CompetitionQXO is now fighting for assets with three large, well-capitalized companies who have shown willingness to pay richer multiples.
Demand ConcernsElevated rates continue to subdue the residential and nonresidential demand backdrop, as buyers remain constrained by affordability pressures, and tight lending conditions continue to pressure commercial construction activity.
Industry RisksPrimary risks include M&A execution, industry competitiveness, and cyclicality/volatility of end market demand.