Whirlpool

Whirlpool (WHR) Q1 2025 Earnings

Reported Apr 23, 2025 at 4:15 PM ET · SEC Source

Q1 25 EPS

$1.70

BEAT +2.00%

Est. $1.67

Q1 25 Revenue

$3.62B

MISS 1.25%

Est. $3.67B

vs S&P Since Q1 25

-86.3%

TRAILING MARKET

WHR -50.1% vs S&P +36.2%

Market Reaction

Did WHR Beat Earnings? Q1 2025 Results

Whirlpool delivered a mixed but largely encouraging first quarter, edging past earnings expectations while falling slightly short on revenue as the company continued to navigate a post-divestiture landscape. The appliance maker posted ongoing EPS of … Read more Whirlpool delivered a mixed but largely encouraging first quarter, edging past earnings expectations while falling slightly short on revenue as the company continued to navigate a post-divestiture landscape. The appliance maker posted ongoing EPS of $1.70, beating the $1.67 consensus by 2.00%, while reported net sales of $3.62 billion trailed estimates by 1.25% and fell 19.3% year-over-year, a decline driven almost entirely by the April 2024 completion of its European major domestic appliance divestiture to Arçelik. Strip out that portfolio change and currency effects, and organic net sales actually grew 2.2%, with standout contributions from MDA Asia, where sales climbed 12.3% and EBIT surged 71.5%, and the SDA Global segment, which posted an 18.5% EBIT margin on pricing and direct-to-consumer momentum. On a non-GAAP basis, EBIT margin expanded 160 basis points to 5.9%, underscoring the cost discipline management has emphasized. Whirlpool left its full-year 2025 guidance unchanged, still targeting approximately $15.80 billion in net sales, ongoing EPS of approximately $10.00, and free cash flow of $500 to $600 million.

Key Takeaways

  • Previously announced pricing actions drove margin expansion
  • Structural cost take-out actions delivered in-line with full-year guidance
  • Ongoing EBIT margin expanded 160 basis points year-over-year to 5.9%
  • MDA Asia net sales grew 16.5% excluding currency, driven by share gains and industry growth
  • SDA Global net sales grew 9.9% excluding currency, driven by new product momentum and strong direct-to-consumer sales
  • Organic net sales grew 2.2% year-over-year despite declining consumer confidence
24/7 Wall St

WHR YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

WHR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Despite the uncertain macro environment which impacted consumer confidence in the first quarter, we delivered 160 basis points of margin expansion. This is testimony of our strong brands and products as well as our agile and disciplined operational execution.”

— Marc Bitzer, Q1 2025 Earnings Press Release