Company: QXO-PB
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001104659-25-052056
Chunk: 26

Company: QXO, Inc.
Filing Date: 2025-05-22
Form: 424B5
Chunk 26
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 the acquisition and do not reflect core operations. • Restructuring costs . Represent costs stemming from headcount rationalization efforts and certain rebranding costs; impact of divestitures; costs related to changing our fiscal year end; amortization of debt issuance costs; debt refinancing and extinguishment costs; abandoned lease costs; and costs associated with responding to unsolicited acquisition proposals and attempts to acquire control of the company. Restructuring costs are excluded from the non-GAAP financial measures, as such items vary significantly based on the magnitude of the restructuring activity and also do not reflect expected future operating expenses. Additionally, these costs do not necessarily provide meaningful insight into the current or past core operations of the business. • COVID-19 impacts . Represent costs directly related to the COVID-19 pandemic. Beginning January 1, 2023, we determined COVID-19 impacts should no longer be considered an adjusting item. This change was applied prospectively. The following is a reconciliation of net (loss) income to Beacon adjusted EBITDA for the periods presented below:

| ​                             
 (in millions)                 | ​ 
 ​ | ​ 
 ​ | Three Months EndedMarch 31, 
 2025                        |   |       |   | ​ | ​ | 2024 |   |       |   | ​ 
 ​ | ​ 
 ​ | Year Ended December 31, 
 2024                    |   |       |   | ​ | ​ | 2023 |   |       |   | ​ | ​ | 2022 |   |       |   | ​ 
 ​ |
|:------------------------------|:--|:--|:----------------------------|:--|------:|:--|:--|:--|:-----|:--|------:|:--|:--|:--|:------------------------|:--|------:|:--|:--|:--|:-----|:--|------:|:--|:--|:--|:-----|:--|------:|:--|:--|
| Net (loss) income             | ​ | ​ | ​                           | $ | -43.1 | ​ | ​ | ​ | ​    | $ |   5.6 | ​ | ​ | ​ | ​                       | $ | 361.7 | ​ | ​ | ​ | ​    | $ | 435.0 | ​ | ​ | ​ | ​    | $ | 458.4 | ​ | ​ |
| Interest