Whirlpool: Q2 EPS down 29%

(CercleFinance.com) - On Monday evening Whirlpool reported non-GAAP EPS that is down 29.
5% to $4.21 for Q2 2023, as well as an adjusted EBIT margin of 7.3% on revenues that fell 6% to $4.79bn (-5.6% excluding currency effects).

"Our portfolio transformation towards a higher-growth, higher-margin business is well underway, and we are well-positioned to benefit from housing-driven demand recovery, including now having 8 of the top 10 national builders as trade customers," said company CEO Marc Bitzer


The household appliance maker has also confirmed its targets for the current year, including adjusted EPS of $16 to $18 and FCF of around $800m.


Copyright (c) 2023 CercleFinance.com. All rights reserved.