QXO's November 9 preliminary disclosure estimated third-quarter sales of approximately $4.90 billion against $2.73 billion a year earlier, a 79% increase. Estimated adjusted EBITDA was $557 million against $301 million, while the estimated GAAP net loss was $123 million against $139 million. These are preliminary, unaudited figures for the quarter ended September 30, 2026. [1]
The reporting perimeter changed materially. The 2026 quarter includes Kodiak Building Partners from April 1 and TopBuild from July 1; neither is included in the prior-year quarter. The consolidated growth figures consequently combine businesses absent from the comparison, rather than measuring organic growth in roofing distribution. [1]
The TopBuild completion announcement confirms the July 1 closing and explains the additional business scope. QXO described broader insulation distribution and installation capabilities and greater exposure to end markets including data centers. It also identified procurement, pricing and cross-selling as sources of expected acquisition benefits. Those activities extend beyond the roofing products purchased by a contractor. [2]
At closing, management expected at least $300 million of annual synergies by 2030. That was a forward-looking target, not a reported quarterly saving. A procurement benefit retained by the distributor would also differ from a reduction in a contractor's delivered material price. The announcement supplies no quantified pass-through to roofing customers. [2]
QXO described itself after the acquisition as North America's largest insulation distributor and installer, second-largest roofing distributor and largest waterproofing distributor. These are issuer rankings across different product categories, illustrating why consolidated scale should be distinguished from conditions in a single roofing channel. [2]
Update, November 12, 2026: QXO has now reported full quarterly results. Its SEC-filed release reports sales of $4.895 billion, including $1.64 billion from TopBuild and $589 million from Kodiak, alongside a $123 million GAAP net loss and $557 million of adjusted EBITDA, a non-GAAP measure. Those acquired contributions explain why the headline growth rate cannot establish organic roofing growth. This update supersedes the earlier statement that full results were still expected; the November 9 figures and graphic above remain labeled as preliminary. [3]