Latest news with #buildingproducts
Globe and Mail
6 days ago
- Business
- Globe and Mail
Installed Building Products to Report Second Quarter 2025 Financial Results
Installed Building Products, Inc. (the 'Company') (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today that the Company will release its second quarter financial results on August 7, 2025. A webcast and conference call will be held that same day at 10:00 a.m. (Eastern Time) to review the Company's results. Webcast: The conference call will be available on the investor relations section of the Company's website at To listen to a live webcast, go to the site at least 15 minutes prior to the scheduled start time to register, download and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least five minutes prior to start time: Domestic: 1-877-407-0792 International: 1-201-689-8263 Conference ID: 13753926 Alternatively, participants can register for the call 15 minutes prior to the event by using the Call Me™ option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the Call Me™ Link. Conference Call Playback: Domestic: 1-844-512-2921 International: 1-412-317-6671 Passcode: 13753926 The playback can be accessed through September 7, 2025 About Installed Building Products Installed Building Products, Inc. is one of the nation's largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of over 250 branch locations.
Globe and Mail
21-07-2025
- Business
- Globe and Mail
QXO Appoints Michael DeWitt as Chief Procurement Officer
QXO, Inc. (NYSE: QXO) today announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company's procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion of purchasing and digital transformation across 18 countries. He brings nearly three decades of experience in procurement innovation across multiple industries and continents. Brad Jacobs, chairman and chief executive officer of QXO, said, 'Michael has redefined what best-in-class procurement looks like. He's driven billions in savings, pioneered the use of AI in sourcing and built global teams that outperform. With his leadership, we expect to unlock significant value through procurement as we scale our platform.' At Walmart, DeWitt spearheaded the adoption of next-generation procurement technologies, including autonomous negotiation systems and AI-powered sourcing tools. His initiatives more than doubled annual savings in three years, while fostering a culture of innovation across Walmart's global footprint. Previously, as chief procurement officer of Highmark Health, he managed $8 billion in spend across five lines of business, establishing industry-leading performance benchmarks in procurement ROI. Earlier, he held senior sourcing leadership roles at Bayer, MEDRAD, Hewlett Packard and other global manufacturers. He began his career in logistics and inventory management in the U.S. Air Force. About QXO QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit for more information.
Yahoo
21-07-2025
- Business
- Yahoo
QXO Appoints Michael DeWitt as Chief Procurement Officer
GREENWICH, Conn., July 21, 2025--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company's procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion of purchasing and digital transformation across 18 countries. He brings nearly three decades of experience in procurement innovation across multiple industries and continents. Brad Jacobs, chairman and chief executive officer of QXO, said, "Michael has redefined what best-in-class procurement looks like. He's driven billions in savings, pioneered the use of AI in sourcing and built global teams that outperform. With his leadership, we expect to unlock significant value through procurement as we scale our platform." At Walmart, DeWitt spearheaded the adoption of next-generation procurement technologies, including autonomous negotiation systems and AI-powered sourcing tools. His initiatives more than doubled annual savings in three years, while fostering a culture of innovation across Walmart's global footprint. Previously, as chief procurement officer of Highmark Health, he managed $8 billion in spend across five lines of business, establishing industry-leading performance benchmarks in procurement ROI. Earlier, he held senior sourcing leadership roles at Bayer, MEDRAD, Hewlett Packard and other global manufacturers. He began his career in logistics and inventory management in the U.S. Air Force. About QXOQXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit for more information. View source version on Contacts Media Joe 203-609-9650Investor Mark 203-321-3889 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
16-07-2025
- Business
- Globe and Mail
BlueLinx to Host Second Quarter 2025 Results Conference Call and Webcast on July 30, 2025
BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, will issue second quarter 2025 financial results after the market closes on Tuesday, July 29, 2025. A conference call to discuss the Company's results will be hosted by Shyam Reddy, President and Chief Executive Officer, and C. Kelly Wall, Senior Vice President, Chief Financial Officer and Treasurer, on Wednesday, July 30, 2025, at 10:00 AM ET. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the BlueLinx website at and a replay of the webcast will be available shortly after the webcast is complete. To participate in the live teleconference: Domestic Live: 1-888-660-6392 International Live: 1-929-203-0899 Passcode: 9140086 To listen to a replay of the teleconference, which will be available through August 6, 2025: Domestic Replay: 1-800-770-2030 International Replay: 1-609-800-9909 Passcode: 9140086 ABOUT BLUELINX BlueLinx Holdings Inc. (NYSE: BXC) is a leading U.S. wholesale distributor of residential and commercial building products with both branded and private-label SKUs across product categories such as lumber, panels, engineered wood, siding, millwork, and industrial products. With a strong market position, broad geographic coverage footprint servicing 50 states, and the strength of a locally focused sales force, we distribute a comprehensive range of products to our customers which include national home centers, pro dealers, cooperatives, specialty distributors, regional and local dealers and industrial manufacturers. BlueLinx provides a wide range of value-added services and solutions to our customers and suppliers, and we operate our business through a broad network of distribution centers. To learn more about BlueLinx, please visit
Yahoo
12-07-2025
- Business
- Yahoo
Truist Sees Long Runway for QXO (QXO) Amid Housing and Infrastructure Tailwinds
QXO Inc. (NYSE:QXO) is one of the 11 best debt-free stocks to invest in right now. The company presents a compelling long-term investment opportunity as it aims to become the tech-enabled leader in a massive, fragmented industry. With over 7,000 distributors across North America, the $800 billion building products distribution market is primed for consolidation. QXO plans to build a $50 billion revenue platform over the next decade by acquiring undervalued regional businesses, particularly in roofing, waterproofing, and adjacent categories, and rapidly enhancing their performance. A construction site with workers wearing hard hats and safety vests, installing roofing materials. In addition, structural demand drivers, such as a persistent housing shortage, an aging housing base, and multitrillion-dollar infrastructure needs, should act as long-term tailwinds. Truist analyst Keith Hughes echoed this long-term view in his July 1 initiation of coverage on QXO, with a Buy rating and a $30 price target. According to Hughes, QXO's acquisition of Beacon Roofing Supply Inc. in April marks a significant first step toward consolidating what remains a highly fragmented industry. The analyst views this transaction as more than a one-off move. Instead, it reflects the company's broader ambition to scale rapidly through acquisitions. He noted that QXO has laid out an aggressive roadmap, one that will likely involve consistent deal flow. In Hughes' view, the company is well-positioned, both structurally and strategically, to execute on this pace of consolidation. QXO Inc. (NYSE:QXO) is a distributor of roofing, waterproofing, and complementary building products in the United States. While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Harvard University Stock Portfolio: Top 10 Stock Picks and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
