secwatch.observer — SEC 8-K summary
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Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0000106640-23-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whirlpool Q2 GAAP EPS $1.55, ongoing $4.21; reaffirms FY guide
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000112/0000106640-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000112/whr-20230724.htm
  HTML page:      https://secwatch.observer/filing/0000106640-23-000112

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