Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 63

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 63
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 than overall demand for construction products.

Beacon’s complementary building products demand comes from both the residential and non-residential sectors. These products allow Beacon to be the supplier of choice to its exteriors-focused customers and possess relatively greater end-market exposure to new construction (estimated at 30%) compared to roofing products (estimated at 20%).

In addition to its domestic operations, Beacon also operates in seven provinces across Canada. These international locations represented approximately 3.0% of Beacon’s total net sales for the year ended December 31, 2024.

Competition

Competition is primarily composed of national, regional, and local specialty roofing distributors and, to a lesser extent, other building supply distributors and big box retailers. Among distributors, Beacon competes against a small number of large distributors and many small, privately-owned distributors. Given significant

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#### TABLE OF CONTENTS
consolidation in the past decade, we believe Beacon and two other distributors now represent nearly 70% of the roofing distribution industry in North America. Although Beacon is the leading publicly-traded specialty wholesale distributor of roofing and complementary building products, including waterproofing products, in North America, the industry remains highly competitive. The principal competitive factors in Beacon’s business include, but are not limited to, the availability of materials and supplies; technical product knowledge and advisory expertise; delivery and other services including digital capabilities; pricing of products; and the availability of credit and capital.

#### Beacon’s Customers
Beacon’s mission is to empower its customers to build more for their customers, businesses, and communities. Beacon’s project lifecycle support helps its customers find projects, land the job, do the work, and close projects out by providing guidance that allows its customers to deliver on project specifications and timelines that are critical to their success. Using an omni-channel approach and the Beacon PRO+® digital suite, Beacon differentiates its services and drive customer retention.

Beacon’s customer base is composed of professional contractors, home builders, building owners, lumberyards, and retailers across the U.S. and Canada who depend on reliable local access to building products for residential and non-residential projects. Beacon’s customers vary in size, ranging from relatively small contractors to large contractors and builders that operate on a national scale. A significant number of its customers have relied on Beacon as their vendor of choice for decades. For the year ended December 31, 2024, no single customer accounted for more than 1% of Beacon’s net sales.

#### Beacon