Whirlpool (WHR) Tops Q2 EPS by 70c, Updates FY Guidance

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Go back to Whirlpool (WHR) Tops Q2 EPS by 70c, Updates FY Guidance

Whirlpool Reports Q2 Results, Delivers In A Challenging Environment

July 25, 2022 4:05 PM EDT

GAAP net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) impacted by non-recurring charges of $747 million, largely driven by loss from sale of Russia business and EMEA asset impairmentDelivered ongoing (non-GAAP) EBIT margin(2) of 9.0% and ongoing (non-GAAP) earnings per diluted share(1) of $5.97, despite elevated cost inflation and demand slowdownNorth America region delivered strong results with EBIT(3) margin of 14.1% led by previously executed cost-based price increases offset by lower volumes and elevated cost inflationReturned ~$400 million in repurchases and dividends in the quarter, on track with commitment to return over $1.5... More