Stock Track | Whirlpool Stock Plunges After Disappointing 2024 Results but Forecasts Rebound in 2025

Stock Track
01-30

Whirlpool Corporation (WHR) saw its stock plummet nearly 14% in after-hours trading on Wednesday after the company reported a net loss of $323 million, or $5.87 per diluted share, for 2024. The lackluster performance was weighed down by several key factors:

Key Factors Contributing to the 2024 Loss:

  • The loss on sale of its European major domestic appliances business
  • Impairment charges related to its Maytag brand
  • Restructuring costs

Whirlpool's 2024 results fell short of analysts' estimates and marked a significant decline from the prior year's profit.

However, the company provided an optimistic outlook for 2025, forecasting:

  • Full-year GAAP earnings per diluted share of approximately $8.75
  • Ongoing earnings per diluted share of around $10.00
  • More than $200 million in structural cost reductions
  • Debt paydown of approximately $700 million
  • Anticipated net cash proceeds of $550 to $600 million from reducing its ownership stake in Whirlpool of India Ltd.

Whirlpool's management expressed confidence in the company's ability to rebound in 2025, driven by its cost-cutting initiatives, portfolio restructuring, and improved financial flexibility.

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