Whirlpool (WHR) Tops Q2 EPS by 48c, Offers Guidance
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Whirlpool Announces Solid Second Quarter Results; Reaffirms 2023 Earnings Guidance
July 24, 2023 4:05 PM EDTGAAP net earnings margin of 1.8%, sequentially(1) improved by approximately 570 basis points; GAAP earnings per diluted share of $1.55Ongoing (non-GAAP) EBIT margin(2) of 7.3%, sequentially(1) improved by approximately 200 basis points; ongoing (non-GAAP) earnings per diluted share(3) of $4.21Cost take out actions delivered approximately $150 million of year-over-year Q2 benefitReaffirmed full-year GAAP and ongoing(3) earnings per diluted share of $13.00 to $15.00 and $16.00 to $18.00, respectively; full-year cash provided by operating activities of $1.4 billion and free cash... More
