Whirlpool (WHR) Misses Q3 EPS Views; Trims FY15 EPS Outlook

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Whirlpool Corporation Reports Third-Quarter Results

October 23, 2015 6:00 AM EDT

BENTON HARBOR, Mich., Oct. 23, 2015 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today third-quarter GAAP net earnings of $235 million, or $2.95 per diluted share, compared to $230 million, or $2.88 per diluted share, reported for the same prior-year period. Ongoing business earnings per diluted share(1) totaled a record $3.45 compared to $3.04 in the same prior-year period, primarily driven by the benefits of cost and capacity-reduction initiatives, ongoing cost productivity, favorable price/mix and benefits from acquisition integration activities.

Net sales in the quarter were a... More