QXO shares surged 16.6% in after-hours trading to $27.06 after announcing a $2.25 billion cash-and-stock deal to acquire Kodiak Building Partners.

Building products distributor QXO Inc. said Wednesday it has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion, with Paul Weiss Rifkind Wharton & Garrison LLP advising QXO and Dechert LLP representing Kodiak.

January job numbers, gold and silver prices, Trump-Iran-Netanyahu, and more are moving stocks and the Pro Portfolio today.

QXO is buying Kodiak Building Partners for $2.25B in cash and stock, expanding its building materials empire and boosting 2026 earnings.

Building-products distributor QXO , led by billionaire dealmaker Brad Jacobs, has agreed to buy smaller private distributor Kodiak Building Partners for about $2.25  billion, according to two people with direct knowledge of the deal.

QXO, Inc. (NYSE:QXO) is among the stocks under $50 to buy now. On January 16, Oppenheimer lifted the price target on QXO, Inc. (NYSE:QXO) to $30 from $27 and

QXO (NYSE: QXO) priced a public offering of 31,645,570 shares of common stock at $23.80 per share and expects the offering to close on January 20, 2026, subject to customary closing conditions.The company granted the underwriter an option to purchase up to an additional 4,746,835 shares at the public offering price less underwriting discounts and commissions. QXO intends to use net proceeds for general corporate purposes, which may include funding future acquisitions. BofA Securities is sole underwriter and the offering is being made by prospectus supplement under QXO's effective Form S-3ASR registration statement.

QXO (NYSE: QXO) announced an intended public offering of $750 million of common stock, with the underwriter granted an option to buy up to an additional $112.5 million of shares, for a potential total of $862.5 million. BofA Securities is acting as sole underwriter. QXO said net proceeds will be used for general corporate purposes, which may include funding future acquisitions. The Offering will be made by prospectus supplement under QXO’s effective Form S-3ASR registration statement and is subject to the terms in that prospectus.

QXO (NYSE: QXO) provided summarized preliminary financial information for the fourth quarter ended December 31, 2025. The company reported net sales of approximately $2.19 billion and adjusted EBITDA of approximately $150 million. QXO said these results are preliminary, unaudited and subject to completion and may change after quarter-end procedures and management review.The company expects to file its annual report on Form 10-K for the year ended December 31, 2025 on February 26, 2026. Investors are cautioned that preliminary estimates may materially differ from final audited results.

QXO said on Monday it secured an additional $1.8 billion in financing led by Apollo Global Management , Temasek and other investors, as billionaire Brad Jacobs' firm targets acquisitions in the consolidating U.S. building-products industry.