Whirlpool Corporation Announces First-Quarter Results; Accelerates Cost and Pricing Actions to Restore Margins
Whirlpool reported Q1 revenue of $3.27 billion, down 9.6% year-over-year, with GAAP EPS of $(1.43) and ongoing EBIT margin falling to 1.3%. Management announced a double-digit price increase and $150 million in structural cost take-outs to restore margins, while suspending the common dividend to prioritize debt reduction of over $900 million.
Key figures
- Revenue
- 3273000000
- Guidance
- FY26 GAAP EPS $2.45-$2.95; Ongoing EPS $3.00-$3.50; FCF >$300M
- Revenue Yoy
- -9.6%
- Ongoing ebit
- 44000000
- Debt paydown target
- 900000000
- Ongoing ebit margin
- 1.3%
- Organic net sales yoy
- -6.1%
AI analysis
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