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Whirlpool Corporation Announces Third-Quarter Results; Delivers Revenue Growth
Prnewswire· 2025-10-27 20:05
Core 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].
WHIRLPOOL CORPORATION TO ANNOUNCE THIRD-QUARTER RESULTS ON OCTOBER 27TH AND HOLD CONFERENCE CALL ON OCTOBER 28TH
Prnewswire· 2025-10-20 20:05
Core Points - Whirlpool Corporation will release its third-quarter financial results on October 27, 2025, and hold a conference call on October 28, 2025, to discuss performance with investors [1][2][3] Company Overview - Whirlpool Corporation is a leading home appliance manufacturer, with approximately $17 billion in annual sales in 2024, predominantly in the Americas, and employs around 44,000 people [4] - The company operates 40 manufacturing and technology research centers and has a diverse brand portfolio including Whirlpool, KitchenAid, and Maytag [4] Investment Announcement - Whirlpool Corporation announced a planned $300 million investment in its U.S. laundry manufacturing facilities, which is expected to create 400-600 new jobs [7][8]
Whirlpool Corporation, Habitat for Humanity, and Indiana University Celebrate 15 Years of Collaboration with Landmark Build
Prnewswire· 2025-10-20 19:36
Core Insights - Whirlpool Corporation, Habitat for Humanity, and Indiana University's Kelley School of Business celebrate 15 years of collaboration, focusing on sustainable housing and community building [1][2] - The 2025 build resulted in five new net-zero homes in Bloomington, Indiana, as part of the BuildBetter with Whirlpool program, highlighting the company's commitment to climate resilience and energy efficiency [2][3] Company Initiatives - The BuildBetter with Whirlpool program has constructed 260 climate-resilient, energy-efficient homes across the U.S., achieving an average of 45% energy cost savings per family and reducing greenhouse gas emissions by 15% per home [3] - The current phase of the program aims to deliver 50 net-zero energy or net-zero energy-ready homes in the next two years, incorporating features like solar panels and high-efficiency systems [3] Community Impact - Whirlpool's collaboration with Habitat for Humanity and IU Kelley School of Business emphasizes the importance of community engagement, with volunteers from Whirlpool, Habitat for Humanity, and students participating in the builds [4] - The initiative not only provides housing but also fosters workforce development by offering IU students professional development opportunities through hands-on building experiences [4][5] Financial Overview - Whirlpool Corporation reported approximately $17 billion in annual sales in 2024, with nearly 90% of sales generated in the Americas, and employs around 44,000 people [6]
Whirlpool Corporation Announces Second-Quarter Results
Prnewswire· 2025-07-28 20:05
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]
WHIRLPOOL CORPORATION TO ANNOUNCE SECOND-QUARTER RESULTS ON JULY 28TH AND HOLD CONFERENCE CALL ON JULY 29TH
Prnewswire· 2025-07-21 20:05
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]
Whirlpool Brand and Premier Lacrosse League Announce Chicago River Stunt in Celebration of the League's Highly-Anticipated Return
Prnewswire· 2025-07-10 13:02
Group 1: Event Overview - The Premier Lacrosse League (PLL) is returning to Chicago for the first time since 2019, featuring a two-day game series on July 11-12 at Northwestern Medicine Field [1] - The event will include the first-ever professional lacrosse game played on a river, with a field constructed on a Chicago River Tour Boat [2] Group 2: Sponsorship and Community Engagement - Whirlpool brand is a proud sponsor of the PLL and is committed to expanding access to lacrosse in local communities, having also announced support for the Women's Lacrosse League (WLL) [3] - The partnership between Whirlpool brand and PLL began in 2023, focusing on community engagement through equipment restoration and social responsibility initiatives [4] Group 3: Company Profile - Whirlpool Corporation is a leading home appliance company with approximately $17 billion in annual sales in 2024, primarily in the Americas, and employs around 44,000 people [7] - The company operates 40 manufacturing and technology research centers and has a diverse brand portfolio including Whirlpool, KitchenAid, and Maytag [7] Group 4: League Profile - The PLL is a men's professional lacrosse league in North America, co-founded by Paul Rabil and Mike Rabil, and backed by a prominent investment group [8] - The league has been recognized for its workplace culture and has exclusive media rights agreements with major networks like ABC and ESPN [8][9]