Whirlpool Q4 EPS Plunges 75.9% to $1.10 While Shares Slide 10.2%
Whirlpool's Q4 adjusted EPS plunged 75.9% year-over-year to $1.10, while net sales fell 0.9% to $4.098 billion, missing consensus estimates and driving the stock down 10.2% since the report. The company forecasts 2026 net sales of $15.3-15.6 billion and a 5.5-5.8% EBIT margin, targeting $150 million in cost savings.
1. Q4 Earnings Miss
Whirlpool reported adjusted EPS of $1.10 in Q4 2025, down 75.9% year-over-year from $4.57 and below the $1.54 consensus estimate. Net sales of $4.098 billion fell 0.9% annually, while gross profit dropped to $575 million and gross margin contracted 220 basis points to 14%.
2. Segment Performance
In North America, net sales declined 0.9% to $2.57 billion with EBIT plunging 59% to $71 million and margin falling 390 basis points to 2.8%. Latin America saw a 0.8% sales increase to $927 million but a 15.3% EBIT drop to $59 million. Global small domestic appliances grew sales 10.3% to $423 million and EBIT rose 22.4% to $59 million, while Asian net sales plunged 27.7% to $172 million.
3. Financial Position and Cash Flow
At year-end 2025, Whirlpool held $669 million in cash against $5.6 billion of long-term debt and $2.7 billion in equity. The company generated $467 million in operating cash flow and $78 million of free cash flow after $389 million in capital expenditures, and declared a $0.90 per share dividend.
4. 2026 Outlook and Guidance
For 2026, management forecasts net sales of $15.3–15.6 billion and an EBIT margin of 5.5–5.8%, driven by price/mix, new products, and $150 million in cost savings. GAAP EPS is projected at $6.25 with ongoing EPS of $7, operating cash of $850 million, free cash flow of $400–500 million, and a $400 million debt reduction.