Whirlpool (WHR) Q1 2025 Earnings
How Did WHR Stock React to Q1 2025 Earnings?
S&P 500 over the same 30 days: +8.13%.
Did WHR Beat Earnings? Q1 2025 Results
Yes. Whirlpool reported Q1 2025 earnings of $1.70 a share on Apr 23, 2025, beating the $1.67 consensus estimate by 2.0%. Revenue was $3.6B against a $3.7B estimate.
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.
- 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
“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.”
Whirlpool CEO, on the earnings call
What Was Whirlpool's Outlook in Q1 2025?
Whirlpool maintained its full-year 2025 guidance unchanged. The company expects net sales of approximately $15.8 billion, representing approximately 3% growth on a like-for-like basis. Full-year GAAP EPS is expected to be approximately $8.75, with ongoing EPS of approximately $10.00. Cash provided by operating activities is expected to be approximately $1 billion, with free cash flow of $500 to $600 million. The company expects to deliver more than $200 million of structural cost take-out actions and has mitigating actions underway to offset incremental tariff impacts. Management expects new tariff policies to level the playing field and better support American manufacturing. The anticipated GAAP tax rate is 20-25%.
WHR YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $3.6B | $4.5B | −19.3% |
| Gross Profit | $607.0M | $645.0M | −5.9% |
| Operating Income | $184.0M | $168.0M | +9.5% |
| Net Income | $71.0M | $31.2M | +127.4% |
WHR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.