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BENTON HARBOR, Mich. - Whirlpool Corporation (NYSE:WHR) reported fourth-quarter earnings that beat analyst estimates, but shares plunged over 11% in after-hours trading Wednesday as the company’s 2025 guidance came in well below expectations.
The appliance maker posted adjusted earnings per share of $4.57 for Q4, surpassing the analyst consensus of $4.27. However, revenue of $4.14 billion fell short of the $4.23 billion analysts were expecting.
For the full year 2025, Whirlpool forecast earnings per share of approximately $10.00, significantly below the $11.59 Wall Street was projecting. The company also guided for 2025 revenue of around $15.8 billion, lower than analyst estimates of $16.25 billion.
"In 2024, we continued to make progress in our operations and delivered on our cost take out commitment of $300 million while achieving the closure of the Europe transaction, supporting our ongoing portfolio transformation," said Marc Bitzer, Chairman and CEO.
Whirlpool said it expects to deliver more than $200 million in cost savings in 2025. The company also plans to reduce its ownership stake in Whirlpool of India (NSE:WHIR) Ltd. to about 20% this year via a market sale.
Fourth quarter organic net sales grew 1.9% YoY, driven by strong performance in small domestic appliances and international businesses. However, the company’s ongoing EBIT margin declined to 6.0% from 6.1% in the prior year period.
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