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Charles Perron

Research Analyst at The Goldman Sachs Group, Inc.

Charles Perron-Piche is an Equity Research Analyst at The Goldman Sachs Group, Inc., specializing in the building products and construction materials sector. He covers specific companies including Builders FirstSource (BLDR) with a Buy rating and $225 price target, and SiteOne Landscape Supply (SITE) with a Neutral rating and $158 price target. On TipRanks, he holds a 0.77-star rating while analyzing 2 stocks in the General sector. Perron-Piche's career details at Goldman Sachs are not fully public, with limited information on prior firms, timeline, or credentials such as FINRA registrations available.

Charles Perron's questions to WHIRLPOOL CORP /DE/ (WHR) leadership

Question · Q4 2025

Charles Perron asked for details on the $150M+ cost action tailwind for 2026, differentiating between new actions and carryover from 2025, and elaborating on measures like automation, strategic sourcing, and footprint rationalization. He also inquired about how Whirlpool balances the growth momentum in the Small Domestic Appliances (SDA) business with maintaining a 16% EBIT margin to maximize returns over time.

Answer

Chairman and CEO Marc Bitzer explained that less than one-third of the $150M+ cost savings is carryover. New actions include aggressive vertical integration in North America for components, accelerating automation, and a sophisticated strategic sourcing initiative (last done six years ago) expected to contribute almost one-third of the savings. EVP of MDA Latin America and KitchenAid Small Appliances Ludovic Beaufils stated that for the SDA business, the highest value creation comes from growth, given the existing accretive margins. They are focused on delivering growth and reinvesting excess margins (above the 15%-16% range) into further acceleration.

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