Core Insights - Whirlpool reported Q2 2025 results with ongoing earnings per share (non-GAAP) of $1.34, missing the consensus estimate of $1.68, and revenue of $3,773 million, below the expected $3,846.88 million [1][2] - Both ongoing earnings per share and revenue showed declines compared to Q2 2024, with ongoing earnings per share down 43.9% and revenue down 5.4% year over year [1][2] - Management attributed the quarter's performance to competition from Asian imports and weak consumer demand, while maintaining its full-year outlook [1] Financial Performance - Ongoing earnings per share (non-GAAP) fell from $2.39 in Q2 2024 to $1.34 in Q2 2025, a decrease of 43.9% [2][5] - GAAP net earnings dropped by 70.5% year-over-year, with operating cash flow (GAAP) and free cash flow (non-GAAP) both negative, at ($856 million) for the first half of 2025 compared to ($713 million) in the prior year [2][5][6] - The ongoing EBIT margin remained stable at 5.3%, but net earnings were significantly impacted by a $19 million loss from a Beko Europe equity investment [6] Business Strategy - The company focuses on reshaping its business portfolio, accelerating product innovation, and optimizing costs, including divesting low-margin operations and launching over 100 new products in 2024 [4][7] - The company has exited its European major appliance operations and continues to prioritize portfolio simplification despite legacy costs affecting results [7] - New product launches, such as the KitchenAid induction cooktop and JennAir built-in wall oven, have supported direct-to-consumer sales growth, particularly in small appliances [7] Market Performance - North American major appliance sales declined by 4.7%, with EBIT down 11.7% year-over-year, while Latin America saw a 10.0% sales decline [6] - In Asia, sales fell by 5.9% year-over-year, but profits increased by 11.2% year-over-year, indicating a mixed performance across regions [6] Capital Structure and Outlook - The company refinanced $1.2 billion in term debt at an interest rate of approximately 6.3%, with net debt remaining elevated and cash reserves at $1.07 billion [8] - Management reaffirmed FY2025 guidance for ongoing earnings per share between $6.00 and $8.00, ongoing EBIT margin of approximately 5.7%, and free cash flow guidance set at $400 million for the full year [10] - The company plans to monitor cash flow, debt repayment, and inventory normalization as the year progresses [11]

Core Viewpoint - Whirlpool reported quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.54 per share, and down from $2.39 per share a year ago, indicating a significant earnings surprise of -12.99% [1][2] Financial Performance - The company posted revenues of $3.77 billion for the quarter ended June 2025, slightly surpassing the Zacks Consensus Estimate by 0.06%, but down from $3.99 billion year-over-year [2] - Over the last four quarters, Whirlpool has surpassed consensus EPS estimates two times and topped revenue estimates just once [2] Stock Performance - Whirlpool shares have declined approximately 12.9% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [3] - The current Zacks Rank for Whirlpool is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.41 on revenues of $3.94 billion, and for the current fiscal year, it is $8.41 on revenues of $15.52 billion [7] - The trend of estimate revisions for Whirlpool was mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Household Appliances industry, to which Whirlpool belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Financial Performance - Whirlpool's adjusted earnings per share (EPS) were $1.34, missing estimates of $1.74 [1] - Revenues reached $3.77 billion, falling short of the estimated $3.88 billion [1] - The company projects full-year revenue of $15.8 billion, exceeding estimates of $15.66 billion [1] - Full-year adjusted EPS is guided to $6 to $8, significantly below the $9.13 estimate [1] Market Dynamics & Tariffs - North American revenue amounted to $2.4 billion, slightly surpassing estimates [1] - Excluding currency effects, North American net sales decreased by 4.6% [1] - Competitors' stockpiling of Asian imports into the US impacted the second quarter [1] - Whirlpool believes evolving tariff policies will ultimately support domestic manufacturers [1] Stock Performance - Shares are down nearly 11% [1]

"In this uncertain environment, we are focused on what we can control: executing cost reduction, proactively managing debt maturities, and strengthening our balance sheet to ensure financial resilience." JIM PETERS, CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER 1 Whirlpool Corporation Announces Second-Quarter Results BENTON HARBOR, Mich., July 28, 2025 - Whirlpool Corporation (NYSE: WHR), today reported second-quarter financial results. "As expected, the second quarter continued to be impacted by competitors s ...

Group 1 - The core point of the article is that Whirlpool's second-quarter net sales reached $3.77 billion, which fell short of analysts' expectations of $3.85 billion [1]

Core Insights - Whirlpool Corporation reported a decline in net sales and earnings for the second quarter of 2025, primarily due to competitive pressures and stockpiling of Asian imports into the U.S. market [2][5] - The company remains optimistic about its long-term strategy, citing a strong product pipeline and favorable housing demand in North America [2][5] - Financial results indicate a significant drop in GAAP net earnings available to Whirlpool, down 70.1% year-over-year, and ongoing earnings per diluted share decreased by 43.9% [2][5] Financial Performance - Net sales for Q2 2025 were $3,773 million, a decrease of 5.4% from $3,989 million in Q2 2024 [2][15] - GAAP net earnings available to Whirlpool were $65 million, compared to $219 million in the same quarter last year [2][15] - Ongoing EBIT for Q2 2025 was $200 million, down 5.7% from $212 million in Q2 2024 [2][15] - Free cash flow for Q2 2025 was $(856) million, a decline from $(713) million in Q2 2024 [2][15] Segment Review - MDA North America reported net sales of $2,446 million, down 4.7% year-over-year, with EBIT of $144 million, a decrease of 11.7% [3] - MDA Latin America saw net sales of $806 million, down 10.0%, with EBIT of $48 million, down 7.7% [3] - MDA Asia achieved net sales of $320 million, down 5.9%, but EBIT increased by 11.2% to $23 million [3] - SDA Global reported net sales of $201 million, up 7.5%, with EBIT increasing by 32.9% to $35 million [3] Outlook - The company updated its full-year guidance, expecting GAAP earnings per diluted share to be between $5.00 and $7.00, and ongoing earnings per diluted share between $6.00 and $8.00 [5][8] - Projected cash provided by operating activities is approximately $850 million, with free cash flow expected to be around $400 million [5][8] - The company plans to recommend an annual dividend payout rate of $3.60 per share, subject to board approval [10][8]

Earnings Reports - Q2 earnings season is ramping up with major companies like Microsoft, Meta Platforms, Apple, and Amazon set to report earnings this week [2][3] - A total of 164 companies in the S&P 500 are expected to release their earnings results by August 1st [3] Federal Reserve Outlook - The Federal Reserve is unlikely to lower interest rates in the upcoming FOMC meeting, maintaining the current rate of +4.25-4.50% [4] - There is only a 2% chance that the Fed will cut rates at this meeting, with a 67% probability of a 25 basis-point cut in September [5] Labor Market Insights - Initial Jobless Claims have decreased to 217K, but the labor market may be weakening as ADP reported a negative -33K jobs filled in June, the first decline in over two years [7] - The BLS report indicated +147K new jobs in June, but only about 70K were outside government hires, which may not be sufficient to offset the retiring workforce [8]

Whirlpool shares gained 1.1% to close at $99.74 on Friday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period. Whirlpool Corporation WHR will release earnings results for the second quarter, after the closing bell on Monday, July 28. Read This Next: Analysts expect the Bent ...

Core Insights - Whirlpool Corporation will release its second-quarter financial results on July 28, 2025, at 4:05 p.m. ET [1] - A conference call to discuss the performance will take place on July 29, 2025, at 8 a.m. ET [1] Company Overview - Whirlpool Corporation is a leading home appliance manufacturer, focusing on improving life at home [4] - The company reported approximately $17 billion in annual sales for 2024, with nearly 90% of sales generated in the Americas [4] - Whirlpool employs around 44,000 individuals and operates 40 manufacturing and technology research centers [4]

Core Insights - Whirlpool Corporation (WHR) is facing challenging times due to mixed financial results and significant management changes [1] Company Overview - Whirlpool is a provider of home appliances, including refrigerators, washers, dryers, and cooking appliances [1] Financial Performance - The company has reported mixed financial results, indicating potential volatility in its performance [1]