Whirlpool (US:WHR) Prnewswire·2025-10-27 20:05Core Insights - Whirlpool Corporation reported third-quarter financial results showing a slight increase in net sales but a significant decline in earnings per share and margins compared to the previous year [2][5][15]. Financial Performance - Net sales for Q3 2025 were $4,033 million, a 1.0% increase from $3,993 million in Q3 2024 [2][16]. - GAAP net earnings available to Whirlpool decreased by 33.3% to $109 million from $73 million year-over-year [2][16]. - Ongoing EBIT for Q3 2025 was $233 million, down 22.7% from $180 million in Q3 2024 [2][16]. - GAAP earnings per diluted share fell by 35.5% to $1.29 from $2.00 in the same quarter last year [2][16]. Segment Performance - In North America, net sales increased by 2.8% to $2,722 million, but EBIT decreased by 30.6% to $134 million [3]. - Latin America saw a 5.2% decline in net sales to $802 million, with EBIT down 22.0% to $45 million [3]. - Asia's net sales decreased by 7.3% to $222 million, with EBIT down 37.9% to $4 million [3]. - Global small domestic appliances (SDA) reported a 10.5% increase in net sales to $288 million, with EBIT rising 28.8% to $47 million [3]. Future Outlook - The company expects full-year 2025 net sales to be approximately $15.8 billion, with a GAAP earnings per diluted share forecast of around $6.00 [4][15]. - Free cash flow is projected to be approximately $200 million, with cash provided by operating activities revised to about $600 million [5][15]. - The company aims to achieve approximately $200 million in cost reductions in 2025 [2][5]. Strategic Initiatives - Whirlpool is focusing on new product launches and has announced investments in U.S.-based laundry facilities to support future growth [2][5]. - The company is navigating challenges posed by inventory loading from Asian competitors while implementing cost control measures [2][5].