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

Stock Track

30 Jan

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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The lackluster performance was weighed down by several key factors:</p>\n\n<p><b>Key Factors Contributing to the 2024 Loss:</b></p>\n<ul>\n<li>The loss on sale of its European major domestic appliances business</li>\n<li>Impairment charges related to its Maytag brand</li>\n<li>Restructuring costs</li>\n</ul>\n\n<p>Whirlpool's 2024 results fell short of analysts' estimates and marked a significant decline from the prior year's profit.</p>\n\n<p>However, the company provided an optimistic outlook for 2025, forecasting:</p>\n<ul>\n<li>Full-year GAAP earnings per diluted share of approximately $8.75</li>\n<li>Ongoing earnings per diluted share of around $10.00</li>\n<li>More than $200 million in structural cost reductions</li>\n<li>Debt paydown of approximately $700 million</li>\n<li>Anticipated net cash proceeds of $550 to $600 million from reducing its ownership stake in Whirlpool of India Ltd.</li>\n</ul>\n\n<p>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.</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":"1185022948","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185022948","pubTimestamp":1738200047,"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 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. 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The lackluster performance was weighed down by several key factors:\nKey Factors Contributing to the 2024 Loss:\n\nThe loss on sale of its European major domestic appliances business\nImpairment charges related to its Maytag brand\nRestructuring costs\n\nWhirlpool's 2024 results fell short of analysts' estimates and marked a significant decline from the prior year's profit.\nHowever, the company provided an optimistic outlook for 2025, forecasting:\n\nFull-year GAAP earnings per diluted share of approximately $8.75\nOngoing earnings per diluted share of around $10.00\nMore than $200 million in structural cost reductions\nDebt paydown of approximately $700 million\nAnticipated net cash proceeds of $550 to $600 million from reducing its ownership stake in Whirlpool of India Ltd.\n\nWhirlpool'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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}