Overview
- Whirlpool shares fell about 22% in premarket trading after the company posted weak quarterly results and cut its 2026 outlook.
- Revenue dropped 9.6% to $3.27 billion and adjusted EPS was a loss of 56 cents, both missing analyst estimates.
- The company reported a GAAP net loss of $85 million and said operating and free cash flow were negative $827 million and $896 million.
- Management suspended the common dividend, lowered 2026 guidance to adjusted EPS of $3.00 to $3.50 on about $15.0 billion in sales, set a plan to cut debt by over $900 million, and rolled out its largest price increase in a decade.
- Executives blamed a recession-level drop in U.S. demand tied to weaker consumer confidence after the war in Iran, as North America EBIT fell 96% to $6 million while Latin America and small appliances grew.