Stock Track | Whirlpool Plunges 11.77% After-Hours as 2024 Results Disappoint, but Rebound Expected in 2025

Stock Track

Jan 30, 2025

Whirlpool Corporation (NYSE: WHR) saw its stock plunge 11.77% in after-hours trading on Wednesday, following the company's release of disappointing financial results for 2024 but an optimistic outlook for 2025.

For the full year 2024, Whirlpool reported a net loss of $323 million, or $5.87 per diluted share, weighed down by the loss on sale of its European major domestic appliances business, impairment charges related to its Maytag brand, and restructuring costs. This contrasted with analysts' estimates and marked a significant decline from the prior year's profit.

However, Whirlpool is projecting a strong rebound in 2025, forecasting full-year GAAP earnings per diluted share of approximately $8.75 and ongoing earnings per diluted share of around $10.00. The company expects to benefit from more than $200 million in structural cost reductions, debt paydown of approximately $700 million, and anticipated net cash proceeds of $550 to $600 million from reducing its ownership stake in Whirlpool of India Ltd.

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The company expects to benefit from more than $200 million in structural cost reductions, debt paydown of approximately $700 million, and anticipated net cash proceeds of $550 to $600 million from reducing its ownership stake in Whirlpool of India Ltd.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WHR","symbol_name":"惠而浦","start_time":0,"source_url":"","article_id":"1101838266","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101838266","pubTimestamp":1738186360,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Whirlpool Corporation  saw its stock plunge 11.77% in after-hours trading on Wednesday, following the company's release of disappointing financial results for 2024 but an optimistic outlook for 2025.For the full year 2024, Whirlpool reported a net loss of $323 million, or $5.87 per diluted share, weighed down by the loss on sale of its European major domestic appliances business, impairment charges related to its Maytag brand, and restructuring costs. 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