Rexel shares fall as weak Q3 sales, margin cut By Investing.com
Rexel's Trading Update: Rexel's shares fell 3.3% following a trading update that revealed a 2.1% decline in third-quarter sales and a downgrade of its 2024 EBITA margin forecast from 6.3%-6.6% to 5.9%, primarily due to weakening demand in key regions and pricing pressures.
Market Implications and Cash Flow Guidance: The margin cut signals potential challenges for suppliers in the low-voltage equipment sector, while Rexel improved its free cash flow guidance to over 65% amid cost-saving measures, although caution remains among investors due to overall market conditions.
Trade with 70% Backtested Accuracy
Analyst Views on RXL
No data
About the author
Building Supplies Firm QXO Plummets Following Stock Offering: Here's the Reason.
- Company Overview: QXO, led by billionaire Brad Jacobs, is pursuing acquisitions in the fragmented building supplies sector.
- Investor Sentiment: Investors are reportedly dissatisfied with QXO's approach to accumulating funds for mergers and acquisitions.
QXO Secures Additional $1.8 Billion to Bolster Its M&A Fund
Acquisition Plans: Building-supplies company QXO is raising $1.8 billion in financing to pursue potential acquisitions.
Recent Investment: This financing follows a $1.2 billion investment in QXO's convertible preferred stock from Apollo Global Management.
Investment Leaders: The new funding round is led by Apollo and Temasek, Singapore's sovereign wealth fund.
Leadership: QXO is led by entrepreneur Brad Jacobs, known for his track record in business acquisitions.
QXO Shares Surge Following Agreement with Apollo: What’s Driving Investor Enthusiasm?
- Investment for Growth: QXO, a building supplies company led by billionaire Brad Jacobs, is securing a significant investment to bolster its financial resources.
- Future Acquisitions: The funds will be used to enhance QXO's capacity for future acquisitions, indicating a strategic growth plan.
Building-Products Distributor QXO Prepares to Nominate Directors Over Beacon Deal
QXO's Acquisition Efforts: QXO, a new player in building-products distribution, is actively pursuing the acquisition of Beacon Roofing Supply with a cash offer of $124.25 per share.
Beacon's Response: Despite the offer being submitted on November 11, Beacon has reportedly refused to engage substantially with QXO regarding the proposal.
Exclusive | Building-Products Distributor QXO Makes Bid for Beacon Roofing
Acquisition Offer: QXO, a new entrant in building-products distribution, has proposed to acquire Beacon Roofing Supply.
Market Value: Beacon Roofing Supply is valued at approximately $6.2 billion, with its stock price increasing by about 14% this year.
ProShares Announces ETF Share Splits
ProShares ETF Share Splits: ProShares announced forward splits for three ETFs and reverse splits for 19 ETFs, effective November 7, 2024, which will adjust the number of shares and their prices without changing the total investment value for shareholders.
Impact on Shareholders: Forward splits will increase the number of shares while decreasing their price, whereas reverse splits will decrease the number of shares and increase their price; fractional shares from reverse splits will be redeemed for cash, potentially resulting in taxable events for some shareholders.
Building Supplies Firm QXO Plummets Following Stock Offering: Here's the Reason.
- Company Overview: QXO, led by billionaire Brad Jacobs, is pursuing acquisitions in the fragmented building supplies sector.
- Investor Sentiment: Investors are reportedly dissatisfied with QXO's approach to accumulating funds for mergers and acquisitions.
QXO Secures Additional $1.8 Billion to Bolster Its M&A Fund
Acquisition Plans: Building-supplies company QXO is raising $1.8 billion in financing to pursue potential acquisitions.
Recent Investment: This financing follows a $1.2 billion investment in QXO's convertible preferred stock from Apollo Global Management.
Investment Leaders: The new funding round is led by Apollo and Temasek, Singapore's sovereign wealth fund.
Leadership: QXO is led by entrepreneur Brad Jacobs, known for his track record in business acquisitions.
QXO Shares Surge Following Agreement with Apollo: What’s Driving Investor Enthusiasm?
- Investment for Growth: QXO, a building supplies company led by billionaire Brad Jacobs, is securing a significant investment to bolster its financial resources.
- Future Acquisitions: The funds will be used to enhance QXO's capacity for future acquisitions, indicating a strategic growth plan.
Building-Products Distributor QXO Prepares to Nominate Directors Over Beacon Deal
QXO's Acquisition Efforts: QXO, a new player in building-products distribution, is actively pursuing the acquisition of Beacon Roofing Supply with a cash offer of $124.25 per share.
Beacon's Response: Despite the offer being submitted on November 11, Beacon has reportedly refused to engage substantially with QXO regarding the proposal.
Exclusive | Building-Products Distributor QXO Makes Bid for Beacon Roofing
Acquisition Offer: QXO, a new entrant in building-products distribution, has proposed to acquire Beacon Roofing Supply.
Market Value: Beacon Roofing Supply is valued at approximately $6.2 billion, with its stock price increasing by about 14% this year.
ProShares Announces ETF Share Splits
ProShares ETF Share Splits: ProShares announced forward splits for three ETFs and reverse splits for 19 ETFs, effective November 7, 2024, which will adjust the number of shares and their prices without changing the total investment value for shareholders.
Impact on Shareholders: Forward splits will increase the number of shares while decreasing their price, whereas reverse splits will decrease the number of shares and increase their price; fractional shares from reverse splits will be redeemed for cash, potentially resulting in taxable events for some shareholders.
