Categories AlphaGraphs, Consumer, Earnings

Earnings: Whirlpool (WHR) Q1 2023 adjusted profit drops; sales down 6%

Home appliance company Whirlpool Corp. (NYSE: WHR) has reported a sharp fall in adjusted earnings for the first quarter of 2023, reflecting a 6% decline in net sales.

Whirlpool Q1 2023 earnings infographic

At $4.65 billion, first-quarter net sales were down 6% from the year-ago period. All four geographical segments experienced weakness during the period.

Ongoing earnings, which represent profit excluding special items, dropped 50% annually to $2.66 per share during the three-month period. On an unadjusted basis, the company reported a net loss of $179 million or $3.27 per share, compared to a profit of $313 million or $5.33 per share in the prior-year quarter.

Prior Performance

  • Whirlpool Q4 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top