Whirlpool Corporation
Whirlpool Reports Q4 and Full-Year 2024 Results, Provides 2025 Guidance
Summary
Whirlpool Corporation reported a net sales decline of 18.7% in Q4 2024, driven by the divestiture of its Europe business. Organic net sales grew by 1.9%, and the company achieved its $300 million cost takeout goal for 2024. The company provided guidance for 2025, expecting GAAP earnings per share of approximately $8.75 and ongoing earnings per share of approximately $10.00, along with net cash proceeds of $550 to $600 million from the anticipated India transaction. Whirlpool also expects to pay down approximately $700 million of debt in 2025.
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About Whirlpool Corporation
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, known for its extensive range of products that include washing machines, refrigerators, dishwashers, and cooking appliances. Headquartered in Benton Charter Township, Michigan, Whirlpool Corporation serves both the consumer and commercial markets, offering durable and technologically advanced products that meet diverse domestic needs. The company operates a vast network of manufacturing facilities, research and development centers, and sales offices spread across several countries. Whirlpool's commitment to innovation and sustainability is evident in its development of energy-efficient appliances that align with growing environmental standards. In the financial markets, Whirlpool Corporation plays a significant role in the consumer goods sector, influencing trends and technological advancements in home appliance solutions. It competes with other major industry players, impacting market dynamics and contributing to the evolving landscape of home living and comfort.
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