— Whirlpool Corp. (NYSE: WHR) reported fourth-quarter 2019 adjusted earnings of $4.91 per share, versus $4.27 per share expected.
— 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
Most Popular
AMAT Earnings: Applied Materials Q1 2025 adj. profit rises on higher sales
Applied Materials, Inc. (NASDAQ: AMAT), a leading supplier of equipment and software for manufacturing semiconductor chips and flat panel displays, Thursday reported an increase in sales and adjusted earnings for
Cisco Systems (CSCO) bets on strong AI demand to drive growth
After starting the fiscal year on a weak note, Cisco Systems Inc. (NASDAQ: CSCO) has regained momentum, reporting higher second-quarter revenue and profit that beat analysts’ estimates. The company is
What to expect when Hasbro (HAS) reports its fourth quarter 2024 earnings results
Shares of Hasbro, Inc. (NASDAQ: HAS) stayed green on Thursday. The stock has gained 7% year-to-date. The toymaker is scheduled to report its fourth quarter 2024 earnings results on Thursday,