QXO reports Q4 EPS (2c), consensus (5c)

Reports Q4 revenue $14.7M, consensus $14M. Adjusted EBITDA, a non-GAAP measure, was a loss of $(7.7M) , compared with a gain of $0.7M for the same period in 2023. The year-over-year decrease in adjusted EBITDA reflects costs related to the introduction of a new senior management team to execute QXO‘s (QXO) expansive growth plan. As of December 31 the company had approximately $5.1B in cash on hand and no debt. “We are making significant strides in establishing QXO as a tech-forward leader in the $800 billion building products distribution industry,” said Brad Jacobs, chairman and chief executive officer of QXO. “Our strong balance sheet, including more than $5 billion of cash and no debt, is enabling our world-class leadership team to pursue high-value M&A opportunities.”