Whirlpool Q2 sales fall, slightly miss estimates
Whirlpool Q2 sales fall, slightly miss estimates
Overview
U.S. home appliance maker's Q2 sales fell 6.8% and slightly missed analyst expectations
Q2 ongoing EPS was negative, while GAAP EPS was positive
Company cites margin improvement from price increases and cost actions; full-year outlook unchanged
Outlook
Whirlpool maintains 2026 revenue outlook at ~$15.0 bln
Company sees 2026 GAAP EPS at $2.25-$2.75 and ongoing EPS at $2.50-$3.00
Whirlpool expects 2026 free cash flow of over $300 mln
Result Drivers
PRICING ACTIONS - Co said margin improvement was driven by execution of price increases in North America and new product launches
VOLUME DECLINES - North America net sales fell year-over-year due to lower volume from industry decline, partially offset by favorable price/mix
HIGHER COSTS - EBIT margin in North America was pressured by volume decline and higher tariff, raw material and fuel costs, partially offset by favorable price/mix
Company press release: ID:nPnb4cy1Ca
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Slight Miss* | $3.52 bln | $3.55 bln (9 Analysts) |
Q2 GAAP Earnings per Diluted Share |
| $1.15 |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy."
Wall Street's median 12-month price target for Whirlpool Corp is $43.00, about 14.7% above its July 31 closing price of $37.50
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Reuters Recommended Reads
Aug 3 - Germany's Beiersdorf H1 sales fall, trims FY outlook
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)