New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • May 07
First quarter 2026 earnings released: US$1.38 loss per share (vs US$1.28 profit in 1Q 2025) First quarter 2026 results: US$1.38 loss per share (down from US$1.28 profit in 1Q 2025). Revenue: US$3.27b (down 9.6% from 1Q 2025). Net loss: US$82.0m (down 215% from profit in 1Q 2025). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Apr 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Mary Adcock was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 25
Court Preliminarily Approves Class Action Settlement Involving Alleged Broken Wire Defect in Certain Side-By-Side Whirlpool-Manufactured Refrigerators Chimicles Schwartz Kriner & Donaldson-Smith LLP announced that on March 3, 2026, the United States District Court for the District of Delaware granted preliminary approval to a nationwide class action settlement in a lawsuit titled Costa v. Whirlpool Corp., Case No. 1:24-cv-00188-MN (D. Del.). The lawsuit involves an alleged wire harness defect in certain side-by-side refrigerators manufactured by Whirlpool Corporation between 2018 and 2021 under the Whirlpool, Maytag, KitchenAid, and Jenn-Air brand names. The plaintiffs in the lawsuit allege that the Class Refrigerators contain defective wire harnesses running to the in-door ice maker, ice dispenser, water dispenser, and control panel that can break under normal use rendering one or more of the in-door features inoperable. Under the proposed Settlement, Class members who own a Class Refrigerator and experience a broken wire harness within two to seven years of purchase can claim (1) cash reimbursement for previously incurred out-of-pocket costs to repair or replace a Class Refrigerator, (2) repair or payment options for Class Refrigerators that previously experienced a failure and have not yet been repaired or replaced, and (3) repair or payment options for Class Refrigerators that experience a future wire harness failure within seven years of the purchase or manufacture date. The deadline to submit claims for past failures is November 2, 2026. The Settlement Website, www.RefrigeratorSettlement.com provides additional information about the lawsuit and settlement, including: How to file a claim; The ability to file a claim online and submit supporting documentation; A full copy of the Settlement Agreement; and A copy of the detailed Long Form Notice and FAQs explaining the Settlement, the benefits available to class members, and class members' rights and ability to exclude themselves or object to the Settlement. The Court has scheduled a fairness hearing on July 9, 2026 at 10:00 A.M. ET, at the U.S. District Court for the District of Delaware, located at the J. Caleb Boggs Federal Building, 844 N. King Street, Wilmington, DE 19801-3555, to determine whether to grant final approval to the settlement. Any change to the date, time, or location of the fairness hearing will be posted on the Settlement Website. Ankündigung • Mar 16
Whirlpool Corporation Announces Resignation of James Peters as Executive Vice President , Effective March 30, 2026 Whirlpool Corporation announced that On March 11, 2026, James Peters, Executive Vice President, announced his decision to resign from his position ("the Company"), effective March 30, 2026. As previously reported, Mr. Peters stepped down from his position as Chief Financial Officer and President, Whirlpool Asia effective December 31, 2025, as part of the Company's ongoing talent planning process. Ankündigung • Mar 12
Whirlpool Corporation, Annual General Meeting, Apr 21, 2026 Whirlpool Corporation, Annual General Meeting, Apr 21, 2026. Location: 331 north lasale, il 60654, chicago United States New Risk • Mar 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 286% Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Ankündigung • Feb 27
Appaloosa Sends Letter to the Board of Whirlpool Corporation On February 25, 2026, Appaloosa LP sent a letter to Whirlpool Corporation's Board of Directors in response to the Company's recent issuance of equity at a very high cost of capital, which resulted in a large, unnecessary dilution of shareholders. Appaloosa stated that it encourages the Board to (i) remember their fiduciary responsibilities and not accept management acting purely in its own self-interest, and (ii) invite domestic entities or foreign corporations who want to create American jobs and increase shareholder value to take an interest in the Company. Ankündigung • Feb 25
Whirlpool Corporation has completed a Follow-on Equity Offering in the amount of $474.999933 million. Whirlpool Corporation has completed a Follow-on Equity Offering in the amount of $474.999933 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,884,057
Price\Range: $69 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$73.42, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$133 per share. Ankündigung • Feb 24
Whirlpool Corporation has filed a Follow-on Equity Offering. Whirlpool Corporation has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Depository Shares
Security Type: Depositary Receipt (Common Stock) Declared Dividend • Feb 19
Fourth quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 27th February 2026 Payment date: 26th March 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it covered by cash flows (251% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.7% to bring the payout ratio under control. EPS is expected to grow by 45% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Ankündigung • Feb 17
Whirlpool Corporation Declares a Quarterly Dividend, Payable on March 26, 2026 The board of directors of Whirlpool Corporation declared a quarterly dividend of $0.90 per share on the Company's common stock. The dividend is payable on March 26, 2026, to stockholders of record at the close of business on February 27, 2026. New Risk • Feb 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 251% Minor Risk Large one-off items impacting financial results. Ankündigung • Feb 12
Kitchenaid Unveils Spearmint as Its 2026 Color of the Year KitchenAid®? unveils Spearmint as its 2026 Color of the Year. Spearmint is the eighth edition of the iconic KitchenAid®? Color of the Year Program. As the color authority in the kitchen, the brand's Color of the Year program taps global trends to capture current cultural moments and inspire consumers around the world. This year's color is a minty-green hue that invites consumers to step into the fresh side and also introduces a new textural finish to the KitchenAid Color of the Year portfolio, Sand. For the first time ever, KitchenAid has expanded its Color of the Year program into the Major Appliance category by introducing a limited-edition 36-inch Dual Fuel Commercial-Style Range in the new Spearmint hue, available only through a limited-time sweepstakes. Ankündigung • Feb 11
KitchenAid Redefines the Kitchen with Industry Leading Innovation at KBIS 2026 KitchenAid will be unveiling wall ovens with a new Intelligent Cooking Camera that ensures every meal made at home is cooked to personal taste; counter-depth french door refrigerators with new AI-enabled Intelligent Auto Fill that fills glasses and water bottles of any size hands-free; and 360deg Max Jets Third Rack Dishwashers that combine the brand's best capacity and clean with its driest dry, the new Advanced ProDry System. Guests are invited to explore the KitchenAid space inside the Whirlpool Corporation booth (W701) to get hands-on with the latest innovations, including: KitchenAid®? Smart Double Wall Oven with Intelligent Cooking Camera: Experience cooking through a new lens with this 2026 Best of KBIS Award Finalist. The new Intelligent Cooking Camera recognizes supported food types like whole chicken, cookies, bread, bacon, pizza and more to start cooking without preheating. Doneness Detection monitors progress and auto-adjusts cook time as needed, so food comes out just the way like. Plus Live Look-In lets check on food at any time, right from phone or the oven's display screen--and even get a shareable, time-lapse video of the entire cooking process once complete. KitchenAid®? Counter-Depth French Door Refrigerator with Intelligent Auto Fill: Easily and correctly fill cups hands-free. This refrigerator's exterior water dispenser has been completely reengineered to let set down a variety of containers, from 8 oz coffee cups to 40 oz water bottles, pots, pans, vases and more. Plus it uses AI-enabled Intelligent Auto Fill to automatically sense and fill glass with no splash or overflow--and even detects when hand pulls it away, if it is off-center or has something inside it. KitchenAid®? 360deg Max Jets™? Third Rack Dishwasher with Advanced ProDry™? System: Enjoy KitchenAid brand's best capacity and Clean with new and improved drying technology. The 7.25 Cu. Ft. MaxTub Largest Dishwasher3 makes room for the 360deg Max Jets™? third Rack, which fits 10 extra glasses and mugs, freeing up space for larger items below. 50+ Total Wash Jets offer targeted cleaning on every level. And the new Advanced ProDry™? system combines heating elements, fans and natural ventilation at the end of the cycle, so dishes come out table-ready. Along with immersive product experiences, guests visiting the space will also enjoy live demonstrations of the Intelligent Cooking Camera's Food Recognition, Live Look-In and Doneness Detection features, as the brand bakes up 1,200 fresh chocolate chip cookies each day to show how these new capabilities ensure food cooks to their exact preferences. Ankündigung • Feb 10
Whirlpool Brand Launches Industry First Refrigerator with Integrated Nugget Ice Maker This February at the Kitchen and Bath Industry Show (KBIS), Whirlpool brand is proving that high-tech doesn't have to mean high-complexity. At the Whirlpool Corporation Booth (#W701), the brand will debut tech-first products designed to be as practical and intuitive as they are innovative. Industry-Firsts That Redefine the Routine: The Whirlpool space will showcase technologies designed to help solve family challenges. The champion of Whirlpool products this year is the industry-first refrigerator, featuring a built-in Nugget Ice Maker, providing soft, chewable ice integrated into theator at home. In the laundry room, Whirlpool introduces the industry-first UV Clean technology, designed to be tough on bacteria in the wash while remaining gentle on fabrics. This innovative system uses ultraviolet light that shines into the water, working to reduce bacteria during the wash cycle. UV Clean can be added to a regular wash, even in cool water temperatures. This allows to reduce bacteria without needing high temperatures, harsh chemicals, or risking fabric fading. Whirlpool Innovation Highlights at KBIS 2026: Whirlpool®? 36-inch Wide True Counter Depth 3-Door and 4-Door French Door Refrigerator withIndustry-First Nugget Ice: As the industry's first refrigerator to feature an integrated in- door nugget ice maker, this 36-inch wide unit offers dual ice makers, providing easy access to both soft, chewable nugget ice and traditional cubed ice. Whirlpool®? Front Load Laundry Tower with UV Clean: This space-saving tower introduces industry-first UV clean technology, reducing odor-causing bacteria without the high temperatures that fade favorite fabrics. Combined with the FreshFlow™? Vent System, it's a total reimagining of laundry freshness and fabric care. Whirlpool®? 24" Stainless Steel Dishwasher with the Easiest Rack to Load and Unload: The dishwasher features the first and only 360deg spinning lower rack design that lets users spin to bring dishes within reach. The dishwasher also features a sensor cycle with AI Intelligent Wash that uses sensors to track water temperature, soil level and load size to adjust the cycle's wash in order to give the best clean. For additional details about Whirlpool Corporation, its portfolio of brands and other offerings for building industry professionals, visit WhirlpoolPro.com. Industry First claims are subject to change pending launch finalization. Visual Representation. Actual products may vary. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$86.37, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$149 per share. Reported Earnings • Jan 29
Full year 2025 earnings released: EPS: US$5.68 (vs US$5.86 loss in FY 2024) Full year 2025 results: EPS: US$5.68 (up from US$5.86 loss in FY 2024). Revenue: US$15.5b (down 6.5% from FY 2024). Net income: US$318.0m (up US$641.0m from FY 2024). Profit margin: 2.0% (up from net loss in FY 2024). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Ankündigung • Jan 27
Whirlpool Corporation Highlights Portfolio-Wide, Industry-First Innovation at KBIS 2026 Whirlpool Corporation will showcase its latest innovations at the Kitchen & Bath Industry Show (KBIS) from February 17-19, 2026 at the Orange County Convention Center in Orlando, Florida. This year, Whirlpool Corporation connects consumers with its trusted portfolio of brands through multi-sensorial immersive experiences that span luxury, performance, and personalization - reinforcing the company's constant pursuit of improving life at home. New innovations that will be unveiled at KBIS include industry-first nugget ice built into the refrigerator and UV Clean laundry sanitation from Whirlpool brand, Live Look in camera and Doneness Detection in KitchenAid wall ovens, and an XL crisper drawer from Maytag, largest capacity refrigeration drawer on the market. At the show, Whirlpool will debut the refrigerator with nugget ice, providing soft, chewable ice from an ice dispenser right at home. This launch underscores a Whirlpool commitment to trusted innovation, ensuring every new feature aligns with the evolving needs and sophisticated desires of today's homeowners. Whirlpool Top Load Washer with New & Industry First Delicates Basket Whirlpool Front Load Laundry Tower with FreshFlow Vent System & UV Clean; Whirlpool 24-inch Stainless Steel Dishwasher with Spin & Load Rack; KitchenAid Redefines the Kitchen through Bold Innovation Experience the power of connection in the KitchenAid space - where design meets breakthrough innovation. Every detail is designed to push past the expected and reimagine what a kitchen can truly be. Get a first look at the 2026 portfolio expansion with these featured products: KitchenAid 30-inch Smart Electric Double Wall Oven with Intelligent Cooking Camera; KitchenAid 360 degree Max Jets Third Rack Dishwasher with Advance ProDry System; KitchenAid Counter-Depth French Door Refrigerator with Intelligent Auto Fill. Visit the booth to indulge in cookies, baked fresh in the KitchenAid Smart Double Oven with Intelligent Cooking Camera and Doneness Detection. The Intelligent Cooking Camera and Doneness detection is the newest innovation to ensure every meal made at home is cooked to exact preference. JennAir Showcases Design Without limits; Within the JennAir space, they will push boundaries and empower designers to experiment with products that reduce luxury. The booth will spark inspiration and unlock new horizons in kitchen design with signature products, including the JennAir NextGen Induction Downdraft Cooktop, developed in tandem with BORA. Products displayed will include:JennAir 24" Panel-Ready Built-In Wine Column Refrigerator, JennAir36" Induction Downdraft Cooktop, JennAir 30" Panel-Ready Built-In Column Refrigerator, JennAir 30" Panel-Ready Built-In Column Freezer, JennAir 24" Panel-Ready Built-In Wine Column, JennAir 24" Panel-Ready Fully Integrated Dishwasher with 3rd Level Rack with Wash, JennAir 48" Induction Professional-Style Range with Chrome-Infused Griddle, JennAir 48" Pro-Style Hood, JennAir 36" Oblivion Smart Induction Cooktop with Temperature-Controlled Cooking, JennAir 24" Panel-Ready Built-In Column Refrigerator, JennAir 30" Single Wall Oven with V2 Vertical Dual-Fan True Convection and Advanced Temperature Precision, JennAir 36" NextGen Induction Downdraft Cooktop, and JennAir 24" Built-In Undercounter Refrigerator. Maytag will display innovations complete with functions that solve common consumer problems including pet hair removal, heavy duty stains and the need for more fridge space. Products will include: Maytag Top Load Pet Pro Laundry System Maytag 3-Door and 4-Door French Door Refrigerators with XL Crisper. Ankündigung • Jan 22
Whirlpool Corporation to Report Q4, 2025 Results on Jan 28, 2026 Whirlpool Corporation announced that they will report Q4, 2025 results at 4:05 PM, US Eastern Standard Time on Jan 28, 2026 Upcoming Dividend • Nov 14
Upcoming dividend of US$0.90 per share Eligible shareholders must have bought the stock before 21 November 2025. Payment date: 15 December 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 5.5%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (4.4%). Ankündigung • Nov 12
Advent Reportedly Poised for Likely Whirlpool India $1 Billion Buy Advent International, L.P. is closing in on a controlling stake in listed home appliances maker Whirlpool of India Limited (BSE:500238), said people in the know, amid a number of deals involving local businesses of global corporations realigning their footprint. The US private equity group, now the sole contender in the fray, is in advanced negotiations with the company's Michigan-based parent Whirlpool Corporation (NYSE:WHR) to pick up a 31% stake in the Indian arm that's up for sale. The US company, which is keen on retaining 20% in the local unit, wants to close the transaction by the end of this calendar year, having already exceeded its internal timeline. Both sides are believed to be in "deal exclusivity" for bilateral negotiations till almost the end of November, said the people cited above. The equity in the India unit is held through Whirlpool Mauritius. If it goes ahead, the share sale will trigger an open offer for an additional 26%, as per takeover regulations. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: US$1.30 (vs US$1.98 in 3Q 2024) Third quarter 2025 results: EPS: US$1.30 (down from US$1.98 in 3Q 2024). Revenue: US$4.03b (up 1.0% from 3Q 2024). Net income: US$73.0m (down 33% from 3Q 2024). Profit margin: 1.8% (down from 2.7% in 3Q 2024). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Ankündigung • Oct 28
Whirlpool Corporation Updates Earnings Guidance for the Year Ending December 31, 2025 Whirlpool Corporation updated earnings guidance for the year ending December 31, 2025. For the year, the company expects net sales of approximately $15.8 billion; approximately flat on a like-for-like basis; GAAP earnings per diluted share of approximately $6.00 and full-year ongoing earnings per diluted share of approximately $7.00; Reported Earnings before interest & taxes of $750 million; Ongoing Earnings before interest & taxes of $800 million. Declared Dividend • Oct 23
Second quarter dividend of US$0.90 announced Shareholders will receive a dividend of US$0.90. Ex-date: 21st November 2025 Payment date: 15th December 2025 Dividend yield will be 7.3%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (83% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Declared Dividend • Aug 21
Second quarter dividend reduced to US$0.90 Dividend of US$0.90 is 49% lower than last year. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 7.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (83% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Ankündigung • Aug 20
Whirlpool Brand and Big Boi Launch Swakes to Win the Freshest Apartment to Ever Play A Hip-HOP Song Whirlpool brand announced a chance to win a limited-edition Whirlpool®? Front Load Washer, featuring the beloved early-2000s hit, "So Fresh, So Clean." The sweepstakes, live now on Instagram, is designed to highlight the brand's latest laundry innovation - The FreshFlow™? Vent System, available on select Whirlpool®? front load washers. Each limited-edition washer is engineered to play the beloved chorus of "So Fresh, So Clean" after every cycle, and features a matte black finish, hundreds of hand-placed crystals around the door and knob, and a certified fresh and clean badge with Big Boi's signature of approval. Fans can enter for a chance to win the limited-edition washer and dryer pair, including free installation, by following @WhirlpoolUSA, liking, and commenting #whirlpoolsofresh on Whirlpool and BigBoi's sweepstakes post. Fans can also tag a friend in the comments for an additional entry. These limited-edition machines are not available for purchase, and can only be won through the consumer sweepstakes. The FreshFlow™? Vent system includes a trio of features that help keep clothes and washer fresh, including: FanFresh®? Option - Uses a built-in fan and periodic tumbling to help keep just-washed clothes fresh until you're ready to transfer them to the dryer, using less energy than re-washing clothes. Antimicrobial protection - Helps keep the washer fresh by helping prevent the growth of odor-causing bacteria and mold on the rubber seal. Dry Drum cycle - Close the washer door and a built-in fan reduces excess moisture in the washer door and drum after a cycle ends. In addition, these washers include even more features to help keep laundry day moving: Quick Wash & Dry - Wash a full-sized 10lb load in just 25 minutes, then pair with a 30 minute timed dry on the matching vented dryer on medium heat. AI Intelligent Wash Technology - Uses sensors to detect load size and fabric type, then automatically adjusts water levels, temperature, and wash actions for ideal fabric care and effective cleaning performance. Smart Features with the Whirlpool App - Track progress and receive notifications when you're away right on device. New Risk • Jul 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 162% Dividend yield: 7.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 162% Reported Earnings • Jul 29
Second quarter 2025 earnings released: EPS: US$1.16 (vs US$3.99 in 2Q 2024) Second quarter 2025 results: EPS: US$1.16 (down from US$3.99 in 2Q 2024). Revenue: US$3.77b (down 5.4% from 2Q 2024). Net income: US$65.0m (down 70% from 2Q 2024). Profit margin: 1.7% (down from 5.5% in 2Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Ankündigung • Jul 25
EQT and Bain Reportedly Compete for a Major Stake in Whirlpool India Amid Market Shifts Buyout groups EQT AB (publ) (OM:EQT) and Bain Capital (Bain Capital, LP) are in a two horse race for 31% controlling interest in Whirlpool of India Limited (BSE:500238), listed local arm of the US appliances giant, three senior industry executives said. Private equity peers TPG and KKR, as well as potential rival contenders Havells and Reliance Industries, have fallen back, they said. EQT and Bain Capital are conducting detailed due diligence ahead of the deadline for a binding offer, said to be in August. Whirlpool didn’t respond to queries sent to its US and India offices. EQT and Bain declined to comment. US parent Whirlpool Corporation (NYSE:WHR) has been looking to sell a 31% stake in the India unit, which generates the bulk of its Asia revenue, while retaining 20%. The equity in India is held through Whirlpool Mauritius. ET was the first to report June 20 on the interest of Reliance and Havells in the stake. The India business monetisation exercise is part of a global reorganisation initiated at the end of 2022, when the company, known in the US for the Whirlpool, KitchenAid and Maytag brands, posted a $1.5 billion loss. The company has said it’s keen to raise net cash proceeds of $550 million - $600 million from the 31% stake sale transaction by this calendar year. A formal stake sale process was launched in April by advisor Goldman Sachs. A transaction will also trigger an open offer for an additional 26% stake in the company. As with several deal negotiations, Whirlpool’s punchy valuations have been a deal spoiler for most potential suitors. Another bone of contention is said to be the royalty payout to the parent in future. At the end of January, the stock plunged an exchange-allowed maximum of 20% to a near 10-month low when the company first announced its intent to pare ownership in India. It has rebounded since then. In April alone, the stock soared 33% after the sale process was launched. Ankündigung • Jul 22
Whirlpool Corporation to Report Q2, 2025 Results on Jul 28, 2025 Whirlpool Corporation announced that they will report Q2, 2025 results at 4:05 PM, US Eastern Standard Time on Jul 28, 2025 Ankündigung • Jun 20
Reliance & Havells Reportedly Enter PE Party to Snap Up Whirlpool Reliance Retail Limited and the homegrown consumer appliances major Havells India Limited (NSEI:HAVELLS) would compete with several bulge-bracket buyout funds, multiple people told ET, to acquire a controlling interest in Whirlpool of India Limited (BSE:500238), the locally listed arm of the Michigan-based company that was once the world’s largest appliance maker by sales. These two companies are competing with financial sponsors EQT AB (publ) (OM:EQT) and Bain Capital, LP, who have also been shortlisted after the initial round of screening. TPG Capital (TPG Capital, L.P.) is also among those initiating the due diligence, said the people mentioned above. Whirlpool Corporation (NYSE:WHR) is looking to sell 31% stake in Whirlpool of India, which generates 85% of its Asia revenue, while retaining a 20% equity stake in the company. The equity in India is held through Whirlpool Mauritius Ltd. The monetisation exercise is part of a global reorganisation initiated at the end of 2022 when the company, synonymous in the US with its namesake brand as well as KitchenAid and Maytag products, posted a $1.5 billion loss. It has already reshaped its global portfolio pruning operations in key Asian markets and in pockets of Europe. Whirlpool Corp. has also heightened efforts to cut costs and its workforce. The company is simultaneously focusing on selling smaller home appliances like blenders and coffee makers — to overhaul its more than century-old business—as consumers pull back on large purchases. The company said it is keen to raise net cash proceeds of $550 million-$600 million (INR 46,840 million-INR 51,100 million) from the transaction. A formal stake-sale process was launched in April by the company’s advisor Goldman Sachs. The change of control transaction will also trigger an open offer for an additional 26% stake from public shareholders of the company. If fully subscribed to, the incoming investor could end up owning 57% of the company. Public shareholders own 49% of the company. ET in its edition dated April 29 had reported PE funds like Bain, Carlyle, KKR among others were evaluating the opportunity. The high valuations have seen some interest taper, added people in the know. Emails sent to Whirlpool Corp, Reliance Retail and Havells remained unanswered until the publication of this report. TPG, Bain, EQT declined to comment. Ankündigung • Jun 18
Whirlpool Corporation Appoints Judith Buckner to Board of Directors The Whirlpool Corporation board of directors has appointed Judith K. Buckner, president of Reynolds Cooking & Baking, to the board, effective immediately. Buckner will serve on the corporate governance and nominating committee and the human resources committee. Buckner was named president of Reynolds Cooking & Baking in 2022, having previously served as president of the Presto Products business unit of Reynolds Consumer Products Inc., as well as the senior vice president of business transformation at Reynolds Consumer Products Inc. and the vice president of operations and engineering for the Hefty Waste Bags & Food Bags. Buckner joined Reynolds Consumer Products Inc. in 2000 as an engineering manager and has held various positions of increasing responsibility in manufacturing, operations and engineering. Buckner graduated from Purdue University with a degree in chemical engineering. Ankündigung • May 27
Whirlpool Brand Launches Spin&Load Rack Whirlpool announced launch of Spin&Load Rack, Whirlpool brand brings human innovation and inclusive design to the everyday kitchen with an easy-to-use, 360o spinning lower-level dishwasher rack. Designed in collaboration with United Spinal Association, Spin&Load Rack is a replacement lower rack for a traditional dishwasher and represents a significant advancement in kitchen inclusivity in a way that traditional dishwasher racks do not. As the most inclusive lower-level dishwasher rack design on the market, Spin&Load Rack features an easy- to-use, 360o spinning design to allow easy access to all areas of the lower rack of the dishwasher, reducing the need for individuals to reach or reposition themselves while loading and unloading their dishes. Spin&Load Rack is easy to install and designed to fit all 24" Whirlpool Corporation dishwashers manufactured after 2018, including Amana, JennAir, KitchenAid and Maytag brands. The accessory also features simplified and inclusive packaging, ensuring users can easily open and unbox with one hand with an accessible pull-tab design. Whirlpool Corporation's employee resource group known as AVID (Awareness of Visible and Invisible Disabilities) was involved in the initial development process for Spin&Load Rack, with the initial idea for the innovation stemming from an AVID-hosted challenge asking interns to design a more inclusive product. From there, Whirlpool engineers developed prototypes, which were brought to a consumer research study leveraging members of the United Spinal Association to interact with the prototypes and share feedback, informing how the final design eventually came to life. Whirlpool brand's design team also conducted a full usability study on Spin&Load Rack with individuals from Corewell Health to share feedback on the final design. Upcoming Dividend • May 09
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 15 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.8%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.9%). Ankündigung • Apr 30
Advent, Bain, TPG, Others Reportedly Drawn to Whirlpool India Whirlpool Corporation (NYSE:WHR) is considering selling a 31% stake in its Indian subsidiary, attracting interest from private equity giants like Advent International, L.P., Bain Capital, LP, and TPG Capital, L.P. The sale aims to raise $550-600 million, with Whirlpool Corp. retaining a 20% stake and increased autonomy for the Indian unit. Advent International, Bain Capital, TPG, EQT AB (publ), The Carlyle Group Inc. (NasdaqGS:CG) and KKR & Co. Inc. (NYSE:KKR) are among private equity funds that have been sounded out on buying into Whirlpool’s India business (Whirlpool of India Limited (BSE:500238)) as the US parent looks to pare its stake in the listed subsidiary, said people aware of the matter. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: US$1.28 (vs US$4.72 loss in 1Q 2024) First quarter 2025 results: EPS: US$1.28 (up from US$4.72 loss in 1Q 2024). Revenue: US$3.62b (down 19% from 1Q 2024). Net income: US$71.0m (up US$330.0m from 1Q 2024). Profit margin: 2.0% (up from net loss in 1Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 21
Fourth quarter dividend of US$1.75 announced Dividend of US$1.75 is the same as last year. Ex-date: 16th May 2025 Payment date: 15th June 2025 Dividend yield will be 9.0%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Ankündigung • Apr 17
Whirlpool Corporation to Report Q1, 2025 Results on Apr 23, 2025 Whirlpool Corporation announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Ankündigung • Apr 15
Whirlpool Corporation Declares Quarterly Dividend, Payable on June 15, 2025 the board of directors of Whirlpool Corporation declared a quarterly dividend of $1.75 per share on the Company's common stock. The dividend is payable on June 15, 2025, to stockholders of record at the close of business on May 16, 2025. Ankündigung • Mar 12
Gladiator Expands Its Product Line with Three New Accessories Gladiator announced that it has established itself as a leader in the garage storage industry. This spring, the brand will continue to build upon its rich history of innovation with the launch of three new products. Releasing in March 2025, the all-new Gladiator Light Bar, Gladiator®? Magnet Bar and Gladiator®? PowerStrip Bar are designed to be used as either additions to existing Gladiator storage systems or stand-alone products to help those working in their garage. One of the most unique features of the new Gladiator products is their ability to be mounted on Gladiator storage systems including workbenches, shelves, cabinets, and more. Also, their flexibility to be used as stand-alone products makes these three bars great for anyone who needs to elevate their current workspaces. The Light Bar, Magnet Bar and PowerStrip Bar all have a variety of mounting options, affording users with unmatched flexibility to use them as they need. Other noteworthy features of the Gladiator Light Bar, Magnet Bar and powerStrip include; Gladiator®? Light Bar - Providing up to seven hours of illumination off a single charge, the new Gladiator®? Light Bar is a perfect way to put extra shine on any garage projects. With three unique mounting options including a Mounting Bracket, Mounting Magnets and screws, the Gladiator Light Bar features two brightness settings, a Shock Absorption System and heavy-duty construction, making it a durable assistant for even the toughest project. Gladiator®? Magnet Bar - With the ability to hold up to 20 lbs. when using the Mounting Bracket, the new gladnet Bar is the perfect storage solution for hammers, screw drivers, and other small, handheld tools. The bar can be mounted to flat steel surfaces and walls, providing additional flexibility, but when detached, is a perfect way to pick up loose screws and other small metal debris. Gladiator PowerStrip Bar - Featuring five outlets, USB-A and USB-C utility outlets, as well as space forky and right-angle chargers, the Gladiator®? PowerStrip bar will help tools and electronics stay charged and ready. The PowerStrip Bar comes with multiple mounting options and an 8-foot tangle-resistant power cord and Surface Protection, making it an essential accessory for any garage. With a robust catalog featuring wall storage, cabinets, shelving, tool storage and more, the new Gladiator®?Light Bar, Magnet Bar and Power Strip Bar are the latest innovations from the garage and household organization leader. Ankündigung • Mar 06
Whirlpool Corporation, Annual General Meeting, Apr 15, 2025 Whirlpool Corporation, Annual General Meeting, Apr 15, 2025. Location: 331 n lasalle, il 60654., chicago United States Declared Dividend • Feb 20
Fourth quarter dividend of US$1.75 announced Dividend of US$1.75 is the same as last year. Ex-date: 28th February 2025 Payment date: 15th March 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Feb 16
Full year 2024 earnings released: US$5.86 loss per share (vs US$8.75 profit in FY 2023) Full year 2024 results: US$5.86 loss per share (down from US$8.75 profit in FY 2023). Revenue: US$16.6b (down 15% from FY 2023). Net loss: US$323.0m (down 167% from profit in FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 7.4% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Feb 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 101% Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Significant insider selling over the past 3 months (US$1.1m sold). Ankündigung • Jan 30
Whirlpool Corporation Reports Impairment of Goodwill and Other Intangibles for the Fourth Quarter Ended December 31, 2024 Whirlpool Corporation reported Impairment of goodwill and other intangibles for the fourth quarter ended December 31, 2024. The company's impairment of goodwill and other intangibles was $381 million. Buy Or Sell Opportunity • Jan 30
Now 35% undervalued Over the last 90 days, the stock has risen 2.4% to US$106. The fair value is estimated to be US$162, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Jan 30
Whirlpool Corporation Provides Earnings Guidance for the Year Ending December 31, 2025 Whirlpool Corporation provided earnings guidance for the year ending December 31, 2025. For the year, the company expects net sales to be $15.8 million. GAAP earnings per diluted share to be $8.75. Ongoing earnings per diluted share to be $10.00. Earnings before interest & taxes to be $975 million. Ankündigung • Jan 23
Whirlpool Corporation to Report Q4, 2024 Results on Jan 29, 2025 Whirlpool Corporation announced that they will report Q4, 2024 results at 4:05 PM, US Eastern Standard Time on Jan 29, 2025 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$130, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$195 per share. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$126, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$192 per share. Recent Insider Transactions • Nov 20
Chairman recently sold US$1.1m worth of stock On the 19th of November, Marc Bitzer sold around 10k shares on-market at roughly US$110 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Marc's only on-market trade for the last 12 months. Upcoming Dividend • Nov 08
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 15 November 2024. Payment date: 15 December 2024. Payout ratio is a comfortable 69% and the cash payout ratio is 88%. Trailing yield: 6.4%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (3.9%). Recent Insider Transactions • Oct 30
Executive VP recently sold US$627k worth of stock On the 28th of October, James Peters sold around 6k shares on-market at roughly US$104 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$1.98 (vs US$1.51 in 3Q 2023) Third quarter 2024 results: EPS: US$1.98 (up from US$1.51 in 3Q 2023). Revenue: US$3.99b (down 19% from 3Q 2023). Net income: US$109.0m (up 31% from 3Q 2023). Profit margin: 2.7% (up from 1.7% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 21
Second quarter dividend of US$1.75 announced Dividend of US$1.75 is the same as last year. Ex-date: 15th November 2024 Payment date: 15th December 2024 Dividend yield will be 6.5%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (160% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Oct 17
Whirlpool Corporation to Report Q3, 2024 Results on Oct 23, 2024 Whirlpool Corporation announced that they will report Q3, 2024 results at 4:05 PM, Eastern Standard Time on Oct 23, 2024 Ankündigung • Oct 15
Whirlpool Corporation Declares Quarterly Dividend, Payable on December 15, 2024 Whirlpool Corporation declared a quarterly dividend of $1.75 per share on the Company's common stock. The dividend is payable on December 15, 2024, to stockholders of record at the close of business on November 15, 2024. Ankündigung • Oct 01
Whirlpool Brand Launches Innovative Freshflow Vent System on New Smart Front Load Washers Front load washers are favored by many for their ability to conveniently stack in small spaces and use less water than top load washers. However, there are some drawbacks that cause owners to rely on extra steps or hacks to help maintain their freshness. With the launch of the Whirlpool® Smart Front Load Laundry Pair, the brand introduces the all-new FreshFlow Vent System, the first fan-powered system with antimicrobial protection designed to help keep both clothes and the washer fresh. 4.5 cu. ft & 5.0 cu. ft. Smart Front Load ENERGY STAR® Certified Washer with FreshFlow™ Vent System and AI Intelligent Wash [WFW5720R & WFW6720R]: FreshFlow Vent System: Dry Drum Cycle: A new Whirlpool® cycle designed to reduce excess moisture in the washer after a cycle ends. Close the washer door and select the Dry Drum cycle to dry out the drum, rubber gasket, and door using a powerful built-in fan. Antimicrobial Protection: Antimicrobial protection on the rubber seal helps keep the washer fresh by preventing the growth of odor-causing bacteria and mold. FanFresh® Option: Uses a built-in fan and periodic tumbling to keep just-washed clothes fresh until they're ready for the dryer, using less energy than re-washing clothes (based on rewashing an 8 pound load on Normal cycle). AI Intelligent Wash: Simplify user laundry routine with intelligent wash technology. It uses sensors to detect load size and fabric type, then automatically adjusts water levels, temperature, and wash actions for ideal fabric care and efficient cleaning performance. 7.4 cu. ft. Smart Front Load ENERGY STAR® Certified Dryer with Steam Capabilities [WE/GD5720R & WE/GD6720R]: Steam Capabilities: Steam-enhanced cycles and options help prevent wrinkles, refresh clothes and reduce static. So user clothes come out looking their best. Steam Refresh Cycle: Release wrinkles using the Steam Refresh Cycle to get clothes ready to wear without rewashing. AI Intelligent Dry: Uses three sensors to detect moisture and temperature to automatically adjust dry time. Achieve the ultimate time-saving duo by pairing the 25 minute Quick Wash cycle on the washer with a 30 minute timed dry to finish laundry in under one hour. The washer and dryer also both come with Smart Capabilities so user can easily start, pause, track progress and receive cycle notifications right from user smartphone with the Whirlpool® App. Color options include White, Radiant Silver and matte Volcano Black available at Whirlpool.com and major appliance retailers. Models will be floored in-store beginning this fall. Recent Insider Transactions • Sep 11
Insider recently sold US$327k worth of stock On the 3rd of September, Juan Puente sold around 3k shares on-market at roughly US$100.00 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$402k more than they bought in the last 12 months. Declared Dividend • Aug 22
Second quarter dividend of US$1.75 announced Dividend of US$1.75 is the same as last year. Ex-date: 30th August 2024 Payment date: 15th September 2024 Dividend yield will be 7.2%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (160% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Aug 20
Whirlpool Corporation Declares Quarterly Dividend, Payable on September 15, 2024 The board of directors of Whirlpool Corporation (the "Company") declared a quarterly dividend of $1.75 per share on the Company's common stock. The dividend is payable on September 15, 2024, to stockholders of record at the close of business on August 30, 2024. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$3.99 (vs US$1.55 in 2Q 2023) Second quarter 2024 results: EPS: US$3.99 (up from US$1.55 in 2Q 2023). Revenue: US$3.99b (down 17% from 2Q 2023). Net income: US$219.0m (up 158% from 2Q 2023). Profit margin: 5.5% (up from 1.8% in 2Q 2023). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 25
Whirlpool Corporation Reaffirms Earnings Guidance for the Full Year of 2024 Whirlpool Corporation reaffirmed earnings guidance for the full year of 2024. For the year, the company expects net sales of ~$16,900 million. GAAP earnings per diluted share of ~$3.00. Full-year GAAP earnings per diluted share of approximately $3.00 impacted by non-cash charge related to the Europe transaction and organization simplification restructuring expense. New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Ankündigung • Jul 18
Whirlpool Corporation to Report Q2, 2024 Results on Jul 24, 2024 Whirlpool Corporation announced that they will report Q2, 2024 results at 4:05 PM, US Eastern Standard Time on Jul 24, 2024 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$102, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 46% over the past three years. Ankündigung • Jun 28
Bosch Reportedly Eyes Whirlpool German engineering group Robert Bosch GmbH is considering the option of submitting a takeover offer for US home appliances manufacturer Whirlpool Corporation (NYSE:WHR), Reuters reported on June 26, 2024. The German company has approached advisors over the potential bid. A final decision, however, has not been made yet. Following the report, Whirlpool shares closed 17.1% higher at USD 101.91 in New York on June 26, 2024. As of June 27, 2024, the company’s market capitalization stood at USD 5.57 billion (EUR 5.21 billion). The report comes soon after Bosch CEO Stefan Hartung said at a conference earlier in June that the German company is pursuing acquisitions in the USA as a way to diversify its operations. Hartung believes that Bosch does not have sufficient presence in the country and has to increase its local footprint and performance. Upcoming Dividend • May 10
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 15 June 2024. Payout ratio is on the higher end at 96% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.5%). Reported Earnings • Apr 25
First quarter 2024 earnings released: US$4.72 loss per share (vs US$3.27 loss in 1Q 2023) First quarter 2024 results: US$4.72 loss per share (further deteriorated from US$3.27 loss in 1Q 2023). Revenue: US$4.49b (down 3.4% from 1Q 2023). Net loss: US$259.0m (loss widened 45% from 1Q 2023). Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to grow by 5.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 25
Whirlpool Corporation Reaffirms Earnings Guidance for the Full Year of 2024 Whirlpool Corporation reaffirmed earnings guidance for the full year of 2024. For the year, the company expects net sales of approximately $16,900 million. GAAP earnings per diluted share to be between $5.00 to $7.00. Ankündigung • Apr 24
Whirlpool Corporation Announces Management Changes Whirlpool Corporation announced the election of Roxanne Warner, 41, to the position of Senior Vice President, Corporate Controller and Investor Relations, effective May 1, 2024. In this position, she will serve as the principal accounting officer of the Company. Ms. Warner joined the Company in 2008. She served as Vice President and Chief Financial Officer of the Company’s Europe, Middle East and Africa region from 2021 to 2024. She served as Senior Director, Investor Relations, from 2019 to 2021, after holding positions of increasing responsibility within the Company’s finance organization. Ms. Warner’s annual base salary in this position will be $440,000. Her target award under the Performance Excellence Plan, the Company’s annual incentive plan, will be 65% of base salary. Her target award under the Strategic Excellence Program, the Company’s long-term incentive compensation program, will be 75% of base salary. Ms. Warner succeeds Christopher Conley, who is assuming the position of Senior Vice President and Chief Financial Officer for Whirlpool North America, effective May 1, 2024. Ankündigung • Apr 19
Whirlpool Corporation to Report Q1, 2024 Results on Apr 24, 2024 Whirlpool Corporation announced that they will report Q1, 2024 results on Apr 24, 2024 Declared Dividend • Apr 18
Fourth quarter dividend of US$1.75 announced Dividend of US$1.75 is the same as last year. Ex-date: 16th May 2024 Payment date: 15th June 2024 Dividend yield will be 6.6%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 16
Whirlpool Corporation Declares Quarterly Dividend, Payable on June 15, 2024 The board of directors of Whirlpool Corporation declared a quarterly dividend of $1.75 per share on the Company's common stock. The dividend is payable on June 15, 2024, to stockholders of record at the close of business on May 17, 2024. Ankündigung • Apr 04
Ardutch B.V acquired Europe, Middle East and Africa (EMEA) business of Whirlpool from Whirlpool Corporation (NYSE:WHR). Ardutch B.V agreed in principle to acquire Europe, Middle East and Africa (EMEA) business of Whirlpool from Whirlpool Corporation (NYSE:WHR) for €20 million on January 16, 2023. The consideration will be paid in cash. Whirlpool will retain ownership of its EMEA KitchenAid small domestic appliance business. The transaction is subject to additional requirements for closing, including obtaining regulatory approvals and other customary closing conditions. As of September 30, 2023, the transaction will be referred for an in-depth Phase 2 investigation unless Arelik offers undertakings to address the Competition and Markets Authority's concerns. The parties have until October 5, 2023 to offer an undertaking which might be accepted by the CMA to address the Substantial Lessening of Competition. As on October 24, 2023 The European commission has approved the merger. The U.K. Competition and Markets Authority is considering whether Arcelik's planned acquisition of Whirlpool's EMEA major domestic appliances business and has set a deadline of July 25 for comments. The transaction is expected to close in the second half of 2023. As of October 11, 2023, CMA did not refer the transaction for a phase 2 investigation pursuant. As of November 7, 2023, CMA continue to raise concern regarding Substantial Lessening of Competition and give parties in the transaction November 21, 2023 to response. On January 22, 2024 The Competition Commission has approved the proposed acquisition by Beko Europe B.V.
Perella Weinberg Partners LP acted as financial advisor, and Latham & Watkins LLP and Cleary Gottlieb Steen & Hamilton LLP acted as legal advisors, to Whirlpool Corporation Clifford Chance advised Arçelik A.S team included Jeroen Thijssen, Mark Jan Arends, Michal Jašek. Stuart Rogers of Alston & Bird LLP acted as legal advisor to Perella Weinberg Partners LP in the transaction.
Ardutch B.V acquired Europe, Middle East and Africa (EMEA) business of Whirlpool from Whirlpool Corporation (NYSE:WHR) on April 3, 2024. Ankündigung • Mar 09
Ava A. Harter's Employment with Whirlpool Corporation as Executive Vice President and Chief Legal Officer Role Terminated on March 8, 2024 As reported by Whirlpool Corporation (the Company") in its Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on March 4, 2024, the Executive Vice President and Chief Legal Officer role held by Ava A. Harter was eliminated March 1, 2024 as a result of a global corporate reorganization. As a result, Ms. Harter's employment with the company terminated on March 8, 2024. Ankündigung • Mar 05
Whirlpool Corporation, Annual General Meeting, Apr 16, 2024 Whirlpool Corporation, Annual General Meeting, Apr 16, 2024, at 08:00 Central Standard Time. Location: 331 North LaSalle Chicago Illinois United States Agenda: To elect 12 persons to the Whirlpool Corporation Board of Directors; to approve, on an advisory basis, Whirlpool Corporation’s executive compensation; to ratify the appointment of Ernst & Young LLP as Whirlpool Corporation’s independent registered public accounting firm for fiscal 2024; and to consider other matters. Ankündigung • Feb 27
Whirlpool Corporation and Bora Initiate Revolutionary Industrial Downdraft Technology to North America Whirlpool Corporation and BORA share the belief that the kitchen is the hub of the home and is a space that should be redesigned through a lens that pushes boundaries while merging technology and function. Founded on the mutual passion to question the ordinary, the two companies are collaborating to bring the best induction downdraft technology exclusively to JennAir and KitchenAid brand induction downdraft cooktops in North America in 2025. With the new product collaboration comes added consumer benefits ranging from aesthetics to functional power. Downdraft technology eliminates the need for a separate overhead ventilation unit — commonly known as a range hood — allowing for limitless design opportunities, without sacrificing performance. Utilizing innovation to create spaces that offer clear, unrestricted sightlines and the opportunity to create a kitchen as unique as the consumers who enjoy them each day is a longstanding priority for the JennAir and KitchenAid brands. In fact, the JennAir brand's history with downdraft technology dates back to 1965 when founder Lou Jenn invented downdraft technology, changing the kitchen forever. Since then, JennAir has continued to push the luxury appliance industry forward with appliances that break the mold through differentiated aesthetics, disruptive technology and quiet performance. Similarly, KitchenAid exists to help the world make more of the kitchen by creating a space of inspiration and connection. The KitchenAid brand remains committed to delivering major appliances that continue to expand capabilities as makers progress in their cooking skills. Buy Or Sell Opportunity • Feb 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to US$107. The fair value is estimated to be US$136, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 5.5% per annum. Earnings are forecast to grow by 16% per annum over the same time period. 
