Whirlpool (NYSE: WHR) reported Q1 EPS of $6.81, $1.40 better than the analyst estimate of $5.41. Revenue for the quarter came in at $5.36 billion versus the consensus estimate of $4.85 billion.

"Our Q1 results successfully demonstrate our agility and resilience in dealing with component shortages and inflationary pressure," said Marc Bitzer, chairman and chief executive officer of Whirlpool Corporation. "Sustained strong consumer demand and our recent cost-based pricing actions give us confidence to significantly raise our full-year guidance."

GUIDANCE:

Whirlpool sees FY2021 EPS of $22.50-$23.50, versus the consensus of $20.89.

• Increased full-year 2021 net sales growth to 13 percent from ~6 percent growth (the impact of currency on net sales for future periods is not included)
• Increased GAAP earnings per diluted share to $23.10 to $24.10 from $17.80 to $18.80
• Increased ongoing earnings per diluted share(1) to $22.50 to $23.50 from $19.00 to $20.00
• Increased cash provided by operating activities to $1.70 billion from $1.55 billion
• Increased free cash flow(4) to ~$1.25 billion from $1 billion or more

GAAP and adjusted tax rate (non-GAAP) is unchanged at 24 to 26 percent

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