===Whirlpool (WHR) reported earnings on Mon 29 Jan 24 (a/h)

 

Whirlpool beats by $0.32, beats on revs; guides FY24 EPS below consensus, revs below consensus

• Reports Q4 (Dec) earnings of $3.85 per share, excluding non-recurring items, $0.32 better than the FactSet Consensus of $3.53; revenues rose 3.4% year/year to $5.09 bln vs the $4.98 bln FactSet Consensus.
• Co issues downside guidance for FY24, sees EPS of 13.00-15.00, excluding non-recurring items, vs. $15.37 FactSet Consensus; sees FY24 revs of $16.9 bln vs. $17.9 bln FactSet Consensus.
  • Resegmenting the business to reflect transformed portfolio; 2024 reporting segments now include major domestic appliances (MDA) for North America, Europe, Latin America and Asia along with global small domestic appliances.
    
  • Co expects the Europe transaction to close by April 2024, and full year guidance includes three months MDA Europe expected results (approximately $700 million of net sales and EBIT margin of approximately 1.5%).
    
  • Expect to pay dividends of approximately $400 million in 2024 (subject to board approval) and reduce debt by approximately $500 million.
    
• Co added, "Looking forward to 2024 we expect to further reset our cost structure with an additional $300 - $400 million of cost take out, while our portfolio transformation will unlock margin lift with the close of the Europe transaction, expected in April 2024."

Earnings this week : Jan 29 - Feb 2, 24 (wk 5)

Monday (Jan 29)

• Morning: CR BEN PPBI PHG SOFI
• Afternoon: ARE CADE CALX CSWC CLF ELS FFIV GGG HLIT HTLF HP NUE PCH SANM SMCI WHR WWD

Tuesday (Jan 30)

• Morning: AOS CVLT GLW DHR FCF GM HCA HOPE HUBB JBLU JCI MBUU MAN MDC MPC MPLX MSCI PNR PFE PII PHM SYY UPS
• Afternoon: AMD GOOG APAM ASH AX BXP CB EA ENVA EQR FIBK FBIN HA JNPR LC LFUS MANH MTCH MSFT MOD MDLZ RNR RHI SWKS SBUX SYK TER UMBF UNM

Wednesday (Jan 31)

• Morning: APTV ADP AVY AVT BA BSX BV EAT COR CMCO EVR EXTR FTV GSK GPI HES HESM LII MKTX MA NAVI NDAQ NYCB NVS ODFL OTIS PSX ROK ROP SLGN SLAB TEVA TMO UMC
• Afternoon: EGHT AFL ALGN AVB AXS BHE BOOT BDN CHRW CCS CNMD CLB CTVA CACC DGII FLEX THG KLIC LSTR MXL MTH MET MTG PTC QRVO QCOM RYN SEIC SIGI TTEK UGI VSTO WOLF

Thursday (Feb 1)

• Morning: FLWS ALGM MO ATI ATKR BALL BDX BR BIP BC CAH CMS DLX LPG DOV ETN EPD HON HII ITW IP JHG KEX LANC LAZ MTSI MRK OCSL PH PTON PBI DGX RVTY RCL SBH SNY SNDR SIRI SR SWK SXC TECH TSCO TT WNC WEC WRK
• Afternoon: ATGE AMZN AAPL TEAM BZH CPT CLFD CLX COLM COUR DECK DLB DXC EMN EXPO GEN HIG HOLX HLI HUBG KMPR LESL LPLA META MCHP MTX NOV POST RGA SKX SNCY SKYW X VIAV

Friday (Feb 2)

• Morning: ABBV AON BMY CHTR CVX CHD XOM GWW IMO LYB PIPR REGN SAIA CI TWST WT
• Afternoon: CBOE

Earnings this week : Oct 23 - 27, 23 (wk 43)

Monday (Oct 23)

• Morning:  BOH HOPE PHG
• Afternoon: AGYS ARE BRO CADE CDNS CALX CATY CLF CR CCK HSTM HXL IBTX MEDP PKG RLI SSD AAN TBI WRB WSFS

Tuesday (Oct 24)

• Morning: MMM HOUS ADM ARCC AWI ABG BANC BCS CNC KO CBU GLW DHR DOV DOW FI FELE GATX GE GM HAL HCA HRI ITW IVZ KMB EDU NEE NEP NVS NUE ONB PCAR PPBI PACW PNR PII PHM DGX RTX SASR SHW SFNC SMPL SPOT SYF TECK TRU VZ XRX
• Afternoon:  GOOG NTB BYD BDN CNI CHX CB CSGP EGP WIRE ENVA FFIV FCF FFBC HA HIW JBT MANH MTDR MSFT MSA NBHC RRC RNST ROIC RHI SNAP LRN TDOC TXN TRMK UMBF VBTX VICR V WM

Wednesday (Oct 25)

• Morning:  ALKS APH ADP AVY BXMT BA BOKF CME CNX CSTM EVR FTV GD GBX GPI HCSG HES HESM HLT IART LKFN LTH LAD MKTX MNRO MCO COOP MSM NAVI NSC ODFL OMF OPCH OTIS OC PAG PRG PB RDUS ROP RES R SLGN SF TMUS TMHC TDY TMO TNL UMC VRT WNC WAB WFRD
• Afternoon:  AEM ALGN ALSN AMP AM AR ATR ASGN AVB AGR BKR BHE CACI CCS CHE CHDN CYH CNMD CVBF EW ESI EIG EPR EQT EQIX ETD EG FIBK FLEX FLS FBIN FTAI GL GSHD GGG IBM ICLR IEX IMAX PI INVH KALU KRC KLAC LSTR LC LXFR MAT MXL META MAA MOH MYRG NTGR NXT ORLY OII CASH PEGA PPC PLXS QS RJF ROL SLM SEIC NOW STC SUI NOVA TER TNET TROX UCTT URI UHS VMI VLTO VICI VKTX WSBC WU WHR WH

Thursday (Oct 26)

• Morning: AOS MO AMT AIT ARCH AMBP BPMC BSX BFH BMY BC BG CRS CARR CBZ CNP CMS CTS CFR EXP EME EXLS XPRO FAF FCFS ULCC FCN THRM GWW HEES HOG HAS HSY HTZ HON INSM IP ITGR KVUE KDP KIM KEX LH LAZ LEA LII LIN LKQ MAS MA MDC MPW MRK MBLY NYCB NEM NOC NVCR OSIS OSTK PATK BTU PCG BPOP RS RITM RCL STX SAH SBSI LUV STM FTI TXT SHYF TSCO TW TPH TRS UPS VLO VLY VC VMC WST WEX WTW
• Afternoon:  ATGE AB AMZN ABCB APPF AJG AX BIO BJRI SAM CPT COF CSL CC CMG CINF COLM CDP COUR CUZ CUBI DECK DXCM DLR EMN ELME EHC ENPH ESS EVTC EXPO FHI FE F GLPI HIG HUBG INTC JNPR KNSL LHX LPLA LTC MGRC MMSI MTX MHK NRDS NOV OLN PEB PFSI PFG PFS PTCT RSG RMD SKX SKYW SSB SPSC SSNC STAG TEX TXRH X UDR VRSN WY

Friday (Oct 27)  

• Morning:  ABBV AER AON ARCB AN AVTR BCPC B BAH CBRE GTLS CHTR CVX CL DAN XOM FHB GNTX IMO LECO LYB NWL NVT OIS PSX PIPR PNM POR SAIA SNY SWK STEL TROW WT XEL
• Afternoon:  ACMR

Whirlpool (WHR) reported earnings on Thur 20 Oct 22 (a/h)

 ** charts before earnings **

 

** after earnings **

Whirlpool misses by $0.86, misses on revs; guides FY22 EPS below consensus, revs below consensus; strategic review of EMEA nears conclusion

• Reports Q3 (Sep) earnings of $4.49 per share, excluding non-recurring items, $0.86 worse than the S&P Capital IQ Consensus of $5.35; revenues fell 12.8% year/year to $4.78 bln vs the $5.15 bln S&P Capital IQ Consensus.
  • Excluding currency, net sales fell 9.7% yr/yr to $4.96 bln.
  • In anticipation of a temporary soft demand environment, reduced production volumes by 35% in the third quarter.
  • Strategic review of EMEA nears conclusion with two potential strategic investors in final evaluation stage.
• Co issues downside guidance for FY22, sees EPS of ~$19.00, excluding non-recurring items, (down from $22.00-24.00) vs. $21.76 S&P Capital IQ Consensus; sees FY22 revs of $20.1 bln vs. $20.59 bln S&P Capital IQ Consensus.
• Co added, "Looking ahead, we see these challenges persisting into the first half of 2023, however, we believe we have the right actions in place that will allow us to navigate through the current environment while advancing our portfolio transformation."
  • Portfolio transformation advances with announced acquisition of InSinkErator and the completed divestiture of the Whirlpool Russia business.

Earnings this week : Oct 17 - 21, 22 (wk 42)

Monday (Oct 17)

• Morning:  BAC BK SCHW
• Afternoon: ELS MRTN

Tuesday (Oct 18)

• Morning: ACI CBSH GS HAS JNJ LMT SBNY SI STT TFC
• Afternoon:  FNB FHN FULT HWC IBKR ISRG JBHT NFLX OMC PNFP UAL UCBI WTFC

Wednesday (Oct 19)

• Morning:  ABT ALLY ASML BMI BKR CFG CMA ELV HCSG LAD MTB MKTX NDAQ NTRS PG PLD SCL TRV UNF WGO
• Afternoon:  AA CNS CCI CVBF EFX FR IBM KALU KMI KNX LRCX LSTR LBRT PACW PPG REXR RLI SLG STLD TSLA TCBI UMPQ WDFC

Thursday (Oct 20)

• Morning: ABB ALK AAL T AUB BANC BKU BHLB BX COLB DHR DOV DOW EWBC ERIC FITB FCX GPC HRI HOMB IRDM KEY LNN MAN MMC MSM NOK NUE PPBI PM POOL DGX SASR SNA SNV TSCO UNP WSO WBS WNS
• Afternoon:  ASB OZK BJRI SAM BDN CSX EEFT FFBC GBCI HTH RHI SNAP SIVB THC UFPI WAL WHR

Friday (Oct 21)  

Morning:  AXP ALV HCA HBAN IPG RF SLB SXT SMPL VZ

Whirlpool (WHR) reported earnings on Wed 26 Jan 22 (a/h)

 ** charts after earnings ** 

Earnings this week : Jan 24 - 28, 22 (wk 4)

Monday (Jan 24)

• Morning:  BOH CBU HAL PHG
• Afternoon: BRO CR ELS HOPE IBM IBTX LOGI SSB STLD WSFS ZION

Tuesday (Jan 25)

• Morning: MMM AXP ADM AUB BANC CVLT ERIC GATX GE IVZ JNJ LKFN LMT NEE NEP PCAR PII RTX UMC VZ XRX
• Afternoon:  AGYS BXP CADE CNI COF FFIV FCF HA MRTN MSFT NAVI NXGN RNR RNST SLGN LRN TXN TRMK UMBF VBTX WSBC

Wednesday (Jan 26)

• Morning:  ABT APH ANTM T ADP BA GLW FBP FBC FCX GD HES KMB KNX MKTX MNRO NDAQ NYCB NSC OSK PGR PB ROL RES SF TEL
• Afternoon:  AMP AZPN AVT AXS CACI CALX CLS CNS CNMD CCI CVBF DRE EW FLEX HXL INTC ISBC LRCX LSTR LVS LC LEVI MTH CASH MEOH MKSI PKG PLXS PTC XM RJF RLI SLM STX SEIC NOW SIMO SLG TER TSLA URI VRTX WHR WOLF XLNX

Thursday (Jan 27)

• Morning: FLWS AOS ALK ADS MO AIT BLL BX BC CNX CMCO CMCSA CFR DHR DOV DOW EXP EWBC EXTR HCA IP JBLU KEX MTSI HZO MMC MA MKC MCD MSCI MUR NTCT NOC NUE OSIS BPOP ROK RCI SAP SHW SFNC LUV STM TROW TDY TXT TSCO VLO VLY XEL
• Afternoon:  ABCB AAPL AJG TEAM AX BZH BOOT CP CATY CE EMN ETD FICO FHI FFBC FIBK GBCI HTH JNPR KLAC MITK MDLZ NATI OLN RMD RHI HOOD SYK X V WRB WAL WDC

Friday (Jan 28)  

• Morning:  ALV BMI BAH CAT CHTR CVX CHD CL GNTX LYB MOG.A PSX PFS SBSI SYF VFC WY WETF

Earnings spotlight: Monday, January 24 Philips (NYSE:PHG), Halliburton (NYSE:HAL) and IBM (NYSE:IBM).

Earnings spotlight: Tuesday, January 25 Verizon (NYSE:VZ), Johnson & Johnson (NYSE:JNJ), Lockheed Martin (NYSE:LMT), American Express (NYSE:AXP), Microsoft (MSFT), Capital One (NYSE:COF), F5 Networks (NASDAQ:FFIV ) and Texas Instruments (NASDAQ:TXN).

Earnings spotlight: Wednesday, January 26 AT&T (NYSE:T), Boeing (NYSE:BA), Abbott Labs (NYSE:ABT), Intel (INTC), Tesla (TSLA) and Lam Research (NASDAQ:LRCX).

Earnings spotlight: Thursday, January 27 Tesla (TSLA), Intel (INTC), Comcast (NASDAQ:CMCSA), Dow (NYSE:DOW), McDonald's (MCD), Mastercard (NYSE:MA), Altria (NYSE:MO), Southwest Airlines (NYSE:LUV), Apple (AAPL), Robinhood Markets (HOOD), Mondelez International (NASDAQ:MDLZ), Visa (NYSE:V) and Western Digital (NASDAQ:WDC).

Earnings spotlight: Friday, January 28 Chevron (NYSE:CVX), Phillips 66 (NYSE:PSX), Charter Communications (NASDAQ:CHTR), Caterpillar (NYSE:CAT) and Colgate-Palmolive (NYSE:CL).

Whirlpool (WHR) reported earnings on Wed 27 Jan 2021 (a/h)

** charts after earnings ** 

 

CEO Marc Bitzer (Jan 27 on CNBC)

Whirlpool beats by $0.23, beats on revs; guides FY21 EPS midpoint above consensus, revs above consensus

Reports Q4 (Dec) earnings of $6.64 per share, excluding non-recurring items, $0.23 better than the S&P Capital IQ Consensus of $6.41; revenues rose 7.7% year/year to $5.8 bln vs the $5.64 bln S&P Capital IQ Consensus.

Co issues guidance for FY21, sees EPS of $19.00-20.00, excluding non-recurring items, vs. $19.19 S&P Capital IQ Consensus; sees FY21 revs growth of ~6% (the impact of currency on net sales for future periods is not included), which translates to ~$20.62 bln vs. $20.15 bln S&P Capital IQ Consensus.

• Cash provided by operating activities of ~$1.55 bln
• Free cash flow of $1 billion or more

"As we enter into 2021, we continue to see signs of economic recovery - such as positive demand and encouraging structural housing trends - and remain well-positioned to drive sustained shareholder value over the long term."

Earnings this week : Jan 25 - 29, 2021 (wk 4)

Monday (Jan 25)

• Morning:  BOH CADE CBU KMB PHG
• Afternoon: AGNC BXS BOOT BRO CR ELS GGG FUL HTLF HXL JJSF STLD XLNX

Tuesday (Jan 26)

• Morning: MMM ALK AXP ADM ALV CIT DHI FCX GATX GE IVZ JNJ LMT NEE NEP NVS PCAR PPBI PII PLD RTX ROK SFNC SNV UBS VZ XRX
• Afternoon:  AMD BXP CHRW CNI COF EHC FFIV FCF FMBI HA HOPE MRTN MXIM MSFT NAVI RNR RNST SLGN SBUX LRN TXN TRMK UMBF VAR WRB WSBC

Wednesday (Jan 27)

• Morning:  ABT APH ANTM T ADP BX BA EAT CLS CVLT GLW EXTR GD HES KNX MKTX MNRO NDAQ NYCB NSC OSK PGR PB ROL RES SBSI TEL TDY TXT UMC VFC
• Afternoon:  AMP AAPL AZPN AVT AXS CACI CALX CP CATY CNS CNMD CLB CREE CCI CVBF DRE EW FB HOLX ISBC LRCX LSTR LVS LEVI MTH MEOH MKSI NXGN PKG PTC RJF SLM SEIC NOW SLG SSB SYK TER TSLA TTEK URI WHR

Thursday (Jan 28)

• Morning: FLWS AOS ABMD ATI ADS MO AAL AIT BC CRS CNX COLB CMCSA CFR DHR DOV DOW EXP EWBC FCFS FLEX JBLU KEX MTSI MMYT HZO MMC MA MKC MCD MSCI MUR NTCT NOC NUE NVR ORI OSIS PNR BPOP PHM RCI SHW LUV SWK STM TROW TSCO UBSI VLO VLY WRK XEL
• Afternoon:  EGHT ABCB AJG TEAM AX CE DLB EMN ETH FHI FICO FFBC HTH JNPR MITK MDLZ NATI OLN PFG RMD RHI SIGI SWKS X V WDC

Friday (Jan 29)  

• Morning:  BMI BAH CAT CHTR CVX CHD CL LLY ERIC FBP GNTX HON JCI LYB MOG.A PSX PSXP PFS ROLL ROP SAP SYF WY WETF

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%

Whirlpool (WHR) reported earnings on Mon 28 Jan 2019 (a/h)

** charts after earnings **

  

Whirlpool beats by $0.51, misses on revs; guides FY19 EPS below consensus

• Reports Q4 (Dec) earnings of $4.75 per share, excluding non-recurring items, $0.51 better than the S&P Capital IQ Consensus of $4.24; revenues fell 0.7% year/year to $5.66 bln vs the $5.76 bln S&P Capital IQ Consensus. Excluding the impact of currency, sales increased 2.5 percent. 
• The North America region delivered fourth-quarter revenue growth of ~5 percent and strong earnings before interest and taxes (EBIT) margin expansion, despite soft industry demand and continued cost inflation.
• The EMEA region delivered sequential quarterly improvement in unit volumes and EBIT margin, in-line with expectations.
• Co issues downside guidance for FY19, sees EPS of $14.00-15.00, excluding non-recurring items, vs. $15.99 S&P Capital IQ Consensus, as favorable product price/mix, restructuring benefits and reduced share count are offset by a higher tax rate and cost and currency increases; expects to generate cash provided by operating activities of $1.4 billion to $1.5 billion and free cash flow of $800 million to $900 million.
• The Company plans to hold an Investor Day in New York City on May 23, 2019.

Earnings this week : Jan 28 - Feb. 1, 19 (wk 5)

So far, 22% of the S&P 500 has reported quarterly results.

• A myriad of large/mega cap bellwethers will report quarterly results next week, including Caterpillar on Monday morning and four of the largest technology companies in the world: Apple on Tuesday afternoon, Microsoft and Facebook on Wednesday and Amazon on Thursday.

Earnings confirmed to report this week:

Monday (Jan 28) 

• Morning: BOH CAT
• Afternoon:  AKS BRO CE CR ELS ETH GGG HTLF IBTX JJSF RGA RMBS SANM SSB WHR WSBC WWD

Mon pm/Tue am
https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AKS,BRO,CE,CR,ELS,ETH,GGG,HTLF,IBTX,JJSF,RGA,RMBS,SANM,SSB,WHR,WSBC,WWD,AGN,ALV,AOS,AXE,BIIB,CIT,CVLT,DHR,DOV,EAT,EXP,EXTR,FBP,GLW,GPK,HCA,HOG,HRS,KNX,LLL,LMT,MMM,MTOR,NUE,PCAR,PFE,PHG,PHM,PII,PNR,POL,PPBI,ROK,SAP,UMC,VZ,XRX

Tuesday (Jan 29)

• Morning:  AGN ALV AOS AXE BIIB CIT CVLT DHR DOV EAT EXP EXTR FBP GLW GPK HCA HOG HRS KNX LLL LMT MMM MTOR NUE PCAR PFE PHG PHM PII PNR POL PPBI ROK SAP UMC VZ XRX
• Afternoon: AAPL ALGN AMD AMGN AX BXP CHRW CNI COHR EBAY ILMN JNPR KLAC MSTR MXIM NATI PFG PKG RHI RNR SIMO SLGN SYK TSS UMBF WRB

Tue pm/Wed am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AAPL,ALGN,AMD,AMGN,AX,BXP,CHRW,CNI,COHR,EBAY,ILMN,JNPR,KLAC,MXIM,NATI,PFG,PKG,RHI,RNR,SIMO,SLGN,SYK,TSS,UMBF,WRB,,ADP,ALLY,ANTM,AVY,AXTA,BA,BABA,BEN,CHKP,EVR,GD,HES,IR,IVZ,MCD,NDAQ,OSK,PB,RCL,SC,SIRI,SLAB,SMG,T,TCF,TMO,TUP
Wednesday (Jan 30)

• Morning: ADP ALLY ANTM AVY AXTA BA BABA BEN CHKP EVR GD HES IBN  IR IVZ MCD NDAQ OSK PB RCL SC SIRI SLAB SMG T TCF TMO TUP
• Afternoon:  AFG AGNC ALGT AMP ARCB AXS BDN CACC CACI CLB CMPR CREE CRUS DLB DRE EFII EGOV ESS EZPW FB FICO FLEX GHL HOLX ISBC LLNW LSTR MAA MDLZ MEOH MLNX MSFT MTH MUR MUSA NOW PYPL QCOM RXN SEIC SXI THG TSLA TTEK V WYNN  X

Wed pm/Thur am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AFG,AGNC,ALGT,AMP,ARCB,AXS,BDN,CACC,CACI,CLB,CMPR,CREE,CRUS,DLB,DRE,EFII,EGOV,ESS,EZPW,FB,FICO,FLEX,GHL,HOLX,ISBC,LLNW,LSTR,MAA,MDLZ,MEOH,MLNX,MSFT,MTH,MUR,MUSA,NOW,PYPL,QCOM,RXN,SEIC,SXI,THG,TSLA,TTEK,V,WYNN,X,ABC,ABMD,APO,APRN,APTV,BAX,BC,BHGE,BLL,BMS,BX,CELG,CFR,CHTR,CMCO,CMS,CNX,CNXM,COP,CRR,CRS,DWDP,EPD,ETN,FCFS,FLWS,GE,HSY,IIVI,IP,KEM,KEX,KIM,LANC,MA,MAN,MDC,MIXT,MMC,MMP,MNRO,MO,MSCI,NOC,NOK,NS,NVT,OMN,PH,RACE,RDS-A,RFP,RTN,S,SHW,SILC,SNDR,TSCO,UPS,VLO,VLY,WCC,WRK,WRLD,XEL,XYL,YRCW

Thursday (Jan 31)

• Morning:  ABC ABMD APO APRN APTV BAX BC BHGE BLL BMS BX CELG CFR CHTR CMCO CMS CNX CNXM COP CRR CRS DWDP EPD ETN FCFS FLWS GE HSY IIVI IP KEM KEX KIM LANC MA MAN MDC MIXT MMC MMP MNRO MO MSCI NOC NOK NS NVT OMN PH RACE RDS.A RFP RTN S SHW SILC SNDR TSCO UPS VLO VLY WCC WRK WRLD XEL XYL YRCW
• Afternoon:  AFL AJG AMZN CLS CPT CY DECK EMN ENVA EPAY ESL EW EXPO FBHS HAYN KLIC LPLA MATW MCK MOD MTX NFG OTEX PFPT PKI POST SIGI SKYW SYMC WAIR YUMC

 Thur pm/Fri am : https://finviz.com/screener.ashx?v=211&ta=0&o=-volume&t=AFL,AJG,AMZN,CLS,CPT,CY,DECK,EMN,ENVA,EPAY,ESL,EW,EXPO,FBHS,HAYN,KLIC,LPLA,MATW,MCK,MOD,MTX,NFG,OTEX,PFPT,PKI,POST,SIGI,SKYW,SYMC,WAIR,YUMC,AON,BAH,BERY,CI,CVX,CYOU,D,HMC,HON,IDXX,IMO,ITW,JCI,KKR,LYB,MINI,MRK,MSG,OSB,PFS,ROP,SBSI,SF,SNE,SOGO,SOHU,SPG,SPR,VRTS,WETF,WFT,WY,XOM,ZBH

Friday (Feb 1)

• Morning: AON BAH BERY CI CVX CYOU D HMC HON IDXX IMO ITW JCI KKR LYB MINI MRK MSG OSB PFS ROP SBSI SF SNE SOGO SOHU SPG SPR VRTS WETF WFT WY XOM ZBH

According to FactSet, fourth quarter reported earnings per share are up 12% with sales up 6.6%. Fourth quarter earnings are now expected to grow 11% with sales up 6.0%. Roughly 67% have exceeded earnings estimates while 55% have beaten revenue expectations. 59% of companies reporting earnings have traded higher in response.

First quarter EPS are now expected to grow just 0.5% with sales up 6%. For 2019, earnings are expected to grow 6.1% with sales up 5.3%.

=Whirlpool (WHR) reported earnings on Mon 23 July 2018 (a/h)

Whirlpool misses by $0.46, misses on revs; guides FY18 EPS below consensus 

• Reports Q2 (Jun) earnings of $3.20 per share, excluding non-recurring items, $0.46 worse than the Capital IQ Consensus of $3.66; revenues fell 3.9% year/year to $5.14 bln vs the $5.29 bln Capital IQ Consensus.
  • Regional Brerakdown:
    • N. America- Whirlpool North America reported second-quarter net sales of $2.8 billion, compared to $2.8 billion in the same prior-year period. Excluding the impact of currency, sales decreased 2.2 percent.
    • EMEA- Whirlpool Europe, Middle East and Africa reported second-quarter net sales of $1.1 billion, compared to $1.2 billion in the same prior-year period. Excluding the impact of currency, sales decreased 12.3 percent.
    • Latin America- Whirlpool Latin America reported second-quarter net sales of $852 million, compared to $986 million in the same prior-year period. Excluding the impact of currency, sales decreased 11.4 percent.
    • Asia- Whirlpool Asia reported second-quarter net sales of $428 million, compared to $373 million in the same prior-year period. Excluding the impact of currency, sales increased 14.5 percent.
• Co issues downside guidance for FY18, sees EPS of $14.20-14.80 vs. $15.62 Capital IQ Consensus Estimate.
• "We are pleased to deliver margin expansion in a very challenging cost environment, driven by strong North America margins and significant global price/mix improvement during the second quarter," said Marc Bitzer, chief executive officer of Whirlpool Corporation. "Despite these positives, our performance in EMEA was below expectations. As a result, we are taking strong actions to improve our operational execution, and remain confident that we will deliver value for our shareholders in the coming quarters."

-=Whirlpool (WHR) reported earnings on Wed 24 Jan 2018 (a/h)

Whirlpool beats by $0.08, misses on revs; guides FY18 EPS below consensus 

• Reports Q4 (Dec) earnings of $4.10 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $4.02; revenues rose 0.8% year/year to $5.7 bln vs the $5.88 bln Capital IQ Consensus.
• On a GAAP and ongoing basis, the favorable impacts of cost productivity, product price/mix and restructuring benefits were more than offset by unfavorable raw material inflation and unit volume declines.
• Co issues downside guidance for FY18, sees EPS of $14.50-15.50, excluding non-recurring items, vs. $15.56 Capital IQ Consensus Estimate.
  • Additionally, the Company expects to generate cash from operating activities of approximately $1.7 billion to $1.8 billion and free cash flow of approximately $1.0 billion to $1.1 billion. Included in this guidance are restructuring cash outlays of up to $300 million, pension contributions of $35 million and, with respect to free cash flow, capital spending of approximately $675 million.
• "We are confident that our cost reduction initiatives and global price/mix will be a catalyst for significant margin improvements in the coming year," said Jim Peters, chief financial officer of Whirlpool Corporation. "As a result, we expect to achieve our cash conversion goal and continue returning strong levels of cash to shareholders." 

=Whirlpool (WHR) reported earnings on Mon 23 Oct 2017 (a/h)

Whirlpool misses by $0.10, misses on revs; guides FY17 EPS below consensus; announces global cost-based price increases; announces a $150 million fixed cost reduction initiative 

• Reports Q3 (Sep) ongoing earnings of $3.83 per share, excluding non-recurring items, $0.10 worse than the Capital IQ Consensus of $3.93; revenues rose 3.2% year/year to $5.42 bln vs the $5.50 bln Capital IQ Consensus.
• Co issues downside guidance for FY17, sees ongoing EPS of $13.60-13.90, excluding non-recurring items, vs. $14.62 Capital IQ Consensus Estimate and down from prior guidance of $14.50-15.00, driven by unfavorable raw material inflation and product price/mix.
• Co announces global cost-based price increases on a majority of its business to offset the impact of sustained raw material inflation.
• Co also announces a $150 million fixed cost reduction initiative, which is in addition to ongoing cost productivity efforts.
• The North America region reported 5% revenue growth and 11.7% operating margin, despite a 90 basis point raw material cost increase.
• "We are pleased with our revenue growth and free cash flow improvement but are not satisfied with our operating margins, which were impacted by raw material inflation, unfavorable price/mix and slow progress on our European integration...Thus, we are implementing strong actions to deliver our long-term goals, including recently-announced global cost-based price increases and a fixed cost reduction initiative."
• Co repurchased approximately $200 million of common stock during Q3 and plans to continue repurchasing common stock this year.
• "We reaffirm our 2020 goals and are confident that our existing and newly-announced actions will put us firmly back on track to deliver our commitments...As we continue to execute our plans for value creation, we will continue returning strong levels of cash to our shareholders."

=Whirlpool (WHR) reported earnings on Mon 24 Apr 2017 (a/h)

BENTON HARBOR, Mich. (AP) _ Whirlpool Corp. (WHR) on Monday reported first-quarter profit of $153 million.

The Benton Harbor, Michigan-based company said it had net income of $2.01 per share. Earnings, adjusted for restructuring costs, were $2.50 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.

The maker of Maytag, KitchenAid and other appliances posted revenue of $4.79 billion in the period.

Whirlpool expects full-year earnings in the range of $14.75 to $15.50 per share.

Whirlpool shares have fallen almost 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. In the final minutes of trading on Monday, shares hit $174.80, a decline of nearly 7 percent in the last 12 months.

=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.

=Whirlpool (WHR) reported earnings on Tue 25 Oct 2016 (b/o)

Whirlpool misses by $0.19, misses on revs; lowers FY16 guidance  :

• Reports Q3 (Sep) earnings of $3.66 per share, $0.19 worse than the Capital IQ Consensus of $3.85; revenues fell 0.5% year/year to $5.25 bln vs the $5.32 bln Capital IQ Consensus.
• Co lowers guidance for FY16, sees EPS of $14.00-14.25 (Prior $14.25-14.75) vs. $14.61 Capital IQ Consensus Estimate; expects to generate cash from operating activities of $1.35-1.4 bln (Prior $1.4-1.55 bln) and free cash flow of approximately $700 million (Prior $700-800 mln)
• "We are pleased with strong revenue growth, market share gains and ongoing margin expansion in North America and Latin America that overcame industry softness and currency volatility. In Europe, the U.K. environment remains challenging, but we continue to execute brand and product transitions while adjusting our production levels to right-size our inventory. In Asia, we remain focused on deploying our products across our new, larger distribution network."
• Updated shipment guidance:
  • North America: Now expects full-year 2016 industry unit shipments in the U.S. to increase by 3 to 4 percent (Prior +5-6%)
  • Europe, Middle East and Africa: Continues to expect full-year 2016 industry unit shipments to be flat to up 2 percent.
  • Latin America: Now expects full-year 2016 industry unit shipments in Brazil to decrease by 10 to 12 percent. (Prior -10%)
  • Asia: Continues to expect full-year 2016 industry unit shipments to be flat to down 2 percent.

Whirlpool (WHR) reported earnings on Fri 22 Jul 16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

** 7 days later  **

Whirlpool beats by $0.10, beats on revs; guides FY16 EPS in-line :

• Reports Q2 (Jun) ongoing earnings of $3.50 per share, $0.10 better than the Capital IQ Consensus of $3.40; revenues fell 0.2% year/year to $5.2 bln vs the $5.11 bln Capital IQ Consensus.
• Co issues in-line guidance for FY16, raises bottom end of EPS to $14.25-14.75 from $14.00-14.75 vs. $14.68 Capital IQ Consensus Estimate.
• For the full year 2016, the company expects to generate cash from operating activities of $1,400 to $1,550 million and free cash flow of $700 to $800 million. Included in this guidance are acquisition related restructuring cash outlays of up to $200 million, legacy product warranty and liability costs of $155 million and, with respect to free cash flow, capital spending of $700 to $750 million.

Whirlpool (WHR) reported Q1 earnings on Tue 26 Apr 2016 (b/o)

** chart before earnings **

** charts after earnings **

 

Whirlpool misses by $0.06, misses on revs; reaffirms FY16 EPS guidance :

• Reports Q1 (Mar) earnings of $2.63 per share, excluding non-recurring items,$0.06 worse than the Capital IQ Consensus of $2.69; revenues fell 4.7% year/year to $4.62 bln vs the $4.69 bln Capital IQ Consensus; +1% ex-FX.
• Co reaffirms guidance for FY16, sees EPS of $14.00-14.75, excluding non-recurring items, vs. $14.68 Capital IQ Consensus Estimate. "Our record first-quarter results were in line with our expectations and we completed our existing share repurchase program," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. "We remain confident in our ability to deliver our 2016 guidance as we capitalize on robust demand in the U.S., new product introductions and strong productivity around the globe."