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Dec 31, 2020
Whirlpool Q4 2020 Earnings Report
Reported strong fourth-quarter and full-year results, delivering on long-term value creation targets.
Key Takeaways
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%.
Q4 net sales growth of 7.7% and organic net sales growth of 10.3%, driven by strong consumer demand
Very strong Q4 GAAP net earnings margin of 8.6% (up 320 basis points) and ongoing (non-GAAP) EBIT margin of 11.3% (up 410 basis points), with positive EBIT and significant margin expansion in all regions
Solid full-year GAAP earnings per diluted share of $17.07 and record ongoing earnings per diluted share of $18.55, exceeding guidance
Significant cash generation for full-year 2020; cash provided by operating activities of $1.5 billion and free cash flow of $1.25 billion, with positive cash flow in North America, Latin America and EMEA
Whirlpool
Whirlpool
Whirlpool Revenue by Segment
Revenue by Segment
MDA North America Revenue
CapyFin.comMDA Latin America Revenue
CapyFin.comMDA Asia Revenue
CapyFin.com Forward Guidance
Strong 2021 outlook delivering on long-term financial goals:
Positive Outlook
- Full-year 2021 net sales increase of ~6 percent (the impact of currency on net sales for future periods is not included)
- GAAP earnings per diluted share of $17.80 to $18.80
- Ongoing earnings per diluted share of $19.00 to $20.00
- GAAP and adjusted tax rate (non-GAAP) of 24 to 26 percent
- Cash provided by operating activities of approximately $1.55 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income