WSO, US9426222009

Watsco agrees to Granite deal: what it means for Watsco stock

Published on 10/07/2026 at 03:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Watsco stock this means USD 500.00 million in Granite revenue. The USD 505.00 million deal combines cash and stock on September 14, 2026.

WSO, US9426222009, Illustration mit AI erstellt.

Watsco, Inc. (US9426222009) agreed on September 14, 2026 to acquire The Granite Group for USD 505.00 million, combining 80.00 percent cash with 20.00 percent stock. MarketScreener reported that the transaction is expected to close after customary conditions and regulatory approvals.

What the deal means

The Granite Group adds a distributor with USD 500.00 million in revenue across the Northeast, giving Watsco a larger presence in plumbing and HVAC products. The target will continue operating as an independent business under its existing management, preserving its brands and local structure.

For Watsco, the transaction expands the acquisition strategy that also brought Jackson Supply into the group in 2026. Management's stated model combines distribution scale with local operating autonomy, which can support cross-selling without replacing the acquired company's commercial identity.

Q2 sales rose as profit fell

In the second quarter of 2026, Watsco generated revenue of USD 2.10 billion, up 2.00 percent from the prior-year quarter, while net income attributable to Watsco fell 11.00 percent to USD 163.34 million. StockTitan reported that diluted earnings per share were USD 4.00 and gross margin declined from 29.30 percent to 27.50 percent.

The first-half 2026 picture was similar: revenue reached USD 3.64 billion, up 1.00 percent year over year, while net income declined 8.00 percent to USD 242.41 million. That mix makes the Granite purchase strategically relevant, but margin recovery remains an important measure of whether added scale translates into stronger earnings.

Stock markers for investors

Watsco's market capitalization was USD 12.0 billion as of October 6, 2026, while the 52-week range was USD 285.62 to USD 459.00. The primary listing is NYSE under ticker WSO, and the company operates in industrial distribution, focused on air conditioning, heating and refrigeration equipment.

The prior close at Lang & Schwarz was EUR 258.30 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Watsco stock.