Categories AlphaGraphs, Consumer, Earnings

WHR Earnings: Whirlpool Q2 2023 adjusted profit, sales decline

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

Whirlpool Q2 2023 earnings infographic

At $4.79 billion, second-quarter net sales were down 6% from the year-ago period. All geographical segments, except Latin America, experienced weakness during the period.

Ongoing earnings, which represent profit excluding special items, dropped 30% annually to $4.21 per share in Q2. On an unadjusted basis, the company reported net income of $85 million or $1.55 per share, compared to a loss of $371 million or $6.62 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

Key highlights from McCormick & Company’s (MKC) Q3 2023 earnings results

McCormick & Company, Incorporated (NYSE: MKC) reported third quarter 2023 earnings results today. Net sales increased 6% year-over-year to $1.68 billion, but narrowly missed estimates of $1.70 billion.   Net income

Carnival Corporation (CCL): A couple of factors that work in favour of this cruise ship operator

Shares of Carnival Corporation & plc (NYSE: CCL) were down on Monday. The stock has gained 69% year-to-date. The company delivered strong results for the third quarter of 2023 and although

Earnings Preview: PepsiCo (PEP) likely to deliver another strong quarter

Over the years, brand loyalty and diversification of the portfolio have played a key role in the continued success of PepsiCo, Inc. (NASDAQ: PEP) The soft drink giant is now

Add Comment
Viewing Highlight