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

Issuer:     WHIRLPOOL CORP /DE/ (WHR)
CIK:        0000106640
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0000106640-24-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whirlpool Q4 net sales +3.4%; FY2024 ongoing EPS guidance $13-$15 vs $16.16 in 2023
--------------------------------------------------------------------------------

- Q4 net sales $5.09B (+3.4% YoY), GAAP EPS $8.90, ongoing EPS $3.85; ongoing EBIT margin 5.2% (+170bps).
- FY2023 net sales $19.46B (-1.4%), GAAP EPS $8.72, ongoing EPS $16.16 (-17.7% YoY); $800M cost takeout.
- FY2024 guidance: ongoing EPS $13.00-$15.00; net sales ~$16.9B flat like-for-like; free cash flow $550-$650M.
- Expects Europe transaction with Arcelik to close by April 2024; MDA Europe deconsolidated upon close.
- Plans additional $300-$400M cost takeout and $500M debt reduction in 2024; ~$400M in dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/106640/000010664024000011/0000106640-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/106640/000010664024000011/whr-20240129.htm
  HTML page:      https://secwatch.observer/filing/0000106640-24-000011

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