QXO, Inc. experienced a price decline of 3.78%, with the stock price at $19.62, down by 77 cents from the previous close of $20.39. The trading volume was at $8 million, representing 83.5% of the average volume. The asset's performance was impacted by these figures amidst the current market conditions.
Oppenheimer maintained an "Outperform" grade for QXO with a hold action. The company's previous grade was also "Outperform." These analyst ratings were published on April 27th when the price stood at $20.97.
QXO demonstrated a positive free cash flow of $158.20 million and a net cash increase of $54.7 million. Notable cash movements include acquisitions netting $10.56 billion and debt repayment of $54.9 million. The company ended the period with $2.37 billion in cash.
QXO reported a revenue of $2.19 billion, generating a gross profit of $529.81 million. Notably, the company had an operating loss of $69.5 million and a net loss of $90.25 million. Earnings per share (EPS) stood at -17 cents.
Key financial ratios for QXO include a quick ratio of 2.61, gross profit margin of 24.15%, and a debt ratio of 28.18%. The return on assets and equity were negative, indicating financial challenges.
QXO's balance sheet reveals total assets of $15.89 billion, with cash and cash equivalents at $2.36 billion. The company holds total debt of $4.48 billion, resulting in a net debt of $2.11 billion.
This comprehensive analysis provides insights into the current financial standing and performance of the QXO asset.
QXO, Inc. distributes roofing, waterproofing, and other building products in the United States. It offers asphalt, metal roofing, wood roofing, tile roofing, slate roofing, roofing accessories, and roofing insulation products; vinyl siding, aluminum siding, steel siding, fiber cement siding, wood and composite siding, trim and accessories, and gutters and accessories; built-up roofing, modified roofing, EPDM roofing, PVC roofing, and low-slope metal roofing; as well as air and vapor barriers, fluid-applied products, repair and protection solutions, and membrane waterproofing products. The company also provides building materials and supplies, such as exterior materials, interior materials, and tools and equipment; and roof hatches and other tri-built building products. It serves contractors, distributors, and suppliers to streamline operations. QXO, Inc. was formerly known as SilverSun Technologies, Inc. and changed its name to QXO, Inc. in June 2024. The company is based in Greenwich, Connecticut.