Financial Performance - Net sales for Q1 2025 were $3,621 million, a decrease of 19.4% compared to $4,490 million in Q1 2024[17] - Gross margin for Q1 2025 was $607 million, down from $642 million in Q1 2024, reflecting a decline of 5.5%[17] - Operating profit improved to $184 million in Q1 2025, compared to a loss of $116 million in Q1 2024[17] - Net earnings available to Whirlpool for Q1 2025 were $71 million, a significant recovery from a loss of $259 million in Q1 2024[17] - Basic net earnings per share for Q1 2025 were $1.29, compared to a loss of $4.72 per share in Q1 2024[17] - Total net sales for the three months ended March 31, 2025, were $3.621 billion, down from $4.490 billion for the same period in 2024, representing a decrease of approximately 19.4%[50] - The company reported a comprehensive loss of $112 million for the first quarter of 2025, which included currency translation adjustments and cash flow hedges[106] - The net earnings for the first quarter of 2025 were $71 million, a significant recovery from a net loss of $259 million in the same period of 2024[108] Assets and Liabilities - Total assets increased to $16,514 million as of March 31, 2025, up from $16,301 million at the end of 2024[19] - Total current liabilities rose to $7,534 million as of March 31, 2025, compared to $7,323 million at the end of 2024[19] - Cash and cash equivalents decreased to $1,024 million at the end of Q1 2025, down from $1,275 million at the end of 2024[21] - The outstanding amount for the term loan at March 31, 2025, is $1.5 billion, with a maturity date of October 31, 2025[59] - As of March 31, 2025, the total notes payable amounted to $619 million, a significant increase from $18 million at December 31, 2024, primarily due to the issuance of commercial paper[67] - The company has committed credit facilities totaling $3.5 billion and $1.5 billion in term loans, with additional facilities in Brazil and India providing borrowings of approximately $186 million and $173 million at March 31, 2025, and December 31, 2024, respectively[65][66] Cash Flow and Operating Activities - The company reported cash used in operating activities of $721 million for Q1 2025, an improvement from $873 million in Q1 2024[21] - The company expects to generate cash from operating activities of approximately $1 billion and capital expenditures of about $450 million for the full year 2025[200] Restructuring and Costs - Total restructuring charges for the first quarter of 2025 amounted to $10 million, compared to $23 million in the same period of 2024[114] - The company incurred $21 million in total costs related to workforce reduction plans, with $14 million attributed to employee termination costs[112] - The MDA North America segment reported restructuring charges of $6 million for the first quarter of 2025, up from $4 million in the same period of 2024[114] Investments and Equity - The carrying amount of the investment in Beko Europe decreased from $74 million as of December 31, 2024, to $59 million as of March 31, 2025, while the carrying amount for Whirlpool China increased from $191 million to $193 million in the same period[41] - The company holds a 25% equity interest in Beko following the disposal of its European major domestic appliance business[102] - As of March 31, 2025, Whirlpool's total stockholders' equity decreased to $2.829 billion from $2.933 billion at the end of 2024, reflecting a comprehensive loss of $34 million[105] Market Conditions and Risks - The company is facing a global shortage of certain components, such as semiconductors, and input cost inflation due to various geopolitical factors[205] - The recent trade policy and tariff actions by the U.S. government have increased the cost of certain raw materials and components, creating significant uncertainty for the business[204] - The company has filed petitions alleging violations of trade laws by competitors, resulting in extended antidumping duties on certain large residential washers from China and Mexico[202] Legal and Compliance - The company is currently involved in various legal actions, including class action lawsuits, but management believes these will not have a material adverse effect on financial statements[81] - The company has received tax assessments related to BEFIEX credits totaling approximately 2.4 billion Brazilian reais (approximately $420 million) as of March 31, 2025, which are being disputed[71] Dividends and Share Repurchase - The company declared dividends totaling $97 million in the first quarter of 2025, compared to $94 million in the same period of 2024[105] - The share repurchase program has approximately $2.5 billion remaining as of March 31, 2025, with no shares repurchased during the first quarter of 2025[109] Future Outlook - The company anticipates delivering over $200 million in cost take out and expanding margins in 2025 despite a challenging macro environment[135] - The company expects flat industry demand in North America and a growth of 0-3% in Latin America, with Asia expected to grow by 3-5%[200]

First-Quarter 2025 Earnings Review Thursday, April 24, 2025 Whirlpool Corporation Confidential 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 v ...

Whirlpool shares have lost about 32.5% since the beginning of the year versus the S&P 500's decline of -10.1%. What's Next for Whirlpool? While Whirlpool has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter( ...

Whirlpool Expands Margins in First-Quarter; Full-Year Guidance Unchanged BENTON HARBOR, Mich., April 23, 2025 - Whirlpool Corporation (NYSE: WHR), today reported first-quarter financial results. "Despite the uncertain macro environment which impacted consumer confidence in the first quarter, we delivered 160 basis points of margin expansion," said Marc Bitzer. "This is testimony of our strong brands and products as well as our agile and disciplined operational execution." MARC BITZER, CHAIRMAN AND CHIEF EXE ...

Expanded margins year-over-year driven by previously announced pricing actions and cost take out Q1 net sales decline of (19.4)% due to the Europe divestiture; organic net sales(1) growth of 2.2% driven by very strong SDA Global and MDA Asia businesses Q1 GAAP net earnings margin of 2.0% (up 780 basis points vs. (5.8)% in Q1 2024); GAAP earnings per diluted share of $1.28 Q1 ongoing (non-GAAP) EBIT margin(2) of 5.9% (up 160 basis points vs. 4.3% in Q1 2024); ongoing earnings per diluted share(3) of $1.70 2 ...

Core Viewpoint - The stock market experienced an overcorrection due to tariff-induced fears, leading to a sell-off of fundamentally sound stocks that present deep value opportunities for investors as concerns subside [1][2]. Group 1: Snap-on - Snap-on reported mixed Q1 results but maintains a resilient business outlook, with expectations for stability in 2025 [2][4]. - The company has an attractive capital return strategy, with a dividend yield of 2.77% and share buybacks that enhance shareholder value [4]. - Balance sheet highlights include increased cash, inventory, and assets, with equity rising over 2% and low leverage [4]. Group 2: Whirlpool - Whirlpool's Q1 results showed a significant contraction in revenue and earnings, attributed to divestitures and repositioning efforts to capture the U.S. housing market recovery [5][6]. - The company is well insulated from tariff threats, with 80% of goods manufactured in the U.S., and its dividend yield stands at 9% [6]. - Q1 balance sheet highlights include reduced debt and a 13% increase in equity, indicating financial stability [6]. Group 3: Verizon - Verizon is not experiencing rapid growth but is leading the industry in size and scope, reaffirming its guidance for expanding free cash flow [9][10]. - The company has improved its free cash flow through debt reduction and strengthening its balance sheet, with a dividend payout expected to grow at a low single-digit pace [10]. Group 4: Cintas - Cintas' stock price pullback is linked to several factors, but the business remains strong with expected capital returns continuing [14][15]. - The company benefits from healthy labor markets, which support its growth trajectory [15]. Group 5: Lockheed Martin - Lockheed Martin's stock price decline is primarily due to the loss of a critical contract, but fundamentals remain strong with solid Q1 results and a robust outlook for U.S. government defense spending [18][19]. - The dividend yield is 2.85%, and share buybacks have reduced the share count by 2.6% year-over-year in Q1 [19].

Whirlpool TodayWHRWhirlpool$75.75 -3.09 (-3.91%) 52-Week Range$75.04▼$135.49Dividend Yield9.24%Price Target$106.00Add to WatchlistWhirlpool NYSE: WHR faces challenges and headwinds like any business in 2025, including the impacts of tariffs and trade relations. However, its high-quality operations have improved over the past year, further improvements are expected, and its 9% yield is reliable. The company’s efforts include a refocus on domestic growth that meant divesting European operations and reducing ...

Whirlpool Corporation (WHR) is slated to release first-quarter 2025 results on April 23, after the closing bell. The household appliance company’s bottom line is expected to have declined year over year.For first-quarter revenues, the Zacks Consensus Estimate is pegged at $3.68 billion, indicating an 18.1% decrease from the prior-year quarter’s reported figure. The consensus estimate for quarterly earnings has remained stable in the past seven days at $1.73 per share. The consensus mark for earnings indicat ...

BENTON HARBOR, Mich., April 16, 2025 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) will release its first-quarter financial results and presentation materials at 4:05 p.m. ET on Wednesday, April 23, 2025. Whirlpool Corporation will hold a conference call to discuss its performance with the investment community at 8 a.m. ET on Thursday, April 24, 2025.To participate in the conference call, dial 1 (888) 440-4038 and Conference ID 2610251. International participants should dial 1 (646) 960-0861 and Confere ...

Core Viewpoint - Whirlpool Corporation's shares have declined by 24.3% over the past six months, underperforming the broader Zacks Consumer Discretionary sector and the S&P 500, which fell by 4% and 6.6% respectively, while slightly outperforming the industry's 23.3% decline [1] Group 1: Stock Performance - The stock closed at $79.43, near its 52-week low of $75.04 reached on April 9, leading to investor debates on whether Whirlpool is set for a rebound or a prolonged slump [4] - The company's stock performance is closely linked to consumer discretionary spending and the housing market, both of which have been negatively affected by persistent inflation, high interest rates, and increased mortgage costs [3] Group 2: Sales and Financial Performance - In Q4 2024, Whirlpool experienced a 1.4% decline in North America sales, primarily due to a significant reduction in trade inventory levels, while Latin America sales fell by 4% year-over-year, contributing to an 18.7% year-over-year decline in net sales for the quarter [5][6] - Management provided a cautious forecast for 2025, expecting net sales of $15.8 billion, down from $16.6 billion in the previous year, and ongoing EPS of $10.00, down from $12.21 [7] Group 3: Margin and Cost Challenges - Despite forecasting an EBIT margin of 6.8% for 2025, up from 5.3% in 2024, Whirlpool anticipates that increased marketing and technology investments will negatively impact margins by 50 basis points, along with currency fluctuations affecting margins by another 50 basis points [8] - The company's premium valuation is becoming a concern, with a forward 12-month P/E ratio of 8.04X, significantly higher than the industry average of 6.89X, raising questions about the sustainability of this valuation amid slowing growth and rising costs [9] Group 4: Strategic Initiatives - Whirlpool is implementing cost-reduction efforts, including organizational simplification and supply chain alignment, to protect margins and boost productivity [11] - The company is positioned for organic growth of 3% in 2025, driven by a significant product refresh, with 30% of the product lineup in MDA North America being updated [12]