- Whirlpool (WHR, Financial) expands quarterly margins despite a 19.4% decline in total net sales.
- Organic net sales grow 2.2%, driven by strong SDA Global and MDA Asia segments.
- The full-year guidance remains unchanged with expected GAAP EPS of $8.75 and ongoing EPS of $10.00.
Whirlpool Corporation (WHR) reported its first-quarter 2025 financial results, achieving margin expansion despite challenging market conditions. The company's GAAP net earnings margin increased to 2.0%, which is a rise of 780 basis points year-over-year.
Despite a significant 19.4% decline in total net sales due to the divestiture of its European operations, organic net sales grew by 2.2% to $3,765 million. This growth was largely fueled by a strong performance in the SDA Global and MDA Asia segments, which recorded sales growth of 9.9% and 16.5%, respectively, excluding currency effects.
For Q1 2025, Whirlpool posted GAAP earnings of $1.28 per share, demonstrating a turn-around from a loss of $(4.72) per share in the same quarter last year. However, ongoing earnings per share declined by 4.5% from $1.78 to $1.70 year-over-year.
Whirlpool has maintained its 2025 full-year guidance with an anticipated GAAP earnings per share of approximately $8.75 and ongoing earnings per share of approximately $10.00. The company projects operational cash flow of about $1 billion and free cash flow ranging between $500 to $600 million.
Additionally, Whirlpool declared a dividend of $1.75 per share for both the first and second quarters of 2025, reinforcing its ongoing commitment to returning value to shareholders.
