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Jim Cramer on Whirlpool: “A Dividend Cut Means Don’t Buy”
Yahoo Finance· 2025-10-19 07:21
Whirlpool Corporation (NYSE:WHR) is one of the stocks Jim Cramer was focused on recently. During the episode, a caller inquired about the stock, noting that it has a 4% yield and is near its 52-week low. In response, Cramer said: “Whirlpool, it’s kinda like the Bengals. Look, there’s just not enough, the balance sheet’s not that great. They had to cut the dividend. It’s exactly the thing I’m most worried about. A dividend cut means don’t buy, don’t buy, don’t buy.” Stock market reports printed on a she ...
Whirlpool Misses Fiscal Q2 Earnings Mark
The Motley Fool· 2025-07-29 00:49
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]
Whirlpool: This Transformation Offers Opportunity
Seeking Alpha· 2025-07-17 10:12
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]