Building materials distributor QXO reported its 2026 second-quarter financial results on Aug. 13 for April-June.

The Greenwich, CT-based distributor posted 2Q total sales of $3.25 billion, including $595 million attributable to Kodiak Building Partners, which was acquired on April 1. QXO logged a net loss of $55 million for the quarter, narrowing from $59 million a year earlier.

By lines of business, residential roofing products sales totaled $1.27 billion (up from $930 million year-over-year); non-res roofing sales were $736 million (up from $536 million); and complementary products totaled $1.23 billion ($426 million). Software products and services contributed $15 million.

QXO posted 2Q gross profit of $803 million, up from $401 million a year earlier, with gross margin of 24.7% compared with 21.1%. On an adjusted basis, gross margin decreased to 24.7% from 25.3%.

Adjusted EBITDA increased to $272 million from $204 million year-over-year, while adjusted EBITDA margin decreased to 8.4% from 10.7%. QXO also reported adjusted net income of $130 million, up from $109 million.

“Our second-quarter results reflect current market conditions and the progress we are making across the company,” QXO Chairman and CEO Brad Jacobs said in the company’s Aug. 13 earnings results. “We have begun upgrading technology across the company to deliver best-in-class customer service and meaningful financial growth. Following the completion of the TopBuild acquisition on July 1, QXO is the second-largest publicly traded building products distributor in North America, with greater scale and a broader presence at customers’ job sites. We are focused on our plan to more than double EBITDA by 2030 and reach $50 billion in revenue within the decade.”