QXO, Inc. announced strong preliminary third-quarter 2026 results and provided a long-term financial outlook targeting significant EBITDA growth by 2030. In a conference call, Chairman and CEO Brad Jacobs also announced plans to launch a new, separate business venture while reaffirming his full commitment to leading QXO.
Key Details
- Preliminary Q3 2026 Results: The company reported preliminary Q3 revenue of $4.9 billion and adjusted EBITDA of $557 million, with an adjusted EBITDA margin of 11.4%, driven by stronger-than-expected performance in September.
- Long-Term EBITDA Target: QXO aims to grow adjusted EBITDA from the current consensus of ~$1.75 billion to $4 billion by 2030 through organic growth and synergies. The company projects this could increase to $5.5 billion with the inclusion of accretive acquisitions funded by internal cash flow.
- CEO's New Venture: Brad Jacobs will lead a $1 billion investment to acquire a majority stake in public company CKX Lands (NYSE: CKX), which will serve as a growth platform. Jacobs will become Chairman and CEO of CKX while continuing in his current roles at QXO.
- Business Momentum: The company highlighted positive sales trends, with company-wide daily sales increasing 5.4% year-over-year in October 2026. Year-over-year pricing improved from -1.7% in April to +2.3% in September.