Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014598
Chunk: 50

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 50
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1, 2023 are classified as existing and all branches acquired after December 31, 2023 are classified as acquired.

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TABLE OF CONTENTS

Greenfields Beacon also applies the same definition for determining when a branch classification changes from greenfield to existing (i.e., branches are designated as greenfields until they have been opened for at least 12 calendar months (treating partial months as full months), after which such branches are classified as existing). It should also be noted that greenfield branches incur limited operating costs prior to their open date for things such as lease costs and other costs incurred in getting the branch ready to open. All such costs incurred prior to the greenfield open date are also classified as greenfield in all periods when discussing the results of operations. Comparison of the Years Ended December 31, 2024 and 2023 The following tables set forth consolidated statements of operations data and such data as a percentage of total net sales for the periods presented (in millions):

|                                                  |     | Year Ended December 31, 
                    2024 |     |     2023 |
|:-------------------------------------------------|:----|------------------------:|:----|---------:|
| Net sales                                        |     |                $9,763.2 |     | $9,119.8 |
| Cost of products sold                            |     |                 7,258.4 |     |  6,777.1 |
| Gross profit                                     |     |                 2,504.8 |     |  2,342.7 |
| Operating expense:                               |     |                         |     |          |
| Selling, general and administrative              |     |                 1,637.6 |     |  1,454.3 |
| Depreciation                                     |     |                   109.9 |     |     91.2 |
| Amortization                                     |     |                    91.9 |     |     85.0 |
| Total operating expense                          |     |                 1,839.4 |     |  1,630.5 |
| Income (loss) from operations                    |     |                   665.4 |     |    712.2 |
| Interest expense, financing costs and other, net |     |                   177.3 |     |    126.1 |
| Loss on debt extinguishment                      |     |                     2.4 |     |        — |
| Income (loss) before provision