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2d ago

Whirlpool Downgrades Outlook and Dividend After Weak Q2

The cut to its full-year forecast reflects slowing appliance sales, competitor stockpiling ahead of tariffs, elevated promotional costs.

The administrative entrance at the Whirlpool plant in Clyde, Ohio, U.S. October 3, 2017. REUTERS/Aaron Josefczyk/File Photo
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Overview

  • Whirlpool recorded adjusted EPS of $1.34 and revenue of $3.77 billion in Q2, falling short of consensus estimates.
  • It trimmed its 2025 EPS outlook to $6–$8 per share from about $10 and scaled back its net sales growth forecast to flat.
  • The board recommended cutting the annual dividend to $3.60 per share from $7.00 to help conserve cash.
  • Shares slid about 12% to a six-week low and B of A Securities downgraded the stock to Underperform with a $70 price target.
  • CFO Jim Peters said the company will pursue cost reduction, proactively manage debt maturities and bolster its balance sheet to navigate uncertain demand.