Whirlpool (WHR) Tops Q3 EPS by $3.16, Guides EPS Well-Above Above Views

Whirlpool (NYSE: WHR) reported Q3 EPS of $6.91, $3.16 better than the analyst estimate of $3.75. Revenue for the quarter came in at $5.29 billion versus the consensus estimate of $4.61 billion.

"We are pleased to announce that we are increasing our full-year revenue expectations and reinstating our earnings per share guidance for full-year 2020 above our initial range, despite the ongoing COVID-19 pandemic," said Jim Peters, chief financial officer of Whirlpool Corporation. \"Our liquidity position remains exceptionally strong, and we expect to continue to strengthen our balance sheet by paying down the short term debt we took on at the outset of the pandemic by the end of the year. Finally, we are happy to have announced a dividend increase for the eighth consecutive year, reflecting the confidence we have in our business now and in the future."

GUIDANCE:

Whirlpool sees FY2020 EPS of $17.50-$18.00, versus the consensus of $13.02. Full-year 2020 net sales decline of 5 percent to 7 percent and organic net sales(5) of 0 percent to a decline of 1 percent

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

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