Core Viewpoint - Bank of America has lowered its price target on Whirlpool (WHR) to $60 from $70 and maintains an Underperform rating following the company's Q3 performance and revised guidance [1] Financial Performance - Whirlpool reported Q3 adjusted EBIT of $180 million [1] - The company has cut its 2025 adjusted EBIT guidance to approximately $800 million from $900 million [1] - Free cash flow guidance has also been reduced to about $200 million from $400 million [1] Forecast Adjustments - Following the Q3 report, Bank of America has lowered its 2025 EBITDA forecast by 8% and its 2026 EBITDA forecast by 6% [1] - The adjustments reflect a weaker gross margin outlook for the company [1]

Whirlpool Corporation Confidential Third-Quarter 2025 Earnings Review Tuesday, October 28, 2025 Whirlpool Corporation Confidential Cautionary Statement This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ("Whirlpool") that speak only as of this date. Whirlpool disclaims any obligation to update these statements. Forward-looking statements in this document may include, but are not limited to, statements regarding future financial results, long-term ...

Core Insights - Whirlpool Corporation (WHR) reported third-quarter 2025 results with adjusted EPS of $2.09, a 39.1% decline from $3.43 in the previous year, but exceeding the Zacks Consensus Estimate of $1.41 [1][10] - Net sales reached $4.033 billion, a 1% increase year over year, surpassing the Zacks Consensus Estimate of $3.925 billion [3][10] Financial Performance - Gross profit for the quarter was $594 million, down 7.6% from $643 million year over year, with a gross margin of 14.7%, a decrease of 140 basis points [4] - Selling, general and administrative (SG&A) expenses rose 2.5% year over year to $405 million, representing 10% of net sales [5] - Ongoing EBIT was $180 million, a 22.7% decline from $233 million in the prior year, with an EBIT margin of 4.5%, down 140 basis points [5] Segment Performance - MDA North America segment net sales increased 2.8% year over year to $2.72 billion, but EBIT decreased 30.6% to $134 million [6] - MDA Latin America segment net sales fell 5.2% year over year to $802 million, with EBIT declining 22% to $45 million [7] - MDA Asia segment net sales decreased 7.3% year over year to $222 million, with EBIT down 37.9% to $4 million [8] - SDA Global segment net sales rose 10.5% year over year to $288 million, with EBIT increasing 28.8% to $47 million [9] Outlook - For 2025, Whirlpool projects net sales of $15.8 billion, down from $16.6 billion in the previous year, with an ongoing EBIT margin of 5% [12] - Expected ongoing EPS for 2025 is $7.00, a decrease from $12.21 in 2024, with anticipated cash from operating activities of nearly $600 million [13] Financial Health - As of the end of Q3 2025, Whirlpool had cash and cash equivalents of $934 million and long-term debt of $6.2 billion [11] - The company declared a dividend of 90 cents per share for Q4 2025 [11]

Financial Performance - Net sales for Q3 2025 were $4,033 million, a slight increase from $3,993 million in Q3 2024, while year-to-date sales decreased to $11,426 million from $12,471 million[17]. - Gross margin for Q3 2025 was $594 million, down from $643 million in Q3 2024, with year-to-date gross margin at $1,811 million compared to $1,910 million in the previous year[17]. - Net earnings available to Whirlpool for Q3 2025 were $73 million, a decrease from $109 million in Q3 2024, while year-to-date net earnings increased to $210 million from $69 million[17]. - The company reported a comprehensive income of $92 million for Q3 2025, compared to $25 million in Q3 2024[17]. - Total net sales for the three months ended September 30, 2025, were $4,033 million, a slight increase from $3,993 million in the same period of 2024, while total net sales for the nine months ended September 30, 2025, were $11,426 million, down from $12,471 million in 2024[51]. - The company reported a comprehensive income of $92 million for the three months ended September 30, 2025, with net earnings of $73 million[109]. - Consolidated net sales increased by 1.0% to $4,033 million for Q3 2025, but decreased by 8.4% to $11,426 million for the nine months ended September 30, 2025, primarily due to the deconsolidation of the European segment[143][145]. Assets and Liabilities - Total assets as of September 30, 2025, were $16,893 million, up from $16,301 million at the end of 2024[19]. - Long-term debt increased to $6,165 million as of September 30, 2025, compared to $4,758 million at the end of 2024[19]. - Cash and cash equivalents decreased to $934 million at the end of Q3 2025 from $1,275 million at the end of 2024[21]. - The company reported a total inventory of $2,593 million as of September 30, 2025, compared to $2,035 million as of December 31, 2024[55]. - The company’s property, plant, and equipment, net, amounted to $2,309 million as of September 30, 2025, compared to $2,275 million as of December 31, 2024[56]. - The company had total committed credit facilities of approximately $4.0 billion at September 30, 2025[203]. Cash Flow and Financing - Operating activities resulted in a cash outflow of $669 million for the nine months ended September 30, 2025, compared to an outflow of $271 million in the same period of 2024[21]. - Cash used in operating activities increased to $(669) million for the nine months ended September 30, 2025, compared to $(271) million in the same prior year period[198]. - Cash provided by financing activities increased to $503 million for the nine months ended September 30, 2025, compared to $222 million in the same prior year period[202]. - The company has a total borrowing capacity of $3.5 billion under the Amended Long-Term Credit Agreement, maturing on May 3, 2027[65]. - The company had $1.1 billion outstanding under the Amended Long-Term Facility and $300 million under the Term Loan Agreement as of September 30, 2025[68]. Expenses and Costs - Dividends declared for Q3 2025 were $0.90 per share, down from $1.75 per share in Q3 2024[17]. - The cost of products sold for Q3 2025 was $3.439 billion, compared to $3.350 billion in Q3 2024, reflecting an increase of about 2.6%[126]. - Selling, general and administrative expenses increased to 10.1% of net sales for Q3 2025, compared to 9.9% in Q3 2024, mainly due to higher marketing spend[174]. - Restructuring charges for the three months ended September 30, 2025, totaled $6 million, compared to $8 million for the same period in 2024[121]. - The company anticipates incurring approximately $50 million in restructuring charges for the full year 2025[177]. Tax and Regulatory Matters - Income tax expense for the three months ended September 30, 2025, was $33 million, compared to $45 million for the same period in 2024[122]. - The company’s effective worldwide tax rate for the nine months ended September 30, 2025, resulted in an income tax expense of $105 million, compared to a benefit of $(85) million for the same period in 2024[122]. - The final fine amount from the French Competition Authority is set at $75 million, with $46 million attributable to the company's France business[83]. Investments and Equity - The company has a 25% ownership stake in Beko Europe B.V., with a carrying amount of $21 million as of September 30, 2025, down from $74 million as of December 31, 2024[41]. - The fair value of the investment in Whirlpool China was $219 million as of September 30, 2025[41]. - The company holds a 25% equity interest in Beko following the disposal of its European major domestic appliance business[106]. Market Performance - MDA North America net sales increased by 2.8% for Q3 2025, while MDA Latin America and MDA Asia experienced declines of 5.2% and 7.3%, respectively[150][155][160]. - SDA Global net sales increased by 10.5% for Q3 2025, driven by favorable product price/mix, with an EBIT margin of 16.5%[166][168].

Whirlpool (WHR) posted better-than-expected results after market close on Monday. The stock rose 3% after hours. Revenue came in at $4.03 billion, beating Wall Street’s forecast of $3.93 billion, per Bloomberg consensus data. Adjusted earnings per share came in higher than expected at $2.09, versus the Street’s estimates of $1.40. “We had a significant amount of new product launches, especially in the Kitchen Aid [and] major domestic appliance space,” Jim Peters, Whirlpool CFO, told Yahoo Finance. A 2.8 ...

Whirlpool (WHR) reported $4.03 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 1%. EPS of $2.09 for the same period compares to $3.43 a year ago.The reported revenue represents a surprise of +2.76% over the Zacks Consensus Estimate of $3.92 billion. With the consensus EPS estimate being $1.41, the EPS surprise was +48.23%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Whirlpool (WHR) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $3.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +48.23%. A quarter ago, it was expected that this maker of Maytag, KitchenAid and other appliances would post earnings of $1.54 per share when it actually produced earnings of $1.34, delivering a surprise of -12.99%.Over ...

Margin compression and rising capex signal deeper strain despite modest revenue growth and North America market share gains. ...

Core Viewpoint - The company anticipates continued momentum driven by a refreshed lineup of KitchenAid appliances, which has secured more retail space [1] Group 1 - The Chief Financial and Administrative Officer, Jim Peters, expressed optimism about ongoing momentum in the business [1]

Whirlpool Corporation Announces Third-Quarter Results; Delivers Revenue Growth BENTON HARBOR, Mich., October 27, 2025 - Whirlpool Corporation (NYSE: WHR), today reported third-quarter financial results. "I am pleased by the progress in North America, delivering share gains and flooring expansion as we execute a record year of new product launches," said Marc Bitzer. "The core fundamentals of our business remain strong and we are confident that the newly announced investment in our U.S.-based laundry facilit ...