Reports Q2 revenue $1.91B, consensus $1.87B. Brad Jacobs, chairman and chief executive officer of QXO (QXO), said, “The integration of Beacon is progressing well, and we’ve identified opportunities that exceed our initial expectations. We’ve made key strategic hires and launched a broad transformation initiative, focusing on pricing, procurement, sales, organizational structure, logistics, and other core drivers of performance. We’re confident we will at least double legacy Beacon EBITDA organically. Looking ahead, we see strong momentum in both our acquisition pipeline and organic initiatives, reinforcing our long-term goal of reaching $50 billion in annual revenue within the next decade.”
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