Key Points – Whirlpool reaffirmed its full-year operational outlook after second-quarter results met expectations, including approximately 1.5% like-for-like revenue growth, a 4% ongoing EBIT margin and $300 million in free cash flow.
However, it lowered its EPS outlook to reflect higher interest expense following refinancing. – North American margins improved significantly, supported by pricing actions, new products and cost reductions
Whirlpool expects another substantial margin improvement in the third quarter as July price increases and builder pricing take full effect. – Whirlpool strengthened liquidity through an equity offering, new lending facilities, secured bonds and asset sales, securing more than $3 billion of liquidity and extending debt maturities through 2028. The company is also targeting $150 million in 2026 cost reductions and expects year-end net debt below $5 billion. – MarketBeat Week in Review – 07/27- 07/31 Whirlpool (NYSE:WHR) said its second-quarter performance was in line with expectations as the appliance maker navigated softer industry demand, elevated input costs and promotional pressure in Latin America. The company reaffirmed its full-year operational outlook, while updating its earnings-per-share outlook to reflect higher interest expense following recent refinancing activity.
Chairman and Chief Executive Officer Marc Bitzer said the company delivered sequential margin improvement during the quarter and expects that progress to continue through the rest of 2026. He pointed to pricing actions, product launches, structural cost reductions and balance-sheet initiatives as key elements of Whirlpool’s plan to improve profitability and position itself for an eventual recovery in consumer sentiment and housing. – Whirlpool’s Report May Show How Frozen the Housing Market Really Is Second-quarter net sales totaled $3.5 billion. Ongoing EBIT margin improved 50 basis points sequentially to 1.8%, while ongoing earnings per share were negative…