Whirlpool Earnings Reports

Whirlpool's Q4 2024 results showed a decline in net sales primarily due to the Europe divestiture, though organic net sales saw growth. The company achieved its cost savings target but reported a GAAP net loss due to brand impairment. Looking ahead, Whirlpool is focused on further cost reductions and positioning for a U.S. housing market recovery.

Whirlpool Corporation reported Q3 2024 financial results, highlighting sequential ongoing EBIT margin expansion despite macroeconomic challenges in North America. The company is revising its full-year GAAP earnings per diluted share while reaffirming its ongoing earnings per diluted share and free cash flow guidance.

Whirlpool Corporation reported solid Q2 2024 results with sequential margin expansion globally and in MDA North America. The company is on track to deliver $300-$400 million in cost take out for the year. Net sales were $3,989 million, and GAAP earnings per diluted share were $3.96.

Whirlpool reported a decrease in net sales and a GAAP net loss for Q1 2024, impacted by a non-cash charge related to the Europe transaction. Strong performance in Latin America, Asia, and SDA Global was offset by challenges in North America. The company reaffirmed its full-year ongoing earnings per diluted share and free cash flow guidance.

Whirlpool Corporation reported Q4 2023 results with net sales growth of approximately 3% and a GAAP net earnings margin of 9.7%. The company achieved approximately $350 million in cost take out during the quarter and expects further cost reductions in 2024.

Whirlpool Corporation reported a net sales increase of approximately 3% in Q3 2023, driven by North America. Cost take out actions delivered approximately $300 million of year-over-year benefit in the quarter. The Europe transaction is expected to close by April 2024.

Whirlpool Corporation reported Q2 2023 financial results with net sales of $4.792 billion and GAAP earnings per diluted share of $1.55. The company reaffirms its full-year GAAP earnings per diluted share guidance of $13.00 to $15.00 and free cash flow of approximately $800 million.

Whirlpool Corporation reported Q1 2023 financial results, highlighting significant sequential margin expansion, particularly in North America, and progress against operational priorities. The company is on track to deliver a solid 2023 and is advancing its portfolio transformation.

Whirlpool Corporation reported a net sales decline of (15.3)% in Q4 2022, with organic net sales declining by (10.8)%. The results were impacted by a supply chain disruption in North America and a demand slowdown, which were partially offset by favorable price/mix. The company expects a benefit of $800 to $900 million in 2023 from cost takeout actions and easing raw material inflation.

Whirlpool Corporation reported a net sales decline of 12.8% and a GAAP earnings per diluted share of $2.60 for Q3 2022. The company is facing macroeconomic headwinds and inflation, which are expected to persist into the first half of 2023. Despite these challenges, Whirlpool is taking actions to navigate the environment and advance its portfolio transformation.

Whirlpool's Q2 2022 results were impacted by non-recurring charges, including a loss from the sale of its Russia business and EMEA asset impairment, leading to a GAAP net loss. However, the company delivered ongoing EBIT margin of 9.0% and ongoing earnings per diluted share of $5.97, driven by cost-based price increases, particularly in North America. Whirlpool returned approximately $400 million to shareholders through repurchases and dividends and is on track to return over $1.5 billion in the year.

Whirlpool Corporation reported a decrease in net sales and earnings for Q1 2022 compared to the previous year, but sales grew compared to pre-pandemic levels. The company is initiating a strategic review of its EMEA business and focusing on high growth and high margin businesses. While North America delivered strong EBIT margins, the company revised its full-year guidance downwards.

Whirlpool Corporation's Q4 2021 revenues were unchanged versus 2020 but up 8% versus 2019. The GAAP net earnings margin was 5.1%, and the ongoing (non-GAAP) EBIT margin was 8.6%. The company expects another year of record performance while increasing organic growth investments and returning approximately $1.5 billion in cash to shareholders.

Whirlpool Corporation reported strong third-quarter results with net sales growth of ~4%, driven by cost-based pricing initiatives and continued strong consumer demand. GAAP net earnings margin increased by 120 bps to 8.6%, and ongoing EBIT margin was a very strong 11.1%. The company also increased its full-year 2021 earnings per diluted share guidance to ~$27.80 on a GAAP basis and ~$26.25 on an ongoing basis.

Whirlpool Corporation reported strong Q2 2021 results, with net sales up by approximately 32%. The company's GAAP net earnings margin increased significantly, and ongoing EBIT margin also saw substantial growth. Strong earnings and strategic financial activities drove impressive cash flow from operating activities and free cash flow.

Whirlpool Corporation reported a net sales increase of approximately 24% in Q1 2021, driven by sustained global industry demand and cost-based pricing actions. The company's GAAP net earnings margin increased by 450 basis points, and the ongoing EBIT margin rose by 620 basis points. Due to strong earnings and disciplined working capital management, Whirlpool generated $182 million in cash from operating activities and $132 million in free cash flow.

Whirlpool Corporation reported a 7.7% increase in Q4 net sales and a 10.3% increase in organic net sales, driven by strong consumer demand. The company's GAAP net earnings margin was 8.6%, and the ongoing EBIT margin was 11.3%.

Whirlpool Corporation reported outstanding third-quarter 2020 results, with net sales growth of 3.9% globally and organic net sales growth of 7.0%. The company achieved a GAAP net earnings margin of 7.5% and a record ongoing EBIT margin of 12.0%.

Whirlpool Corporation reported solid Q2 results despite the impact of COVID-19, driven by decisive actions and a resilient business model. The company saw demand recovery in June and implemented a COVID-19 response plan that resulted in cost savings and a strong cash balance.

Whirlpool Corporation reported resilient first-quarter results with GAAP earnings per diluted share of $2.41 and ongoing earnings per diluted share of $2.82. The company's performance reflected the hard work of its employees, its focus on consumers, and the resilience of its business, with strong liquidity enabling it to weather the crisis.

Whirlpool Corporation reported strong fourth-quarter and full-year 2019 results, exceeding guidance expectations despite a challenging macro-environment. All regions were profitable during Q4, with North America demonstrating strong EBIT margins. The company provided a solid outlook for 2020.