earnings
confidence high
sentiment negative
materiality 0.75
Whirlpool Q2 ongoing EPS $2.39 (-43%); revises FY guidance to ~$12.00
WHIRLPOOL CORP /DE/
2024-Q2 EPS reported
-$0.75
revenue$8,478,000,000
- GAAP EPS $3.96 (vs $1.55 prior year); ongoing (non-GAAP) EPS $2.39 (vs $4.21, -43.2%).
- Net sales $3.99B, down 16.8% including exit of Europe; MDA North America sales down 5.7%.
- Segment margins mixed: MDA North America EBIT margin 6.3% (down from 10.1%); MDA Asia EBIT margin 6.2% (up from 3.5%).
- Revised FY ongoing EPS to ~$12.00; reaffirms net sales ~$16.9B.
- Free cash flow guidance revised to ~$500M; cost takeout target $300-$400M on track.