QXO Shares Jump on Preliminary Results

QXO stock rose 16.7% in morning trading after the building products distributor released preliminary third-quarter figures showing strong sales growth.

Updated on Nov. 9, 2026 in Construction

Isometric editorial illustration of neatly stacked lumber and rebar bundles on pallets in an open yard, in muted slate, cream, and oxblood. — QXO shares rose 16.7% on Tuesday after the building products distributor reported preliminary third-quarter sales up 79% to nearly $5 billion, while CEO Brad Jacobs launched a $1 billion venture. AI Illustration. Upload story photo >

Shares of QXO rose 16.7% at 11:05 a.m. ET after the company released preliminary third-quarter results showing 79% year-over-year sales growth. Quarterly sales reached nearly $5 billion as QXO continues its acquisitive growth strategy.

Why it matters

Investors responded positively because CEO Brad Jacobs will remain at the helm of QXO while also launching a new venture. The results suggest the company's acquisition-driven expansion is translating into significant revenue gains in the building products sector.

Preliminary results show 79% year-over-year sales growth, with third-quarter sales reaching nearly $5 billion following the Kodiak Building Partners and TopBuild Corp. acquisitions. Final figures were not yet available, and the full impact of the recent deals on margins remains unclear.

The players

QXO

QXO is a building products supplier and distributor pursuing rapid growth through acquisitions, including its recent purchases of Kodiak Building Partners and TopBuild Corp.

Brad Jacobs

Brad Jacobs is an industrial executive known for founding and leading logistics companies including XPO, GXO, and RXO, and he now serves as chairman and CEO of QXO.

The details

QXO grows through an acquisitive strategy aimed at becoming a leading building products supplier and distributor, and earlier this year it bought Kodiak Building Partners and TopBuild Corp. Alongside the results, Brad Jacobs announced he is launching CKX Lands with a $1 billion investment while remaining chairman and CEO of QXO.

Earlier this year: QXO acquired Kodiak Building Partners and TopBuild Corp.
Last year: Jacobs concluded his chairmanships of XPO, GXO, and RXO.
November 9, 2026: QXO shares rose after the preliminary third-quarter results and CKX Lands announcement.

Market Landscape

Jacobs concluded his chairmanships of XPO, GXO, and RXO last year, and QXO's acquisition-led expansion extends that same playbook into the building products distribution market. The results position QXO to compete for consolidation in a sector where scale through acquisition has become a central strategy.

For contractors and builders buying materials, QXO's acquisitions of Kodiak and TopBuild could eventually shape distributor pricing and product availability across the building products market. The company's continued consolidation means customers may see changes in how building materials are sourced and delivered.

The takeaway

QXO's rapid revenue growth shows how acquisition-led strategies can quickly reshape a sector's competitive landscape. Watching whether the company sustains this momentum toward its $50 billion annual revenue target will reveal whether consolidation delivers lasting value.