Categories Earnings, LATEST, Other Industries

Whirlpool (NYSE: WHR): Q4 2019 Earnings Snapshot

— Whirlpool Corp. (NYSE: WHR) reported fourth-quarter 2019 adjusted earnings of $4.91 per share, versus $4.27 per share expected.

Whirlpool (NYSE: WHR): Q4 2019 Earnings Snapshot

— Q4 results benefited from strong net earnings margin and ongoing EBIT margin, which were slightly ahead of the management’s operational guidance

— Unadjusted profit was $288 million or $4.52 per share, compared to $170 million or $2.64 per share last year

— Net sales fell by 5% to $5.4 billion, versus $5.52 billion expected. Organic net sales increased by 1.2%

— In the December-quarter, ongoing EBIT came in at $389 million, or 7.2% of sales, compared to $348 million, or 6.2% of sales, a year earlier

— Expects full-year 2020 unadjusted earnings to be in the range of $14.80 per share to $15.80 per share

— Expects full-year 2020 adjusted earnings to be in the range of $16 per share to $17 per share

— Cash provided by operating activities is expected to be between $1.3 billion and $1.4 billion in 2020

— Looking for full-year free cash flow of approximately $800 million to $900 million

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