QXO Says TopBuild to Benefit From Demand Tailwinds -- Market Talk

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0740 ET - QXO says its acquisition target TopBuild will benefit from secular tailwinds fueling strong demand for its building products. Housing undersupply, aging stock, data center construction and energy efficiency regulation all support a growing total addressable market. Meanwhile, the company is diversified across residential, commercial and industrial end-markets and has a growing non-cyclical repair & maintenance mix, driving consistent, balanced growth. The combined company's business will be 51% residential, 36% commercial and industrial and 13% complementary. It will be evenly split between new construction and repair and remodel. (nicholas.miller@wsj.com)

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April 20, 2026 07:40 ET (11:40 GMT)

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