Global Sequential EBIT Margin Expansion
Whirlpool delivered global sequential EBIT margin expansion, achieving 50 basis points of margin expansion globally and 100 basis points in North America due to pricing actions.
Strong Free Cash Flow and Capital Allocation
Whirlpool generated approximately $130 million of cash in Q3 and expects to deliver $500 million in free cash flow for 2024, with significant debt reduction and shareholder returns.
Product Innovation and Launches
Whirlpool launched new products in the laundry and refrigeration categories, including the FreshFlow Vent System and a 4-door KitchenAid refrigerator, enhancing their growth and market position.
MDA Latin America and Asia Strong Performance
Latin America saw 9% net sales growth year-over-year, and Asia reported double-digit net sales growth of 10% year-over-year, excluding currency impacts.
Reaffirmed Full Year Guidance
Whirlpool reaffirmed its full-year guidance with net sales of approximately $16.9 billion and a 6% EBIT margin, ongoing EPS of $12, and free cash flow of $500 million.