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

Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000106640-23-000128
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whirlpool Q3 ongoing EPS $5.45 beats prior year; Europe JV cleared by EC, UK phase 2
--------------------------------------------------------------------------------

- Ongoing (non-GAAP) EPS $5.45 vs $4.49 YoY (+21.4%); GAAP EPS $1.53 vs $2.60 (-41.2%).
- Net sales $4.926B (+3% YoY); ongoing EBIT margin 6.5% (+100bps YoY).
- Cost takeout delivered ~$300M in Q3; on track for >$800M full-year benefit.
- Europe JV approved by EC, Germany, Austria, China; UK CMA to phase 2; close by April 2024.
- Revised FY2023 guidance: GAAP EPS ~$9.00, ongoing EPS ~$16.00; FCF ~$500M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000128/0000106640-23-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000010664023000128/whr-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000106640-23-000128

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