Whirlpool Corporation Reports Resilient First-quarter 2020 Results With Ample Liquidity To Withstand Current Economic Uncertainty

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Go back to Whirlpool Corporation Reports Resilient First-quarter 2020 Results With Ample Liquidity To Withstand Current Economic Uncertainty

Whirlpool (WHR) Tops Q1 EPS by 20c

April 30, 2020 4:13 PM EDT

Whirlpool (NYSE: WHR) reported Q1 EPS of $2.82, $0.20 better than the analyst estimate of $2.62. Revenue for the quarter came in at $4.33 billion versus the consensus estimate of $4.3 billion.

QUARTERLY HIGHLIGHTS

Q1 GAAP net earnings margin of 3.5 percent of sales, compared to 9.9 percent of sales, as prior year results were favorably impacted by a $127 million gain related to a Brazil indirect tax credit and certain favorable tax items.Ongoing (non-GAAP) EBIT margin(2) of 6.1 percent of... More