secwatch.observer — SEC 8-K summary
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Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0000106640-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whirlpool reports FY2022 GAAP net loss of $1.5B; Q4 EPS miss; EMEA JV with Arçelik
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- Full-year GAAP loss per diluted share $(27.18) driven by EMEA transaction; ongoing EPS $19.64, down 26% YoY.
- Q4 net sales $4.9B (-15.3% YoY); North America EBIT margin 5.8% vs 15.3% a year ago due to supply disruption.
- 2023 outlook: GAAP/ongoing EPS $16–$18; FCF ~$800M; expects $800–$900M cost benefit from restructuring and lower inflation.
- Agreed to contribute European MDA business to new JV with Arçelik, creating €6B+ revenue platform; close H2 2023.
- Returned $1.3B to shareholders in 2022, including $0.9B in share repurchases; ended year with $2B cash on hand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000007/0000106640-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000007/whr-20230130.htm
  HTML page:      https://secwatch.observer/filing/0000106640-23-000007

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