Whirlpool Corp

WHR

Equity

ISIN US9633201069 / Valor 986081

New York Stock Exchange, Inc (2025-03-14)

USD 90.98+2.71%

Whirlpool Corp
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About company

Whirlpool Corporation, listed on the NYSE under the ticker symbol WHR, is a leading global company in the kitchen and laundry appliance industry. With a diverse brand portfolio including Whirlpool, KitchenAid, Maytag, and others, the company is dedicated to enhancing the home living experience through innovative products. In 2023, Whirlpool reported around $19 billion in annual sales, employing 59,000 individuals across 55 manufacturing and technology research facilities worldwide.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Decline

In the third quarter of 2024, Whirlpool Corp reported net sales of $3,993 million, marking an 18.9% decrease compared to the same period in 2023, where net sales were $4,926 million. This decline reflects the challenging market conditions the company is facing.

Earnings Per Share

Whirlpool Corp's GAAP earnings per diluted share for Q3 2024 were $2.00, a 30.7% increase from the $1.53 reported in Q3 2023. The ongoing earnings per diluted share, however, decreased by 37.1% to $3.43 from $5.45 in the previous year.

Net Earnings Growth

The company reported a GAAP net earnings of $109 million for the third quarter of 2024, which is a 31.3% increase from the $83 million reported in the same quarter of the previous year. This growth was achieved despite the overall decline in sales.

Free Cash Flow Improvement

Whirlpool Corp's free cash flow improved in Q3 2024, with a negative $586 million compared to a negative $660 million in Q3 2023. This improvement is attributed to better working capital management and structural inventory efficiency.

Full-Year Outlook

For the full year 2024, Whirlpool Corp reaffirmed its ongoing earnings per diluted share guidance of approximately $12.00. The company also expects cash provided by operating activities to be around $1.05 billion and free cash flow to be approximately $500 million, despite the challenges faced in the European market.

Summarized from source with an LLMView Source

Key figures

-13.9%1Y

-51.1%3Y

-21.2%5Y

Performance

43.9%1Y

39.3%3Y

43.1%5Y

Volatility