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Whirlpool Corp (WHR) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Whirlpool Corp

CIK: 106640 Ticker: WHR


Exhibit 99.1
Contact: Whirlpool Corporation
Media: Whirlpool Corporation Press Office, 269/923-7405
Media@Whirlpool.com
Financial: Joseph Lovechio, 269/923-2641
Investor_Relations@Whirlpool.com
  


WHIRLPOOL CORPORATION REPORTS
FOURTH-QUARTER AND FULL-YEAR 2012 RESULTS

Ongoing Business Operating Profit Improves 137 Percent During the Quarter; GAAP Operating Profit Improves 25 Percent
Company Expects Strong Earnings and Free Cash Flow to Continue in 2013

BENTON HARBOR, Mich., January 31, 2013
- Whirlpool Corporation (NYSE: WHR) announced today fourth-quarter GAAP net earnings of $122 million, or $1.52 per diluted share, compared to net earnings of $205 million, or $2.62 per diluted share reported during the same period last year. Prior-year GAAP earnings included $2.17 per share of benefits from tax credits. On an adjusted basis, diluted earnings per share(1) improved significantly to $2.29, compared to $0.32 in the prior year, driven by continued favorable product price and mix, productivity and the benefit of cost and capacity-reduction initiatives.

Sales in the quarter were $4.8 billion, compared to $4.9 billion in 2011. Excluding the impact of both foreign currency and lower Brazilian (BEFIEX) tax credits, sales increased approximately 2 percent, driven by strong product price and mix.

“Our actions have clearly produced the expected improvement in operating margins, resulting in strong earnings per share and underlying cash flow,” said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. “As outlined in October 2011, we successfully improved operating margins through our cost-based price increases, product mix, cost and capacity-reduction initiatives and ongoing productivity programs. Those actions, combined with improving trends in U.S. housing and growth opportunities in emerging markets, create positive momentum going into 2013.”


1

The following information was filed by Whirlpool Corp (WHR) on Thursday, January 31, 2013 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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Inside this 10-K Annual Report

Document And Entity Information Document
Consolidatd Balance Sheet (parentheticals)
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Commitments And Contingencies
Commitments And Contingencies (legal Contingencies Narrative) (details)
Commitments And Contingencies (schedule Of Future Minimum Rental Payments) (details)
Commitments And Contingencies (schedule Of Product Warranty And Recall Reserves) (details)
Commitments And Contingencies (schedule Of Purchase Obligations) (details)
Commitments And Contingencies (tables)
Commitments And Contingencies Commitments And Contingencies (guarantee Narative) (details)
Commitments And Contingencies Product Recall (details)
Fair Value Measurements
Fair Value Measurements (assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Fair Value Measurements (tables)
Fair Value Measurements Investment In Related Business (details)
Financing Arrangements
Financing Arrangements (narrative) (details)
Financing Arrangements (notes Payable) (details)
Financing Arrangements (summary Of Debt) (details)
Financing Arrangements (summary Of The Contractual Maturities Of Debt Including Current Maturities) (details)
Financing Arrangements (tables)
Goodwill And Other Intangibles
Goodwill And Other Intangibles (estimated Amortization Expense) (details)
Goodwill And Other Intangibles (tables)
Goodwill And Other Intangibles Goodwill (narrrative) (details)
Goodwill And Other Intangibles Other Intangible Assets (details)
Goodwill And Other Intangibles Other Intangibles (narrative) (details)
Hedges And Derivative Financial Instruments
Hedges And Derivative Financial Instruments (schedule Of Effects Of Derivative Instruments On Consolidated Statements Of Income) (details)
Hedges And Derivative Financial Instruments (schedule Of Outstanding Derivative Contracts) (details)
Hedges And Derivative Financial Instruments (tables)
Hedges And Derivative Financial Instruments Hedges And Derivative Financial Instruments (narrative) (details)
Income Taxes
Income Taxes (narrative) (details)
Income Taxes (schedule Of Reconciliations Between Tax Expense And The Consolidated Effective Income Tax Rate For Earnings Before Income Taxes And Other Items - Tax Rates) (details)
Income Taxes (schedule Of Unrecognized Tax Benefits) (details)
Income Taxes (tables)
Incomes Taxes (dta And Dtl) (details)
Incomes Taxes (income Tax (benefit) Provision) (details)
Inventories
Inventories (schedule Of Inventory) (details)
Inventories (tables)
Operating Segment Information
Operating Segment Information (net Sales And Long-lived Assets By Country) (details)
Operating Segment Information (schedule Of Operating Segment Information) (details)
Operating Segment Information (tables)
Operating Segment Information Operating Segment Information (narrative) (details)
Pension And Other Postretirement Benefit Plans
Pension And Other Postretirement Benefit Plans (accumulated Benefit Obligation In Excess Of Plan Assets) (details)
Pension And Other Postretirement Benefit Plans (change In Benefit Obligation) (details)
Pension And Other Postretirement Benefit Plans (change In Plan Assets) (details)
Pension And Other Postretirement Benefit Plans (components Of Net Periodic Benefit Cost) (details)
Pension And Other Postretirement Benefit Plans (effect Of Significant Unobservable Inputs (level 3)) (details)
Pension And Other Postretirement Benefit Plans (estimated Impact Of One Percentage-point Change In Assumed Health Care Cost Trend Rate) (details)
Pension And Other Postretirement Benefit Plans (estimated Pre-tax Amounts That Will Be Amortized From Accumulated Oci) (details)
Pension And Other Postretirement Benefit Plans (expected Benefit Payments) (details)
Pension And Other Postretirement Benefit Plans (expected Employer Contributions To Funded Plans) (details)
Pension And Other Postretirement Benefit Plans (fair Value Of Plan Assets By Category) (details)
Pension And Other Postretirement Benefit Plans (narrative) (details)
Pension And Other Postretirement Benefit Plans (obligations And Funded Status At End Of Year) (details)
Pension And Other Postretirement Benefit Plans (other Changes In Plan Assets And Benefit Obligations Recognized In Oci (pre-tax) In 2011) (details)
Pension And Other Postretirement Benefit Plans (pbo And Fair Value Of Plan Assets) (details)
Pension And Other Postretirement Benefit Plans (tables)
Pension And Other Postretirement Benefit Plans (weighted-average Assumptions Used To Determine Benefit Obligation At End Of Year And Net Periodic Cost) (details)
Quarterly Results Of Operations (unaudited)
Quarterly Results Of Operations (unaudited) (details)
Quarterly Results Of Operations (unaudited) (tables)
Restructuring Charges
Restructuring Charges (2011 Plan) (details)
Restructuring Charges (narrative) (details)
Restructuring Charges (tables)
Restructuring Charges Restructuring Charges (by Segment) (details)
Share-based Incentive Plans
Share-based Incentive Plans (tables)
Share-based Incentive Plans Stock Options And Incentive Plans (narrative) (details)
Stock Options And Incentive Plans (stock Option Activity) (details)
Stock Options And Incentive Plans (stock Options Outstanding, Additional Info) (details)
Stock Options And Incentive Plans (stock Units) (details)
Stock Options And Incentive Plans (weighted Average Assumptions) (details)
Stockholders' Equity
Stockholders' Equity (narrative) (details)
Stockholders' Equity (net Earnings Per Share) (details)
Stockholders' Equity (other Comprehensive Income) (details)
Stockholders' Equity (tables)
Summary Of Principal Accounting Policies
Summary Of Principal Accounting Policies (narrative) (details)
Summary Of Principal Accounting Policies (policies)
Summary Of Principal Accounting Policies (property) (details)
Summary Of Principal Accounting Policies (tables)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (details)
Valuation And Qualifying Accounts (tables)
Ticker: WHR
CIK: 106640
Form Type: 10-K Annual Report
Accession Number: 0000106640-13-000009
Submitted to the SEC: Tue Feb 19 2013 4:39:18 PM EST
Accepted by the SEC: Tue Feb 19 2013
Period: Monday, December 31, 2012
Industry: Household Appliances

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