Whirlpool (WHR) Tops Q3 EPS by 56c, Revenue Misses

Whirlpool (NYSE: WHR) reported Q3 EPS of $6.68, $0.56 better than the analyst estimate of $6.12. Revenue for the quarter came in at $5.49 billion versus the consensus estimate of $5.73 billion.

FULL-YEAR 2021 OUTLOOK:

• Expect full-year 2021 net sales growth of ~13 percent
• Increased GAAP earnings per diluted share to ~$27.80 from ~$26.95, driven by the gain resulting from our additional investment in Elica PB India(7) and lower restructuring charges
• Increased ongoing earnings per diluted share(1) to ~$26.25
• Cash provided by operating activities of $1.95 billion and adjusted free cash flow(4) of $1.70 billion remain unchanged
• GAAP tax rate of 22 to 24 percent and adjusted tax rate (non-GAAP) of 24 to 26 percent remain unchanged

For earnings history and earnings-related data on Whirlpool (WHR) click here.

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