QXO Inc.: Becoming the technology-driven market leader in building materials distribution through acquisitions - Benchmark sees 165% upside potential

QXO Inc. (QXO) is aiming to become a technology-driven leader in the building materials distribution business. Recently, the company acquired Beacon Roofing Supply Inc., making it the largest publicly traded supplier of roofing materials in North America. The company’s strategy is to achieve annual revenue of $50 billion over the next ten years through further acquisitions and organic growth. Strong fundamentals due to an acquisition On August 14, the group presented its report for the second quarter. Accordingly, revenue increased from $14.5...