8-K
filed July 24, 2023, 7:59 PM ET
ticker WHR
CIK 0000106640
earnings
confidence high
sentiment neutral
materiality 0.65
Whirlpool Q2 GAAP EPS $1.55, ongoing $4.21; reaffirms FY guide
WHIRLPOOL CORP /DE/
2023-Q2 EPS reported
-$1.71
revenue$9,441,000,000
- Net sales $4.79B, down 6% YoY; ongoing EBIT margin 7.3%, up ~200 bps sequentially.
- Cost takeout actions delivered ~$150M YoY benefit in Q2; $800-900M program on track.
- North America EBIT margin 10.3% vs 14.1% YoY; Europe margin improved to 2.0% from 0.2%.
- FY 2023 guidance reaffirmed: GAAP EPS $13-$15, ongoing $16-$18; FCF ~$800M.
- Europe transaction expected to close Q4 2023; returned $193M in dividends in H1.
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 second quarter 2023 results: revenue $4,792, net income $85, EPS $1.55.
- Period
- second quarter 2023
- Revenue
- $4,792
- Net income
- $85
- EPS
- $1.55
- Result
- reported results
Exact text from the filing
KEY RESULTS Quarterly Results Sequential (1) Year-Over-Year Q2 2023 Q1 2023 Change Q2 2023 Q2 2022 Change Net sales ($M) $4,792 $4,649 3.1% $4,792 $5,097 (6.0)% Net sales excluding currency ($M) $4,752 $4,649 2.2% $4,813 $5,097 (5.6)% GAAP net earnings (loss) available to Whirlpool ($M) $85 $(179) nm $85 $(371) nm Ongoing EBIT (2) ($M) $352 $251 40.2% $352 $461 (23.6)% GAAP earnings (loss) per diluted share $1.55 $(3.27) nm $1.55 $(6.62) nm Ongoing earnings per diluted share (3) $4.21 $2.66 58.3% $4.21 $5.97 (29.5)%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WHIRLPOOL CORP /DE/ reported full year 2023 results: revenue approximately $19.4 billion, EPS $13.00 to $15.00 and $16.00 to $18.00. Guidance reaffirmed.
- Period
- full year 2023
- Revenue
- approximately $19.4 billion
- EPS
- $13.00 to $15.00 and $16.00 to $18.00
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
Reaffirming full-year 2023 earnings guidance, including: • Full-year GAAP and ongoing (3) earnings per diluted share of $13.00 to $15.00 and $16.00 to $18.00, respectively • Full-year expectations for 2023 net sales of approximately $19.4 billion • Cash provided by operating activities of approximately $1.4 billion and free cash flow (4) of approximately $800 million remains unchanged
View on SEC.gov
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