Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014598
Chunk: 61

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 61
---
 net sales generated by its operations outside of the U.S., which can adversely impact its net income and cash flows. Approximately 3.0% of its net sales in 2024 were derived from sales to customers in Canada. This business is primarily conducted in the local currency. This exposes Beacon to risks associated with changes in foreign currency that can adversely affect net sales, net income, and cash flows. A 10% fluctuation of foreign currency exchange rates would not have a material impact on the results of operations or cash flows; therefore, Beacon currently does not enter into financial instruments to manage this minimal foreign currency exchange risk.

Commodity Price Risk

Beacon is exposed to changes in prices of commodities used in its operations, primarily associated with energy, such as crude oil, and raw materials, such as asphalt and lumber. Beacon generally manages the risk of changes in commodity prices that impact its costs by seeking to pass commodity-related inflation on to its customers. Beacon may enter into derivative financial instruments to mitigate the potential impact of commodity price fluctuations on the results of operations or cash flows. As of December 31, 2024, Beacon had no such derivative financial instruments in place.**

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#### TABLE OF CONTENTS

### BUSINESS OF BEACON
Unless otherwise indicated or the context otherwise requires, in this Business section, references to “Beacon” and the “Company” refer to Beacon and its consolidated subsidiaries before giving effect to the Acquisition.

### Overview
Beacon is the leading publicly-traded specialty wholesale distributor of roofing and complementary building products, including waterproofing products, in North America. Beacon has served the building industry for over 95 years and as of December 31, 2024, operated 586 branches throughout all 50 states in the U.S. and seven provinces in Canada. Beacon offers an extensive range of high-quality professional grade exterior products comprising over 135,000 SKUs, and it serves approximately 110,000 residential and non-residential customers who trust Beacon to help them save time, improve efficiency, and enhance productivity.

Beacon differentiates itself in the industry by providing its customers with seamless execution, service differentiation, and a solutions-based approach that allows Beacon to meet each of its individual customer’s specific needs. Beacon also works closely with its suppliers, who rely on it to position their products advantageously in the market, supporting advances in products and services that ultimately benefit its customers.

#### Beacon’s Industry
Specialty distributors of roofing and complementary building products serve the