QXO: a compelling opportunity in the building materials industry

The boss of QXO knows how to make a few billion dollars, and aims to repeat the trick. Investors would be wise to back him, says Jamie Ward

QXO logo
(Image credit: Thomas Fuller/SOPA Images/LightRocket via Getty Images)

In the vast and fragmented world of building-materials distribution, a new player is emerging with bold ambitions to reshape the industry.

QXO launched in 2023 and aims to become a market leader in an $830 billion sector that supplies everything from lumber to roofing for homes, offices and infrastructure projects.

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Jamie is an analyst and former fund manager. He writes about companies for MoneyWeek and consults on investments to professional investors.