Whirlpool (WHR) Tops Q2 EPS by 13c; Boosts FY16 EPS Outlook

Whirlpool (NYSE: WHR) reported Q2 EPS of $3.50, $0.13 better than the analyst estimate of $3.37. Revenue for the quarter came in at $5.21 billion versus the consensus estimate of $5.13 billion.

For the full year 2016, the company expects to generate cash from operating activities of $1,400 to $1,550 million and free cash flow(3) of $700 to $800 million. Included in this guidance are acquisition related restructuring cash outlays of up to $200 million, legacy product warranty and liability costs of $155 million and, with respect to free cash flow(3), capital spending of $700 to $750 million.

GUIDANCE:

Whirlpool sees FY2016 EPS of $14.25-$14.75, versus the consensus of $14.69.

For earnings history and earnings-related data on Whirlpool (WHR) click here.

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