Whirlpool (WHR) Tops Q1 EPS by 49c; Reaffirms

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Go back to Whirlpool (WHR) Tops Q1 EPS by 49c; Reaffirms

Whirlpool Announces First Quarter Results; On Track to Deliver Solid 2023

April 24, 2023 4:05 PM EDT

Portfolio transformation fully on trackGAAP net loss margin of (3.9)% and GAAP loss per diluted share of $(3.27) impacted by non-cash charge associated with the EMEA transaction from seasonal working capital changesOngoing (non-GAAP) EBIT margin(1) of 5.4% with sequential(2) improvement of approximately 200 basis points; ongoing (non-GAAP) earnings per diluted share(3) of $2.66The North America region delivered EBIT(4) margins of 10%, over 400 basis point sequential improvement alongside 1 point of share gains both year-over-year and sequentiallyRevised full-year GAAP earnings per diluted share to... More