Whirlpool (NYSE:WHR) reported Q1 EPS of $5.31, $0.09 worse than the analyst estimate of $5.40. Revenue for the quarter came in at $4.92 billion versus the consensus estimate of $5.32 billion.
- Initiated strategic review of our EMEA business; such assessment expected to be concluded by Q3 2022
GUIDANCE:
Whirlpool sees FY2022 EPS of $24.00-$26.00, may not compare versus the consensus of $26.32.
- Expect full-year 2022 net sales growth of 2 to 3 percent
- Reduced earnings per diluted share to $24.00 to $26.00 from $27.00 to $29.00 on a GAAP and ongoing basis
- Reduced cash provided by operating activities to $1.95 billion from $2.2 billion and free cash flow(4) to $1.25 billion from $1.5 billion
- GAAP and adjusted tax rate (non-GAAP) of 24 to 26 percent remain unchanged
For earnings history and earnings-related data on Whirlpool click here