=Whirlpool (WHR) reported earnings on Thur 26 Jan 2017 (b/o)

Whirlpool misses by $0.07, reports revs in-line; guides FY17 EPS in-line  :

• Reports Q4 (Dec) earnings of $4.33 per share, excluding non-recurring items, $0.07 worse than the Capital IQ Consensus of $4.40; revenues rose 1.7% year/year to $5.66 bln vs the $5.6 bln Capital IQ Consensus.
• Co issues in-line guidance for FY17, sees EPS of $15.25-16.25 vs. $15.94 Capital IQ Consensus Estimate.
• Whirlpool North America reported fourth-quarter net sales of $3.1 billion, compared to $2.9 billion in the same prior-year period. Excluding the impact of currency, sales increased over 8 percent.
• For the full-year 2017, the Company expects to generate cash from operating activities of $1.7 to $1.75 billion and free cash flow of ~$1 billion. Included in this guidance are primarily acquisition-related restructuring cash outlays of up to $165 million, legacy product warranty and liability costs of $70 million, pension contributions of $45 million and, with respect to free cash flow(3), capital spending of $700 to $750 million.