Whirlpool Q1 GAAP loss $3.27/sh, guides GAAP EPS down to $13-15; ongoing EPS $2.66, reaffirms $16-18

WHIRLPOOL CORP /DE/

2023-Q1 EPS reported -$3.27 revenue$4,649,000,000

Net sales $4,649M, down 5.5% YoY; ongoing EBIT margin 5.4%, sequential improvement ~200 bps.
GAAP net loss $(179)M, $(3.27) diluted share vs $5.33 profit year ago, hit by EMEA non-cash charge.
North America EBIT margin 10.0%, up >400 bps sequentially; share gains of 1 pt YoY and sequentially.
Revises FY 2023 GAAP EPS to $13.00-$15.00 (from $16-$18); reaffirms ongoing EPS $16-$18 and net sales ~$19.4B.
Declares Q2 dividend $1.75/sh; free cash flow guidance unchanged at ~$800M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WHIRLPOOL CORP /DE/ reported full-year 2023 results: EPS $16.00 to $18.00. Guidance reaffirmed.

Period: full-year 2023
EPS: $16.00 to $18.00
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

GAAP loss per diluted share of $(3.27) impacted by non-cash charge associated with the EMEA transaction from seasonal working capital changes • Ongoing (non-GAAP) EBIT margin (1) of 5.4% with sequential (2) improvement of approximately 200 basis points; ongoing (non-GAAP) earnings per diluted share (3) of $2.66 • The North America region delivered EBIT

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WHIRLPOOL CORP /DE/ reported full-year 2023 results: EPS $16.00 to $18.00. Guidance reaffirmed.

Period: full-year 2023
EPS: $16.00 to $18.00
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Reaffirming ongoing earnings per diluted share (3) of $16.00 to $18.00

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

WHIRLPOOL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000106640-23-000083

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