Whirlpool Corporation ( (WHR) ) has released its Q4 earnings. Here is a breakdown of the information Whirlpool Corporation presented to its investors.
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Whirlpool Corporation is a leading home appliance manufacturer, known for its diverse brand portfolio including Whirlpool, KitchenAid, and Maytag, operating primarily in the Americas with a strong focus on innovation in kitchen and laundry appliances.
Whirlpool’s latest financial disclosures for the fourth quarter and full year 2024 reveal a decline in net sales due to the divestiture of its European operations, though the company achieved a slight growth in organic sales. The results also show a significant net loss attributed to a Maytag brand impairment, alongside various strategic initiatives to streamline costs and focus on core markets.
Key financial highlights include an 18.7% drop in fourth-quarter net sales and a full-year decline of 14.6%, though organic sales showed modest growth. The company realized $300 million in cost savings and plans further structural cost reductions in 2025. Despite a steep GAAP loss per share, ongoing earnings per share improved compared to the previous year. Additionally, Whirlpool announced intentions to divest part of its stake in its India operations and reduce debt by $700 million in 2025.
Looking ahead, Whirlpool’s 2025 guidance suggests a cautious optimism with expected improvements in earnings per share and ongoing EBIT margins. The company aims to generate significant free cash flow and enhance shareholder value through strategic capital allocations and operational efficiencies.
