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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
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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