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WHIRLPOOL CORP /DE/ (WHR)

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Earnings summaries and quarterly performance for WHIRLPOOL CORP /DE/.

Recent press releases and 8-K filings for WHR.

Whirlpool Prices Upsized Concurrent Offerings of Common Stock and Depositary Shares
WHR
Debt Issuance
Convertible Preferred Issuance
New Projects/Investments
  • Whirlpool Corporation priced upsized concurrent public offerings of 6,884,057 shares of common stock at $69.00 per share and 10,500,000 depositary shares at $50.00 per Depositary Share.
  • The offerings are expected to yield approximately $963 million in aggregate net proceeds (excluding over-allotment options), with $454.9 million from common stock and $508.1 million from depositary shares.
  • Proceeds will be utilized to repay a portion of the revolving credit facility and fund strategic investments in vertical integration and automation.
  • The depositary shares represent a 1/20th interest in 8.50% Series A Mandatory Convertible Preferred Stock, featuring a $1,000 per share liquidation preference and mandatory conversion into common stock around February 15, 2029.
  • A separate private placement of 434,782 shares of common stock for $30 million was also agreed upon with Guangdong Whirlpool Electrical Appliances Co., Ltd..
15 hours ago
Whirlpool receives letter from Appaloosa LP regarding equity issuance and management strategy
WHR
Management Change
M&A
  • Appaloosa LP, a significant shareholder, sent a letter to Whirlpool Corporation's Board of Directors criticizing the company's recent equity issuance at a very high cost of capital (seemingly exceeding 10%), which resulted in large, unnecessary shareholder dilution.
  • Appaloosa also stated that Whirlpool has not properly utilized tariffs instituted by the Trump administration by seeking partnerships or mergers with disadvantaged foreign companies, which they believe would enhance equity value and create American jobs.
  • The letter suggests that Whirlpool's management is primarily focused on job preservation and entrenchment, rather than maximizing shareholder value for shareholders.
  • Appaloosa urged the Board to fulfill its fiduciary responsibilities and consider inviting domestic or foreign entities to take an interest in Whirlpool to increase shareholder value and create American jobs.
3 days ago
Whirlpool Corporation Announces Pricing of Common Stock and Depositary Share Offerings
WHR
Convertible Preferred Issuance
New Projects/Investments
  • Whirlpool Corporation announced the pricing of its public offerings, including 6,884,057 shares of common stock at $69.00 per share and 10,500,000 depositary shares at $50.00 per share, with the offerings expected to close on February 27, 2026.
  • The depositary shares represent a 1/20th interest in newly issued 8.50% Series A Mandatory Convertible Preferred Stock, which will accumulate dividends at 8.50% per annum and automatically convert into common stock on or about February 15, 2029.
  • The company anticipates net proceeds of approximately $454.9 million from the Common Stock Offering and $508.1 million from the Depositary Shares Offering (assuming no over-allotment options are exercised), which will be used to repay a portion of its revolving credit facility and for general corporate purposes, including strategic investments.
  • Separately, on February 24, 2026, Whirlpool entered into a private placement agreement to sell 434,782 shares of Common Stock for $30 million to Guangdong Whirlpool Electrical Appliances Co., Ltd., with the closing initially scheduled for July 31, 2026.
3 days ago
Whirlpool Announces Public Offerings of Common Stock and Convertible Preferred Stock
WHR
Debt Issuance
Convertible Preferred Issuance
New Projects/Investments
  • Whirlpool Corporation announced concurrent public offerings of common stock and depositary shares, which represent interests in newly issued Series A Mandatory Convertible Preferred Stock.
  • The aggregate proceeds from these offerings are anticipated to be $800,000,000.
  • Whirlpool intends to use the net proceeds to repay a portion of the amounts outstanding under the Company's revolving credit facility and for general corporate purposes, including strategic investments.
  • The Series A Mandatory Convertible Preferred Stock will automatically convert into a variable number of shares of Common Stock on or about February 15, 2029.
5 days ago
Whirlpool Reports Q4 Results and Cuts Guidance
WHR
Earnings
Guidance Update
Demand Weakening
  • Whirlpool Corporation reported disappointing fourth-quarter results, with adjusted EPS of $1.10 and revenue of $4.098 billion, both below analyst estimates and down year-over-year. Ongoing EBIT fell about 45.6% to $135 million, and margins contracted roughly 270 basis points.
  • The company cut its fiscal 2026 guidance, setting an EPS target of about $7 and revenue guidance of $15.30 billion to $15.60 billion, both below analyst expectations.
  • Gross profit decreased to $575 million (down 14.3% year over year), and gross margin declined about 220 basis points to 14%. MDA North America sales fell about 1% to $2.57 billion, with EBIT dropping roughly 59%.
  • In response to the news, the stock declined roughly 3–5%. Separately, Whirlpool of India Ltd. reported weak quarterly results, with PAT down 34.4% to Rs.34.13 crore, and promoters reduced their stake by 11.24 percentage points.
Jan 29, 2026, 4:15 PM
Whirlpool (WHR) Reports Q4 and Full-Year 2025 Results and Provides 2026 Guidance
WHR
Earnings
Guidance Update
Product Launch
  • Whirlpool (WHR) reported flat global organic revenues and an ongoing EBIT margin of 4.7% for the full year 2025, with ongoing earnings per share of $6.23 and $78 million in free cash flow.
  • The company absorbed approximately $300 million of tariffs in 2025, which, combined with a 30-year low in existing home sales and an intense promotional environment, unfavorably impacted margins.
  • For 2026, WHR expects approximately 5% like-for-like revenue growth, an ongoing EBIT margin of 5.5%-5.8%, ongoing earnings per share of approximately $7, and free cash flow between $400 million and $500 million.
  • WHR plans to pay down at least $400 million of debt in 2026 and expects to achieve over $150 million in cost takeout actions, primarily in North America.
Jan 29, 2026, 1:00 PM
Whirlpool Corporation Reports Q4 2025 Results and Provides 2026 Guidance
WHR
Earnings
Guidance Update
Product Launch
  • For the full-year 2025, Whirlpool Corporation reported global organic revenues were essentially flat to the prior year, with an ongoing EBIT margin of 4.7% and ongoing earnings per share of $6.23. The company also generated $78 million of free cash flow.
  • For 2026, the company expects like-for-like revenue growth of approximately 5% and an ongoing EBIT margin expansion of 80-110 basis points, leading to an EBIT margin of 5.5%-5.8%.
  • Full-year 2026 ongoing earnings per share are projected at approximately $7, which includes an estimated $2 impact from an increased adjusted effective tax rate of 25%.
  • Whirlpool anticipates free cash flow of $400 million-$500 million for 2026 and plans to pay down at least $400 million of debt.
  • The company expects a positive price mix impact of 175 basis points in 2026, driven by new product launches and a reduced promotional environment, although potential upside from a housing recovery is not yet factored into guidance.
Jan 29, 2026, 1:00 PM
Whirlpool Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
WHR
Earnings
Guidance Update
Product Launch
  • Whirlpool reported flat global organic revenues and an ongoing EBIT margin of 4.7% for full-year 2025, with ongoing earnings per share of $6.23 and $78 million in free cash flow, primarily impacted by an intense promotional environment and tariffs.
  • For 2026, the company forecasts approximately 5% like-for-like revenue growth, an ongoing EBIT margin of approximately 5.5%-5.8%, and full-year ongoing earnings per share of approximately $7.
  • The 2026 outlook is supported by over $150 million in cost actions, a normalized promotional environment, and strong performance from new product launches, with free cash flow expected to be between $400 million and $500 million.
  • The company also plans to pay down at least $400 million of debt in 2026 and returned approximately $300 million to shareholders in 2025 through dividends.
Jan 29, 2026, 1:00 PM
Whirlpool Announces Q4 2025 Results and 2026 Guidance
WHR
Earnings
Guidance Update
New Projects/Investments
  • Whirlpool provided 2026 full-year guidance, projecting Net Sales of $15.3-$15.6 billion, an Ongoing EBIT Margin of 5.5-5.8%, Free Cash Flow of $400-500 million, and Ongoing Earnings per Diluted Share of ~$7.00.
  • The company expects to improve its 2026 Ongoing EBIT Margin by 1.75% from Price/Mix actions and 1.00% from Net Cost actions, which include over $150 million in cost take-out initiatives.
  • Key capital allocation priorities for 2026 include funding organic growth with ~$400 million in Capex and launching ~100 new products, along with debt paydown of ~$400 million; share buybacks or value-creating M&A are not a priority.
  • Whirlpool is focusing on growth in MDA Latin America with leading brands and expanding its SDA Global business, particularly with the KitchenAid brand, which is recognized for high margins and strong brand preference. The company also introduced an industry-first UV Clean Technology for its Laundry Tower.
Jan 29, 2026, 1:00 PM
Whirlpool Reports Q4 Results and Fiscal 2026 Guidance
WHR
Earnings
Guidance Update
Demand Weakening
  • Whirlpool reported fourth-quarter GAAP net income of $108 million ($1.91 per share) and adjusted ongoing EPS of $1.10, missing analyst estimates as revenue declined to approximately $4.1 billion.
  • The company set fiscal 2026 guidance for roughly $6.25 GAAP EPS and $7.00 ongoing EPS, with net sales of $15.3–15.6 billion, which is below some consensus forecasts and led to a 7.26% drop in share price.
  • Management plans to reduce debt by approximately $400 million by 2026, but the company faces significant leverage and margin pressures, highlighted by a debt-to-equity ratio of ~3.48 and an Altman Z-Score of 1.25.
Jan 28, 2026, 11:13 PM

Quarterly earnings call transcripts for WHIRLPOOL CORP /DE/.