Free Research Report as Whirlpool Reported Better Than Expected Earnings

LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors.com has just released a free earnings report on Whirlpool Corp. (NYSE: WHR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WHR. Whirlpool reported its fourth quarter and fiscal 2017 operating and financial results on January 24, 2018. The home appliance maker saw sales growth on a y-o-y basis, and the Company also provided guidance for the full year fiscal 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Whirlpool most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=WHR

Earnings Highlights and Summary

Whirlpool’s Q4 2017 net sales were $5.70 billion, reflecting growth of 1% compared to sales of $5.66 billion in Q4 2016. Excluding the impact of currency, the Company’s sales fell 1.6% on a y-o-y basis. The Company’s revenue number lagged behind analysts’ estimates of $5.83 billion.

Whirlpool reported GAAP operating profit of $267 million, or 4.7% of sales, in Q4 2017 compared to $341 million, or 6.0% of sales, in Q4 2016. The Company’s ongoing operating profit was $392 million, or 6.9% of sales, in the reported quarter compared to $431 million, or 7.6% of sales, in the year ago corresponding period.

Whirlpool’s GAAP net loss was $268 million, or $3.69 per diluted share, including a one-time non-cash charge of approximately $420 million related to tax reform for Q4 2017 compared to GAAP net earnings of $180 million, or $2.36 per diluted share, for Q4 2016. The Company’s ongoing earnings per diluted share were $4.10 in the reported quarter, compared to $4.33 in the prior year same period. Whirlpool’s earnings beat Wall Street’s estimates of $3.99 per share.

For the full year 2017, Whirlpool’s net sales were $21.3 billion compared to $20.7 billion in 2016. Excluding the impact of currency, the Company’s sales increased 1.5% on a y-o-y basis.

Whirlpool’s GAAP net earnings per diluted share were $4.70 in Q4 2017 compared to $11.50 in Q4 2016. The Company’s GAAP net earnings per diluted share in 2017 were adversely impacted by a one-time non-cash charge of approximately $420 million related to tax reform. Whirlpool’s ongoing earnings per diluted share were $13.74 compared to $14.06 in the prior year.

Regional Review

For Q4 2017, Whirlpool North America reported net sales were $3.1 billion, almost unchanged on a y-o-y basis. Excluding the currency impact, the segment’s sales fell 0.8%. The region posted operating profit of $368 million, or 11.8% of sales, in the reported quarter compared to $349 million, or 11.2% of sales, in the prior year same period.

Whirlpool Europe, Middle-East, and Africa (EMEA)’s net sales grew 1.5% to $1.4 billion in Q4 2017. Excluding the impact of currency, the segment’s sales decreased 5.6% on a y-o-y basis. The region reported GAAP operating profit of $4 million, or 0.3% of sales, for Q4 2017 compared to GAAP operating profit of $17 million, or 1.3% of sales, in Q4 2016. Ongoing segment operating profit was $4 million, or 0.3% of sales, versus $45 million, or 3.3% of sales, in the year ago comparable period.

Whirlpool Latin America reported net sales of $905 million in Q4 2017 compared to $860 million in Q4 2016, reflecting growth of 5.2%. Excluding the impact of currency, the segment’s sales increased 4.4%. The region posted operating profit of $64 million, or 7.1%, in the reported quarter compared to $71 million, or 8.3% of sales, in the year earlier same quarter.

For Q4 2017, Whirlpool Asia reported net sales of $333 million compared to $352 million in Q4 2016. Excluding the impact of currency, the segment’s sales fell 8.3%. The region reported GAAP operating loss of $1 million, or 0.4% of sales, in Q4 2017 versus GAAP operating profit of $18 million, or 4.9% of sales, in the year earlier comparable quarter.

Cash Matters

For the twelve months ended December 31, 2017, Whirlpool reported cash provided by operating activities of $1.3 billion compared to $1.2 billion in the year ago same period. The Company reported free cash flow of $707 million for 2017 compared to $630 million in the prior year.

Outlook

For the full-year 2018, Whirlpool is forecasting 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. For FY18, Whirlpool is projecting GAAP earnings per diluted share of $12.45 to $13.45 and ongoing earnings per diluted share of $14.50 to $15.50.

Stock Performance Snapshot

January 29, 2018 – At Monday’s closing bell, Whirlpool’s stock fell 1.87%, ending the trading session at $182.50.

Volume traded for the day: 928.15 thousand shares, which was above the 3-month average volume of 904.11 thousand shares.

Stock performance in the last month – up 7.30%; previous three-month period – up 13.00%; past twelve-month period – up 6.82%; and year-to-date – up 8.22%

After yesterday’s close, Whirlpool’s market cap was at $13.30 billion.

Price to Earnings (P/E) ratio was at 40.46.

The stock has a dividend yield of 2.41%.

The stock is part of the Consumer Goods sector, categorized under the Appliances industry.

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