Whirlpool Corp (WHR) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Home SEC Filings Whirlpool Corp (WHR) 10-K Annual Report Tue Feb 11 2020
Exhibit 99.1
Contact: Whirlpool Corporation
Media: 269/923-7405
Media@Whirlpool.com
Financial: Roxanne Warner, 269/923-2641
Investor_Relations@Whirlpool.com
  

WHIRLPOOL CORPORATION REPORTS STRONG FOURTH-QUARTER AND FULL-YEAR 2019 RESULTS; PROVIDES 2020 GUIDANCE

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Very strong Q4 GAAP net earnings margin (5.4%, up 240 basis points) and ongoing (non-GAAP) EBIT margin(2) (7.2%, up 100 basis points), slightly ahead of our operational guidance.
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All-time record full-year GAAP and ongoing earnings per diluted share(1) of $18.45 and $16.00, respectively; ahead of our guidance.
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All regions profitable during Q4, with the North America region demonstrating sustained strong EBIT(3) margins of approximately 13%.
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Strong cash generation for full-year 2019; cash provided by operating activities of $1.2 billion and free cash flow(4) of $912 million.
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Solid outlook for 2020, forecasting earnings per diluted share of $14.80 to $15.80 on a GAAP basis and $16.00 to $17.00 on an ongoing(1) basis. Cash provided by operating activities in 2020 of $1.3 billion to $1.4 billion and free cash flow(4) of approximately $800 million to $900 million.
BENTON HARBOR, Mich., January 27, 2020
- Whirlpool Corporation (NYSE: WHR) today reported financial results for the fourth-quarter and full-year 2019.
"2019 was a very strong year for Whirlpool as we successfully delivered against our commitments and reported results that outperformed our guidance expectations despite a continued challenging macro-environment," said Marc Bitzer, chairman and chief executive officer of Whirlpool Corporation. “The underlying drivers of our global business are favorable, including demand for our innovative products and a moderation of inflationary cost pressures. We exited the year with solid momentum and are confident in our guidance for 2020 and our ability to execute on our long-term strategy.”






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The following information was filed by Whirlpool Corp (WHR) on Monday, January 27, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Ticker: WHR
CIK: 106640
Form Type: 10-K Annual Report
Accession Number: 0000106640-20-000017
Submitted to the SEC: Tue Feb 11 2020 12:47:42 PM EST
Accepted by the SEC: Tue Feb 11 2020
Period: Tuesday, December 31, 2019
Industry: Household Appliances

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