Whirlpool (WHR) reported earnings on Wed 21 Oct 2020 (a/h)

 ** charts after earnings **

 

Whirlpool CEO Marc Bitzer

Whirlpool beats by $2.71, beats on revs; guides FY20 EPS above consensus, revs above consensus

Reports Q3 (Sep) earnings of $6.91 per share, excluding non-recurring items, $2.71 better than the S&P Capital IQ Consensus of $4.20; revenues rose 3.9% year/year to $5.29 bln vs the $4.76 bln S&P Capital IQ Consensus.

• Organic net sales +7%, driven by solid industry demand across the globe

Co issues upside guidance for FY20, sees EPS of $17.50-18.00, excluding non-recurring items, vs. $13.71 S&P Capital IQ Consensus; sees FY20 revs of -5-7% (implying $19-19.4 bln) vs. $18.24 bln S&P Capital IQ Consensus.

• Expects FY 20 organic net sales of 0% to a decline of 1%