Whirlpool (WHR) Tops Q3 EPS by $1.22
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Whirlpool Announces Third Quarter Results; Europe Transaction Clears Major Milestone; Operational Priorities on Track and Delivering Substantial Cost Take Out
October 25, 2023 4:05 PM EDTNet sales growth of approximately 3% with share gains and strong replacement and builder demand in North AmericaGAAP net earnings margin of 1.7% (-130bps YoY) and ongoing (non-GAAP) EBIT margin(1) of 6.5% (+100bps YoY) driven by cost take out actionsGAAP and ongoing (non-GAAP) earnings per diluted(2) share of $1.53 and $5.45, respectivelyCost take out actions delivered approximately $300 million of year-over-year benefit in the quarter; on track to deliver over $800 million full-year benefitExpecting to return... More
