Financial Performance - Whirlpool Corporation reported approximately $17 billion in annual net sales for 2024[11]. - GAAP net earnings available to Whirlpool were $(323) million, with a net earnings margin of (1.9%) or $(5.87) per share, compared to $481 million and 2.5% margin or $8.72 per share in the prior year[173]. - Ongoing (non-GAAP) earnings per share were $12.21, with a full-year ongoing EBIT margin of 5.3%, down from $16.16 and 6.1% in the prior year[173]. - Cash provided by operating activities was $835 million, compared to $915 million in 2023, while free cash flow was $385 million, up from $366 million in 2023[175]. - Consolidated net sales for 2024 decreased by 14.6% compared to 2023, with a 13.7% decrease when excluding foreign currency impact[177]. - The consolidated gross margin percentage for 2024 decreased to 15.5% from 16.3% in 2023, primarily due to unfavorable product/price mix[179]. - Net sales for MDA North America decreased 4.9% in 2024 compared to 2023, primarily driven by unfavorable product price/mix[184]. - Cost of products sold for 2024 decreased 1.6% compared to 2023, primarily driven by lower volumes[185]. - EBIT margin for 2024 was 6.5%, down from 9.4% in 2023, primarily due to unfavorable product price/mix impacts[186]. - Net sales for 2024 increased by 4.3% compared to 2023, driven by increased volume, with a 9.7% increase when excluding foreign currency impacts[190]. - Cost of products sold for 2024 increased by 4.0% compared to 2023, primarily due to increased volume[191]. - EBIT margin for 2024 was 7.0%, up from 5.6% in 2023, attributed to increased volume and favorable cost productivity[192]. - Net sales for 2024 in Asia increased by 9.0% compared to 2023, with a 10.2% increase when excluding foreign currency impacts[195]. - Cost of products sold for 2024 in Asia increased by 8.2% compared to 2023, driven by increased volume[196]. - EBIT margin for 2024 in SDA Global remained at 14.3%, unchanged from 2023, as increased volume was offset by unfavorable product price/mix[202]. - Consolidated selling, general and administrative expenses for 2024 were $1,684 million, representing 10.1% of net sales, a decrease from 10.2% in 2023[207]. - Restructuring charges incurred were $79 million in 2024, compared to $16 million in 2023[208]. - An impairment charge of $381 million related to the Maytag trademark was recorded in Q4 2024 due to a decline in fair value[209]. Strategic Initiatives - The company completed a significant portfolio transformation by contributing its European major domestic appliance business to a new company with Arcelik and selling its Middle East and North Africa business to Arcelik[17]. - Whirlpool's operating segments were reorganized effective January 1, 2024, with the MDA Europe segment deconsolidated as of April 1, 2024[36]. - The company announced a strategic portfolio transformation initiative in 2022, focusing on higher-growth, higher-margin businesses, which included divesting operations in Russia and MENA, and acquiring InSinkErator[81]. - In April 2024, the company closed the sale of its MENA major domestic appliance business and contributed its European major domestic appliance business to Beko Europe, retaining a 25% interest in Beko Europe[90]. - The company is transitioning certain functional processes to a third-party partner in 2025 to optimize operations and capture efficiency gains[56]. Innovation and Product Development - In 2024, Whirlpool launched over 100 new products globally, including the KitchenAid Espresso collection and the FreshFlowVent System[21]. - Whirlpool's innovation pipeline includes connected appliances with features like voice control and WiFi connectivity, enhancing consumer experience[23]. - The company has applied for intellectual property protection for innovations and new products, but faces challenges in securing and maintaining these rights, which could weaken its competitive advantage[87]. - The introduction of Accelerator Centers of Excellence in 2024 aims to refine the organizational model, but reliance on third-party providers may increase risks related to service disruptions and data breaches[84]. Environmental and Compliance Efforts - Whirlpool Corporation aims for a 20% reduction in emissions linked to the use of its products by 2030, compared to 2016 levels[46]. - The company has committed to achieving net zero emissions in its plants and operations by 2030, focusing on renewable energy and energy efficiency improvements[47]. - The company is facing increased costs and potential product redesigns due to stricter government energy and environmental standards[49]. - Compliance with evolving environmental regulations may increase costs or require product redesign, impacting the company's financial condition[134]. - The company is subject to various federal, foreign, and state laws, including antitrust laws, which could result in civil or criminal sanctions if violated[126]. Workforce and Employee Relations - As of December 31, 2024, Whirlpool employed approximately 44,000 employees across 27 countries, with 39% located in the United States[54]. - Whirlpool's leadership development programs are internally designed and facilitated, focusing on building a deep succession bench for leadership roles[58]. - The company is investing in employee health and well-being through a global well-being strategy that includes various support pathways[62]. - The company has approximately 44,000 employees globally, and labor relations could impact operational results due to collective bargaining agreements[114]. Market and Competitive Landscape - The company aims to maintain a leading position in the Americas and expects to continue growth in multiple countries[20]. - Whirlpool's competitive landscape includes intense competition from well-established companies and the need to adapt to changing consumer preferences and technological innovations[76]. - International sales represented a significant portion of net sales for the year ended December 31, 2024, and the company anticipates continued exposure to political, legal, and economic instability in various regions[99]. - The company is adapting to changes in consumer preferences, particularly towards e-commerce and connected appliances, which necessitates timely product development and innovation[85]. Risks and Challenges - The company faces risks associated with supply chain disruptions, which could impact product availability and sales, particularly due to reliance on single-source suppliers for certain components[94]. - Supply chain risks include potential disruptions from geopolitical instability, labor shortages, and natural disasters, which could adversely affect manufacturing capabilities[95]. - The company is exposed to foreign currency exchange rate fluctuations and changes in foreign tax regulations, which could negatively impact financial performance[100]. - Cybersecurity risks are increasing, with potential impacts on operations and financial statements due to sophisticated cyber attacks[108]. - The company relies on information technology for operational efficiency, and failures in these systems could disrupt business processes and financial accuracy[104]. - The company may incur unanticipated costs from acquisitions due to potential violations of anti-bribery laws by targets[101]. - Product-related liabilities and recalls could lead to significant adverse publicity and impact financial performance[109]. - The company is currently disputing certain income and indirect tax assessments issued by Brazilian authorities, which could materially affect financial statements in specific reporting periods[124]. - The second part of a French Competition Authority investigation is expected to be completed in 2025, potentially impacting financial statements and reputation[126]. - Economic uncertainty and potential recession may lead customers to delay or cancel orders, adversely affecting sales and inventory levels[141]. - The company is exposed to risks from changes in foreign trade policies, tariffs, and sanctions that could negatively impact business and financial performance[129]. - Whirlpool experienced significant raw material inflation in 2021 and 2022, impacting overall costs and necessitating strong cost reduction initiatives[116]. - The U.S. Federal Reserve raised its benchmark interest rate by a total of 5.25% to 5.5% as of July 2023, which may increase costs of obtaining new debt and refinancing existing obligations[144].

Whirlpool Corporation (WHR) has seen its shares slide 17.5% in the past month. WHR’s downside was more pronounced after it reported soft fourth-quarter 2024 results on Jan. 29, where the company missed revenue expectations and declined year over year. The company has underperfomed the broader industry’s decline of 16.1%, the broader Consumer Discretionary sector’s rise of 7.1%, and the S&P 500’s growth of 3.8% in the same period.WHR Stock Past One Month PerformanceImage Source: Zacks Investment ResearchWhir ...

The luxury brand will showcase the future of design and function through new innovations and exclusive collaborationsBENTON HARBOR, Mich., Feb. 11, 2025 /PRNewswire/ -- JennAir is set to unveil its latest innovations at the 2025 Kitchen and Bath Industry Show (KBIS), continuing its legacy of pushing the boundaries of luxury design and performance in the kitchen. In its unique space within the Whirlpool Corporation booth (#W1801), the brand will showcase exciting new collaborations and cutting-edge product o ...

I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...

Shares of Whirlpool (NYSE: WHR ) have been a meaningful underperformer over the past year, falling 4%, as the company has struggled with a slow recovery in US housing activity. Shares recently had gained some momentum, but this was wiped out withOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let ...

Whirlpool Corporation (WHR) posted fourth-quarter 2024 results, wherein earnings beat the Zacks Consensus Estimate and increased year over year. However, the top line declined year over year and missed the Zacks Consensus Estimate.The company made progress in its operations, delivering on the cost takeout commitment of $300 million while achieving the closure of the Europe transaction. For 2025, the company expects to deliver more than $200 million in cost takeouts and position the business for the eventual ...

Key TakeawaysWhirlpool's North American sales dropped, and the home appliance maker's fourth-quarter results and guidance came up short of forecasts.The company swung to a loss because of a Maytag brand impairment charge.Whirlpool also announced it was cutting its stake in its Indian subsidiary. Shares of Whirlpool (WHR) tumbled nearly 17% Thursday as the maker of home appliances posted worse-than-expected results and gave weak guidance as North American sales slumped. The company also said it was slashing ...

2024 Earnings Review and 2025 Guidance Thursday, January 30, 2025 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 value creation goals, restructuring expectations, productivity, r ...

Whirlpool (WHR) reported $4.14 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 18.7%. EPS of $4.57 for the same period compares to $3.85 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.27 billion, representing a surprise of -3.24%. The company delivered an EPS surprise of +4.10%, with the consensus EPS estimate being $4.39.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Whirlpool (WHR) came out with quarterly earnings of $4.57 per share, beating the Zacks Consensus Estimate of $4.39 per share. This compares to earnings of $3.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.10%. A quarter ago, it was expected that this maker of Maytag, KitchenAid and other appliances would post earnings of $2.99 per share when it actually produced earnings of $3.43, delivering a surprise of 14.72%.Over the ...