Whirlpool Posts Q2 Loss, Holds Full-Year Outlook on Pricing and Debt Moves

EarningsCorporate Action
โดย Insider Monkey·US·Read original
Summary · why it matters

Whirlpool Corporation reported second-quarter net sales of $3.52 billion, down 6.8% year over year, and swung to an ongoing loss of $0.21 per diluted share from a profit of $1.34 a year earlier, while holding its full-year outlook steady. The appliance maker said MDA North America grew net sales 8% quarter over quarter and expanded EBIT margin by 240 basis points on previously announced pricing actions and new product launches, and it announced fresh price increases in Latin America to address margin pressure in Brazil. Whirlpool completed the transition to a $2 billion asset-based lending facility and issued $2 billion in secured bonds, clearing debt maturities until 2028, and an agreement with Arcelik to sell its remaining 25% stake in Beko produced a $139 million gain and $84 million in net cash proceeds during the quarter. Year over year, ongoing EBIT fell 69.1% to $62 million and ongoing EBIT margin dropped to 1.8% from 5.3%, with MDA North America's EBIT margin down 3.2 points to 2.7% on tariff costs, raw material inflation and fuel costs, MDA Latin America's EBIT margin down 3.0 points, and SDA Global's EBIT margin down 5.4 points on planned marketing investment. The company still guides to $300 million or more in full-year free cash flow and more than $150 million in structural cost cuts, with updated full-year EPS guidance of $2.25 to $2.75 GAAP and $2.50 to $3.00 ongoing reflecting a higher interest expense outlook.

Impact on stocks 2

Consumer Discretionary▲ · 1 stocks
Whirlpool Corporation
WHR
± MixedCapitalPricingrelevance

Q2 swung to a $0.21/share ongoing loss with ongoing EBIT down 69.1% and margin at 1.8%, though full-year outlook held.

Others▲ · 1 stocks

Off-coverage companies 2

Arçelik A.Ş.Private▲ Positive
Capitalrelevance

Whirlpool's agreement with Arcelik to sell its remaining 25% Beko stake produced a $139 million gain and $84 million net cash proceeds.

Beko Europe B.V.Private± Mixed
relevance

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