Whirlpool Halves Earnings Outlook and Suspends Dividend After First-Quarter Revenue Miss
Whirlpool cut its full-year earnings outlook roughly in half and suspended its common dividend after first-quarter results missed estimates, sending the shares down 16% in after-hours trading. Revenue fell 9.6% from a year earlier to $3.27 billion, below the $3.51 billion estimate, while adjusted earnings were a loss of 56 cents a share versus expectations for a 62-cent profit.
For fiscal 2026, Whirlpool forecast about $15.0 billion in revenue, below the $15.27 billion estimate, and adjusted earnings of $3.00 to $3.50 a share, versus expectations of $4.73. The company said the dividend suspension would prioritize debt paydown and that it had moved on pricing and costs amid a rapid deterioration in macroeconomic conditions, citing a “recession-level industry decline” tied to the Iran war.
From the sources (4 posts)
@negligible_cap*WHIRLPOOL EXTENDS DROP TO 19% AS REVENUE FORECAST DISAPPOINTS $WHR missed estimates and reduced FY guidance a whole lot (see $3 - $5 per share, previously saw $7 / share) Someone should check in on David Tepper
@wallstengineWHIRLPOOL $WHR Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $3.27B (Est. $3.51B) 🔴; -9.6% YoY 🔹 Adj. EPS: ($0.56) (Est. $0.62) 🔴 🔹 Ongoing EBIT Margin: 1.3%, down 4.6 pts YoY 🔹 Free Cash Flow: $(896)M FY26 Guide: 🔹 Revenue: ~$15.0B (Est. $15.27B)
@thetranscript_Whirlpool double miss. CEO: "We acted decisively to address pricing and costs in the face of rapid deterioration in macroeconomic conditions." $WHR: -16% AH
@burggrabenhWhirlpool cut its full-year earnings guidance by half and suspended its dividend, citing a “recession-level industry decline” due to the Iran war.