Whirlpool Stock Price, News & Analysis

Whirlpool Corporation (NYSE: WHR) announced its Q3 2021 financial results, reporting net sales of $5,488 million, a 3.7% increase year-over-year. GAAP net earnings rose by 20.2% to $471 million, with GAAP earnings per diluted share at $7.51. The company increased its earnings per share guidance to ~$26.25. Despite strong cash flow of $1,294 million, ongoing EBIT decreased by 3.2% to $608 million. Whirlpool aims for 5-6% annual sales growth and strong cash flow generation, signaling resilience amid market challenges.

On October 18, 2021, Whirlpool Corporation announced a quarterly dividend of $1.40 per share on its common stock. The dividend is scheduled for payment on December 15, 2021, for stockholders of record as of November 19, 2021. With around $19 billion in annual sales and a global workforce of 78,000, Whirlpool continues to focus on innovation in kitchen and laundry products.

On October 15, 2021, Whirlpool Corporation announced the launch of its House + Home World Tour in partnership with Habitat for Humanity International. The initiative will provide over $6 million in funding and energy-efficient appliances to support home construction and repairs across several countries, including the U.S., Canada, Mexico, and the UK. Whirlpool is also sponsoring global housing forums and has committed to building more than 250 climate-resilient homes through its BuildBetter with Whirlpool initiative over the next three years.

Whirlpool Corporation (NYSE: WHR) will announce its third-quarter financial results on October 21, 2021, at 4:05 p.m. ET. Following this, a conference call will be held on October 22, 2021, at 8 a.m. ET to discuss performance with investors. Participants can join the call by dialing 1 (888) 440-4038 or 1 (646) 960-0861 for international calls. The conference will be webcast live on the company's website, where financial statistics and archived materials will be available for 30 days.

Whirlpool Corporation has declared a quarterly dividend of $1.40 per share, payable on September 15, 2021. Stockholders of record as of August 27, 2021 will receive this dividend. In 2020, Whirlpool reported approximately $19 billion in sales and employs about 78,000 people across 57 manufacturing and technology research centers. The company aims to enhance consumers' lives through innovation in kitchen and laundry products.

Whirlpool Corporation (NYSE: WHR) reported Q2 2021 earnings, showcasing a significant performance boost due to strong consumer demand and successful pricing strategies. Net sales rose to $5.324 billion, a 31.7% increase from the previous year. GAAP earnings per diluted share surged to $9.15, a remarkable increase from $0.47. The company raised its full-year guidance, expecting ~16% sales growth and increasing earnings forecasts to ~$26.95 per share. Strong growth was observed in North America (21.6%), Europe (49.5%), and Latin America (75.8%), despite a slight decline in Asia.

Whirlpool Corporation (NYSE: WHR) announced the expansion of Habitat for Humanity's BuildBetter program, committing to construct over 250 climate-resilient, energy-efficient homes over three years. This initiative aims to enhance housing stability amidst increasing natural disasters and improve energy efficiency by 15%. Whirlpool's global corporate social responsibility approach, House + Home, supports these efforts, contributing nearly $130 million to Habitat for Humanity globally. The collaboration includes providing appliances for new homes and hosting global housing forums to address affordable housing challenges.

Whirlpool Corporation (NYSE: WHR) will release its second-quarter financial results on July 21, 2021, at 4:05 p.m. ET, followed by a conference call with investors on July 22, 2021, at 8 a.m. ET. Participants can dial in using (866) 393-4306 for domestic and (734) 385-2616 for international calls, using the confirmation code 'Whirlpool'. The call will be webcast live on their website, with key financial statistics and a recording available for 30 days. Whirlpool aims to be the best global kitchen and laundry company, reporting approximately $19 billion in annual sales in 2020.