Earnings Performance - Net income reached $51.4 million, an increase of $1.4 million, resulting in an EPS of $1.36[7] - Net interest income increased to $152.8 million, up by $5.2 million, with a net interest margin (NIM) of 4.21%[7] - Pre-provision net revenue (PPNR) amounted to $68.1 million, reflecting a $2.0 million increase[7] - Adjusted return on average assets (ROAA) stood at 1.31%, compared to 1.29% previously[7] Loans and Deposits - Total loans amounted to $11.4 billion, an increase of $110.1 million[10] - Total deposits reached $13.3 billion, up by $283.1 million, or an increase of $72.9 million excluding brokered CDs[10] - Noninterest-bearing deposits accounted for 32% of total deposits[10] Asset Quality - Nonperforming loans represented 0.93% of total loans[8] - Nonperforming assets accounted for 0.71% of total assets[11] - The allowance coverage ratio was 1.27%, or 1.38% when adjusted for guaranteed loans[11] Capital and Dividends - The CET1 ratio was 11.9%, compared to 11.8% in the previous quarter[7] - Tangible common equity to tangible assets ratio was 9.42%, compared to 9.30%[7] - Tangible book value per common share increased to $40.02, compared to $38.54[7] - A quarterly common stock dividend of $0.30 per share was declared for the second quarter of 2025, representing a $0.01 increase[7]

Financial Performance - Net income for the second quarter of 2025 was $264 million, with diluted earnings per share of $093[16] - The company's return on average assets (ROAA) was 128%, and the pre-tax pre-provision ROAA (PTPP ROAA) was 182% for Q2 2025[16] - Total revenue for Q2 2025 reached $1056 million, a 97% increase compared to Q1[16] - The net interest margin (NIM) remained strong at 407% for Q2 2025[16] - For the first half of 2025, net income was $500 million, with diluted earnings per share of $177[14] - Total revenue for the first half of 2025 was $2018 million, a 63% increase from the same period in 2024[14] Loan and Deposit Trends - Average loan growth was 107% annualized in Q2 2025[16] - Average deposit growth was 183% annualized in Q2 2025[16] - The loan-to-deposit ratio was 916%[16] - Total deposits as of June 30, 2025, were $71 billion[7] - Total loans as of June 30, 2025, were $65 billion[7] Asset Quality - Net charge-offs to average loans were 083% in Q2 2025[16] - Nonperforming loans (NPLs) trended down 30%[55] Capital and Liquidity - The Common Equity Tier 1 (CET1) ratio was 1378%[14] - The company has $35 billion in immediate borrowing availability[64]

Financial Performance - The company's total new annualized premiums (NAP) increased by 17% compared to 2Q24[12] - Annuity collected premiums rose by 19% year-over-year, reaching record levels[12] - Client assets in brokerage and advisory services grew by 27% compared to 2Q24[12] - The operating return on equity (ROE), excluding significant items, was 112%[12] - Book value per diluted share excluding AOCI increased by 6% to $3805[12] Division Updates - Consumer Division annuity collected premiums increased by 19%[15] - Consumer Division client assets in brokerage and advisory increased by 27%[15] - Consumer Division life and health NAP increased by 17%[15] - Worksite Division life and health NAP increased by 16%[16] Investment and Capital - The average yield on allocated investments increased to 492% compared to 481% in 2Q24[36] - The new money rate was 642%[36]

Financial Performance - Q2 2025 EBITDA was approximately $13 billion[10], compared to $15 billion in the previous period[10] - Net earnings for Q2 2025 were $603 million[10], down from $845 million[10] - Earnings per diluted share (EPS) were $260 in Q2 2025[10], compared to $346 in the previous period[10] - Capital expenditures in Q2 2025 reached $954 million[10], reaffirming the full-year estimate of approximately $3 billion[10] - Share repurchases in Q2 2025 amounted to $200 million, representing 18 million shares[10] - The company returned 55% of Q2 2025 net earnings to shareholders and 100% of year-to-date earnings[10] Operational Highlights and Market Conditions - Steel mills achieved EBITDA positivity at Brandenburg and record sheet shipments[10] - Steel product shipments and margins increased in Q2 2025, with a stable backlog[10] - Strong mill backlogs were maintained at approximately 37 million tons at the end of Q2 2025, a 30% year-over-year increase[10] - Steel imports decreased by approximately 9% year-to-date through June compared to the same period in 2024[10]

Q2 2025 Financial Performance - Sales increased by 92% to $5772 million compared to Q2 2024[8] - Operating profit increased by 152% to $1029 million compared to Q2 2024[8] - Earnings per share from continuing operations increased by 202% to $137[8] - Adjusted EBITDA increased by 164% to $1219 million[8] - Core growth was +65%, acquisitions contributed +18%, and FX translation added +09% to total sales change[9] Aerospace & Electronics Segment - Sales increased by 118% to $2582 million compared to Q2 2024[11] - Operating profit increased by 288% to $679 million compared to Q2 2024[11] - Backlog increased by 292% to $10528 million[11] - Core growth was +116%, and FX translation added +02% to total sales change[12] Process Flow Technologies Segment - Sales increased by 72% to $3190 million compared to Q2 2024[14] - Operating profit increased by 74% to $639 million compared to Q2 2024[14] - Backlog increased by 08% to $4031 million[14] - Core growth was +26%, acquisitions contributed +32%, and FX translation added +14% to total sales change[15] Acquisition of PSI - Agreement to purchase Precision Sensing and Instrumentation (PSI) from Baker Hughes for $1060 million, net of an expected tax benefit with an NPV of $90 million[20] - PSI's forecast 2025 adjusted EBITDA is approximately $60 million[20]

Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings. These forward-looking statements speak only as of the date of this presentation and except to the extent required by applicable law, the Company does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise. Q 2 2 0 2 5 R E S U L T S | 2 Sec ...

Financial Performance - Net sales were $38 billion, a decrease of 54% year-over-year, or 32% excluding currency effects[16] - Ongoing EBIT margin was 53%, unchanged year-over-year, impacted by unfavorable currency[16, 18] - Free cash flow was negative $856 million, representing -227% of net sales, impacted by seasonal inventory build[16, 18] Segment Results - North America (MDA NAR): Net sales decreased by 5%, and EBIT margin decreased by 03 percentage points[23] - Latin America (MDA LAR): Net sales decreased by 1%, but EBIT margin increased by 02 percentage points[27, 29] - Asia (MDA Asia): Net sales decreased by 4% excluding currency, but EBIT margin increased by 09 percentage points[31, 34] - Global Small Domestic Appliances (SDA Global): Net sales increased by 8%, and EBIT margin increased by 34 percentage points[36, 38] 2025 Guidance - Net sales are projected to be approximately $158 billion, flat year-over-year[88] - Ongoing EBIT margin is expected to be around 57%, flat year-over-year[88] - Free cash flow is estimated at approximately $400 million, representing about 25% of net sales[88] Strategic Initiatives - Whirlpool is focusing on new product introductions, particularly in North America, with over 30% of the product portfolio transitioning in 2025[42] - The company expects to pay down approximately $700 million of debt in 2025[98, 102] - Capital expenditures are planned at around $450 million for innovation, digital transformation, and cost optimization[97, 98]

Second Quarter 2025 Financial Results July 29, 2025 1 Cautionary Note Regarding Forward-Looking Statements Forward-looking statements are not guarantees of future performance and are subject to risks that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, among others, risks related to: customer and segment concentration; reduction in customer revenue; erosion in customer market competitiveness; changing revenue mix and margins; unc ...

Second quarter 2025 reported diluted EPS of $0.71, an 11% increase in diluted EPS over the prior year, and adjusted diluted EPS (non-GAAP)1 of $0.75, a 14% increase in adjusted diluted EPS over the prior year2025 year-to-date reported diluted EPS of $1.20, a 20% increase in diluted EPS over the prior year, and adjusted diluted EPS (non-GAAP) of $1.25, a 23% increase in adjusted diluted EPS over the prior year2025 year-to-date infrastructure investment was $207.2 million2, on track for full-year capital expe ...

Operating revenues of $5.632 billion, an increase of 2% versus last year. Operating income of $418 million with operating margin of 7.4% and adjusted EBITDA* of $909 million with adjusted EBITDA margin* of 16.1%. Premium revenues up 5% from the second quarter of 2024.  Cash flow from operating activities of $895 million and free cash flow* of $183 million. Completion of $500 million substantial issuer bid, with approximately 296 million total issued and outstanding shares at June 30 2025. Leverage ratio* o ...