- Whirlpool’s net sales for the third quarter fell short of expectations at $3.99 billion, marking a 19% decrease from the previous year, with estimates at $4.09 billion.
- The ongoing earnings per share (EPS) was $3.43, lower than the previous year’s $5.45, but exceeded analyst predictions of $3.19.
- In North America, net sales decreased by 4.3% year-over-year to $2.65 billion.
- Latin America’s net sales saw a modest increase of 0.4% year-over-year, reaching $846 million.
- Asia experienced a strong net sales growth of 9.1% year-over-year, totaling $239 million.
- The ongoing earnings before interest and taxes (EBIT) were reported at $233 million, down 28% from the previous year, compared to an estimated $251.5 million.
- Whirlpool maintains its revenue forecast for the year at approximately $16.9 billion, slightly above the estimate of $16.78 billion.
- The company expects ongoing EPS for the year to be around $12, higher than the estimate of $11.51.
- Forecasted cash from operating activities remains at about $1.05 billion, aligning with expectations.
- Free cash flow is anticipated to be approximately $500 million, slightly below the estimate of $513.3 million.
- Whirlpool revised its full-year GAAP earnings per diluted share to approximately $0.50, primarily due to a non-cash charge related to a European transaction.
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Whirlpool Corp on Smartkarma
On Smartkarma, a hub for independent analysts, Baptista Research sheds light on Whirlpool Corp‘s recent performance in their coverage. In a report titled “Whirlpool Corporation: How Is The Management Executing Global Market Penetration and Diversification! – Major Drivers,” Whirlpool’s second-quarter 2024 earnings reveal a nuanced picture amid macroeconomic challenges. Despite facing soft demand in the North American market due to housing market fluctuations, the company showcased strong global margin expansion and maintained its net sales guidance at $16.9 billion.
Furthermore, Baptista Research‘s analysis in their report “Whirlpool Corporation: How Are The Global Home Remodeling Trends Expected To Benefit Them? – Major Drivers” delves into Whirlpool Corporation’s first quarter 2024 results. The report highlights a mixed performance within challenging macroeconomic conditions, with certain segments, especially in North America, experiencing softness. Strategic initiatives like completing the EMEA transaction and implementing a price increase in North America aim to enhance the company’s market position and financial standing despite the hurdles.
A look at Whirlpool Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Whirlpool Corp, a leading manufacturer of major home appliances, holds a promising long-term outlook based on its Smartkarma Smart Scores. The company excels in dividends and momentum, with high scores of 5 and 4 respectively, indicating strong performance in these areas. Despite moderate scores in value, growth, and resilience, with a score of 3, 2, and 2 respectively, Whirlpool Corp‘s overall outlook remains positive. With its global presence and diverse product range including laundry appliances, refrigeration equipment, cooking appliances, and more, Whirlpool Corp stands out as a reliable choice in the home appliances industry.
In summary, Whirlpool Corporation, a renowned manufacturer of major home appliances, is positioned for long-term success as indicated by its robust performance in dividends and momentum, earning scores of 5 and 4 respectively. The company’s diverse product portfolio, including laundry appliances, refrigeration equipment, cooking appliances, and more, is sold worldwide, enhancing its market presence and resilience. Although the scores for value, growth, and resilience are moderate, Whirlpool Corp‘s overall outlook remains positive, making it a noteworthy player in the global home appliances market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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