earnings
confidence high
sentiment negative
materiality 0.75
Whirlpool Q1 GAAP loss $4.72/share, ongoing EPS $1.78; reaffirms FY ongoing EPS $13-$15
WHIRLPOOL CORP /DE/
2024-Q1 EPS reported
-$4.72
revenue$4,490,000,000
- GAAP loss per diluted share $(4.72) vs $(3.27) prior year; revenue $4.49B down 3.4% YoY.
- Europe transaction closed Apr 1; expected $750M+ NPV and $250-$300M incremental FCF in 2025.
- Announced ~5% price increase in MDA North America; declared $1.75 dividend per share in Q1 & Q2.
- Reaffirmed FY ongoing EPS $13-$15, free cash flow $550-$650M; repaid $500M term loan in April.
- Segment: N.America EBIT -49.2%; Latin America +80.6%; SDA Global +73.7% YoY.