Whirlpool (NYSE: WHR) reported Q2 EPS of $4.01, $0.30 better than the analyst estimate of $3.71. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $5.03 billion.

GUIDANCE:

Whirlpool sees FY2019 EPS of $14.75-$15.50, versus the consensus of $14.81.

• For the full-year 2019, the Company raises guidance and now expects GAAP earnings per diluted share of $17.80 to $18.55 and ongoing earnings per diluted share(1) of $14.75 to $15.50. On a GAAP basis, earnings per diluted share includes the gain on sale of the Embraco business of approximately $400 million, restructuring expense of approximately $200 million, the favorable impact of a Brazil indirect tax credit of $180 million and a $79 million charge related to the sale of our South Africa operations and exit of our domestic sales operations in Turkey.
• For the full-year 2019(5), the Company now expects to generate cash provided by operating activities of approximately $1.4 billion and free cash flow(4) of approximately $800 million. Included in this guidance are restructuring cash outlays of approximately $200 million and, with respect to free cash flow(4), capital spending of approximately $625 million.
• "We are pleased to have completed the sale of our Embraco compressor business and expect to repay a $1 billion term loan with those net proceeds," said Jim Peters, chief financial officer of Whirlpool Corporation. "As we strengthen our balance sheet, drive margin expansion and generate cash, we will maintain our disciplined approach to capital allocation with continued investments in our business and solid returns to our shareholders."

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