position could be adversely affected. We may not be able to effectively integrate newly acquired businesses into our operations or achieve expected cost savings or profitability from our acquisitions. Acquisitions involve numerous risks, including:

| • | unforeseen difficulties or disruptions in integrating operations, technologies, services, accounting, and employees; |

| • | diversion of financial and management resources from existing operations; |

| • | unforeseen difficulties related to entering geographic regions where we do not have prior experience; |

| • | potential loss of key employees; |

| • | unforeseen cybersecurity risks related to the businesses acquired or to the manufacturers and vendors the acquired businesses rely on; |

| • | unforeseen liabilities and expenses associated with businesses acquired; and |

| • | inability to generate sufficient revenue or realize sufficient cost savings to offset acquisition or investment costs. |

As a result, if we fail to evaluate, execute, and integrate acquisitions properly, we might not achieve the anticipated benefits of such acquisitions and we may incur costs in excess of what we anticipate.

S-22

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**A measure of our success is dependent on maintaining our safety record, and an injury to, or death of, any of our employees, customers, or members of the general public related to our business activities could result in material liabilities and reputational injury.

Our business activities include an inherent risk of catastrophic safety incidents that could result in injuries and deaths. The activities we conduct at our customers’ designated delivery locations — which include construction and residential job sites — present a risk of injury or death to our employees, customers, or visitors, notwithstanding our compliance with safety regulations. We may be unable to avoid material liabilities for an injury or death, and our workers’ compensation and other insurance policies may not be adequate or may not continue to be available on terms acceptable to us, or at all, which could result in material liabilities to us.

Further, as a wholesale distributor of roofing materials and other complementary building products, we lease and operate a fleet of commercial motor vehicles, including semi-tractor trailer trucks, flatbed trucks, and forklifts. Accordingly, a safety incident involving our commercial fleet could result in material economic damages, as well as injuries and/or death, for our employees and any other parties involved. Although we believe our aggregate insurance limits should be sufficient to cover our historic claims amounts, participants in commercial distribution and transportation activities (i.e., trucking and transportation) have experienced large verdicts, including some instances in which