Whirlpool Corporation reported second-quarter 2026 results with net sales of $3,517 million, down 6.8% year over year, and organic net sales down 1.7%. GAAP net earnings available to common shareholders were $75 million, increasing net earnings margin to 2.1%, while GAAP diluted EPS was $1.15. Ongoing (non-GAAP) EBIT declined to $62 million with an ongoing EBIT margin of 1.8%, and ongoing earnings per diluted share were a loss of $0.21. Free cash flow for the first six months was negative $1,108 million on cash used in operating activities of $947 million.
By segment, Major Domestic Appliances North America posted net sales of $2,408 million and an EBIT margin of 2.7%; Latin America grew net sales to $868 million with a 3.0% margin; Small Domestic Appliances Global delivered net sales of $202 million and an 11.9% margin. Management highlighted completion of a $2 billion asset based lending facility and issuance of $2 billion in secured bonds, clearing debt maturities until 2028. For full-year 2026, Whirlpool states its operational outlook is unchanged and expects approximately $15.0 billion of net sales, a GAAP net earnings margin of about 1.0%, ongoing EBIT margin around 4.0%, GAAP EPS of $2.25–$2.75, ongoing EPS of $2.50–$3.00, operating cash flow near $700 million and free cash flow above $300 million.
BlackRock, Inc. filed Amendment No. 14 to a Schedule 13G reporting its beneficial ownership in Whirlpool Corporation common stock. As of June 30, 2026, BlackRock reported beneficial ownership of 6,157,814 shares of Whirlpool common stock, representing 9.4% of the outstanding class.
BlackRock reported sole voting power over 5,996,743 shares and sole dispositive power over 6,157,814 shares, with no shared voting or dispositive power. The filing aggregates holdings of specified BlackRock business units and excludes other units that report ownership separately. Various underlying clients have rights to dividends or sale proceeds, but no single client exceeds five percent of Whirlpool’s outstanding common shares.
Whirlpool Corporation plans to close its Supsa manufacturing facility in Apodaca, Mexico by the second quarter of 2027 as part of broader factory footprint changes. Production will be shifted to Ramos Arizpe, Mexico and other sites to streamline its refrigeration manufacturing network and cost structure.
The company estimates up to $165 million in total restructuring costs, including approximately $95 million of asset impairment, $30 million of employee-related costs, and $40 million of other associated costs. About $70 million of these costs are expected to be future cash expenditures.
Whirlpool expects roughly $100 million of the total restructuring costs and about $15 million of the anticipated cash outlays to occur in 2026, with the actions substantially complete in 2027. The company highlights that these figures and timelines are forward-looking and subject to risks and uncertainties.
Whirlpool Corporation disclosed that its subsidiary Whirlpool Finance Luxembourg S.à r.l. entered into a First Supplemental Indenture for its 1.100% Notes due 2027. The amendment changes references from “one year” to “two years” in the satisfaction and discharge provision, accelerating the issuer’s ability to satisfy and discharge the Indenture for these notes once the related tender offer is completed.
As of June 12, 2026, €546,715,000 aggregate principal amount of the 2027 Notes, representing approximately 91.12% of the outstanding principal, had been validly tendered, providing sufficient consents for the amendment to be approved. The amendment becomes operative after the company purchases all tendered 2027 Notes at the expiration of the tender offer and consent solicitation.
Whirlpool Corporation is overhauling its debt structure by issuing $1.0 billion of 7.500% Senior Secured Second Lien Notes due 2031 and $1.0 billion of 7.875% Senior Secured Second Lien Notes due 2034, both secured on a second-lien basis.
The company also entered into a new asset-based revolving credit facility of up to $2.0 billion, secured by accounts receivable, inventory, intellectual property, machinery, equipment, credit card receivables and eligible cash of Whirlpool and certain subsidiaries. This facility replaces its prior long-term credit agreement.
Whirlpool plans to use proceeds from the new notes and borrowings under the ABL facility to fund tender offers for its 1.250% Notes due 2026 and 1.100% Notes due 2027, repay its existing unsecured revolver, and cover related fees and expenses. Early tender participation reached 73.06% of the €500 million 2026 Notes and 91.12% of the €600 million 2027 Notes.
Whirlpool Corporation has priced a private offering of $1.0 billion of 7.500% Senior Secured Second Lien Notes due 2031 and $1.0 billion of 7.875% Senior Secured Second Lien Notes due 2034, upsized from $750 million of each series. The notes are being sold to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S.
Closing is expected on June 16, 2026, contingent on Whirlpool’s new asset-based revolving credit facility. Whirlpool plans to use the net proceeds, together with borrowings under that facility, to fund a tender offer and related actions for its 1.250% Senior Notes due 2026 and 1.100% Senior Notes due 2027, repay its existing unsecured revolving credit facility, and pay related fees and expenses.
Whirlpool Corporation plans a private offering of $750 million of Senior Secured Second Lien Notes due 2031 and $750 million of Senior Secured Second Lien Notes due 2034. The company expects to use the proceeds, along with borrowings under a new asset-based revolving credit facility, to fund a cash tender offer for its subsidiary’s €500,000,000 1.250% Senior Notes due 2026 and €600,000,000 1.100% Senior Notes due 2027, to satisfy and discharge any remaining notes, repay amounts outstanding under its existing unsecured revolver, and pay related fees and expenses.
Whirlpool has commenced the tender offer and a related consent solicitation for the 2027 notes, offering an early tender premium of €50 per €1,000 principal amount to holders who tender by the early deadline. In 2025, Whirlpool reported approximately $16 billion in annual net sales, with close to 90% generated in the Americas.
Whirlpool Corporation director Judith K. Buckner reported an amended insider transaction reflecting an annual director stock award as deferred stock units instead of common shares. On April 21, 2026, she was granted 2,811 Deferred Stock Units at a stated price of $0.00 per unit.
These deferred stock units convert on a one-for-one basis into Whirlpool common stock when she leaves the Board. Following this correction, Buckner holds 2,811 deferred stock units directly under the company’s plan for nonemployee directors.
Whirlpool Corporation — an amended Schedule 13G/A filed by Primecap Management Co/CA/ reports beneficial ownership of 3,746,368 shares of common stock, representing 5.78% of the class. The filing shows Primecap has sole voting power for 3,721,908 shares and sole dispositive power for 3,746,368 shares. The amendment is signed by a Deputy Chief Compliance Officer on 05/12/2026.
FMR LLC filed an Schedule 13G/A Amendment No. 3 reporting beneficial ownership of 6,634,654.85 shares of Whirlpool Corp common stock, representing 10.1% of the class. The filing shows sole voting power of 4,700,584.41 and sole dispositive power for 6,634,654.85 shares. The amendment is signed under a power of attorney and references an attached Exhibit 99 and Exhibit 24.