Home appliance company Whirlpool Corp. (NYSE: WHR) has reported a sharp fall in adjusted earnings for the fourth quarter of 2022, hurt by a 15% decline in sales.
At $4.92 billion, fourth-quarter net sales were down 15% from the year-ago period. All four geographical segments experienced weakness during the period.
Ongoing earnings, which represent profit excluding special items, dropped 37% annually to $3.89 per share during the three-month period. On an unadjusted basis, the company reported a net loss of $1.61 billion or $29.35 per share, compared to a profit of $298 million or $4.90 per share in the prior-year quarter.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
KBH Earnings: KB Home Q1 profit drops on lower sales, misses estimates
Homebuilder KB Home (NYSE: KBH) on Monday announced financial results for the first quarter of 2025, reporting lower revenues and profit. The bottom line fell short of expectations. First-quarter net
Can Nike (NKE) achieve sustainable growth under new leadership?
Nike, Inc. (NYSE: NKE) is banking on innovations in its product portfolio and improvements in the operating environment to regain strength, while it continues to grapple with multiple headwinds affecting
Here’s how Lennar (LEN) is navigating a challenging macroeconomic environment
Shares of Lennar Corporation (NYSE: LEN) gained over 1% on Monday. The stock has dropped 11% over the past three months. The homebuilder grew its revenues in the first quarter
