Categories Earnings, Industrials

Whirlpool (NYSE: WHR): Q3 2019 Earnings Snapshot

— Whirlpool Corp. (NYSE: WHR) reported third-quarter 2019 adjusted earnings of $3.97 per share versus $3.89 per share expected.

— The results were favorably impacted by a lower effective tax rate, primarily related to pre-funding of its US pension and other tax planning strategies.

— Net sales fell by 4% to $5.09 billion versus $5.13 billion expected. Organic net sales increased by 2%.

Whirlpool (WHR) Q3 2019 Earnings Snapshot

— Sales from North America rose by 0.5% while that from Europe, the Middle East, and Africa decreased by 4%. Latin America sales plunged by 28% while Asia sales increased by 6%.

— For 2019, the company cut unadjusted earnings guidance to the range of $16.80 to $17.55 per share from the prior range of $17.80 to $18.55 per share. The additional product warranty and liability expense was partially offset by adjustments to the Embraco gain on sale calculation.

— The ongoing earnings outlook is reaffirmed to be in the range of $14.75 to $15.50 per share and is trending towards the high-end of the range for the full year.

— For 2019, cash provided by operating activities is still expected to be about $1.4 billion and free cash flow is still predicted to be about $800 million.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

McCormick (MKC) expects pricing to drive sales growth for the full year of 2022

Shares of McCormick & Co. Inc. (NYSE: MKC) were up on Thursday after the company beat sales estimates for the third quarter of 2022. Adjusted earnings, however, decreased from the

STZ Infographic: Highlights of Constellation Brands’ Q2 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) announced second-quarter 2023 earnings results on Thursday, reporting a 12% increase in net sales. Comparable earnings, adjusted for one-off items, climbed 33% year-over-year to $3.17

Conagra Brands (CAG) Q1 earnings beat estimates on higher revenues

Packaged Foods company Conagra Brands Inc. (NYSE: CAG) on Thursday said its first-quarter profit increased supported by a 10% revenue growth. Earnings also came in above the consensus forecast. At $2.90

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