secwatch.observer — SEC 8-K summary
======================================

Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0000106640-23-000083
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000083/0000106640-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000083/whr-20230424.htm
  HTML page:      https://secwatch.observer/filing/0000106640-23-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer