0722 ET - QXO says that its acquisition of TopBuild will help to sustain its merger playbook. The company says TopBuild has a capital light financial model with high margins, strong return on invested capital and consistent free cash flow generation that has consistently been in the 60% to 70% range. "Best-in-class margins reflect scale advantages and a differentiated value-added service offering," QXO says, adding that TopBuild's installation and distribution integrated model creates deep customer relationships driving economies of scale. "This strong cash flow generation will help fund future M&A at QXO," the company says. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

April 20, 2026 07:22 ET (11:22 GMT)

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