Whirlpool Corp. - WHR STOCK NEWS

Whirlpool Corporation has played a key role in Habitat for Humanity's Cost of Home campaign, advocating for affordable housing solutions across the U.S. This effort successfully secured over 200 policy wins since its launch in 2019, including significant funding for homeowners at risk of foreclosure due to COVID-19. An example is Mattie, a homeowner who benefited from the $9.96 billion Homeowner Assistance Fund. The campaign aims to assist 10 million individuals with basic housing needs. Recent achievements include funding allocations for housing programs in various states, and advocacy against predatory lending practices. Whirlpool continues to partner with local organizations to enhance affordable housing access.

Whirlpool Corporation (NYSE: WHR) reported its Q1 2023 financial results, revealing a GAAP net loss margin of (3.9)% and a loss per diluted share of $(3.27). This loss was primarily impacted by a non-cash charge related to the EMEA transaction and seasonal working capital changes. However, non-GAAP EBIT margin improved to 5.4%, showing a sequential increase of about 200 basis points, with earnings per diluted share at $2.66. The North America region demonstrated robust performance with EBIT margins rising to 10%, alongside market share gains. For the full year, Whirlpool revised its GAAP earnings per diluted share guidance to $13.00 - $15.00 while maintaining ongoing earnings guidance of $16.00 - $18.00. The company emphasized ongoing portfolio transformation and operational priorities to drive value long-term.

Whirlpool Corporation (NYSE: WHR) declared a quarterly dividend of $1.75 per share on April 18, 2023. This dividend is payable to stockholders of record on May 19, 2023, with a payment date set for June 15, 2023. In 2022, Whirlpool reported approximately $20 billion in sales and employed 61,000 individuals. The company prioritizes innovation to cater to consumer needs through its well-known brands such as Whirlpool, KitchenAid, and Maytag. This dividend declaration reflects the company's commitment to returning value to shareholders amid its operational successes.

Whirlpool Corporation (NYSE: WHR) will announce its first-quarter financial results on April 24, 2023, at 4:05 p.m. ET. A conference call will follow on April 25, 2023, at 8 a.m. ET to discuss performance with investors. Interested participants can join by dialing 1 (888) 440-4038 for domestic callers or 1 (646) 960-0861 for international participants, with the conference ID 2610251. The call will also be available via a live webcast on the company's investor relations website. In 2022, Whirlpool reported approximately $20 billion in annual sales and operates with a workforce of 61,000 employees across 56 manufacturing and technology research centers.

Whirlpool Corporation, in partnership with Habitat for Humanity, is addressing the urgent need for affordable, sustainable housing amid rising costs and climate challenges. Recent inflation has heightened the financial strain on families, with many facing energy insecurity that affects their living conditions. The BuildBetter with Whirlpool initiative focuses on constructing disaster-resilient, energy-efficient homes equipped with features like solar panels and water-conserving plumbing. Currently, 143 homes are under construction through this initiative, which began in June 2021. Whirlpool's House + Home initiative reinforces its commitment to improving community living standards and fostering sustainable building practices for a brighter future.