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

WHIRLPOOL CORPORATION REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS; PROVIDES 2018 GUIDANCE

GAAP earnings per diluted share were $4.70 for the full year, primarily driven by a one-time non-cash charge related to tax reform, while ongoing earnings per diluted share(1) (non-GAAP), which exclude tax reform impact, were $13.74.
Global price/mix actions and fixed cost reduction initiatives are progressing ahead of expectations.
The North America region reported strong operating margin of 11.8 percent, a 60 basis point improvement compared to the same prior-year period.
Cash provided by operating activities improved $61 million to $1.3 billion, and free cash flow(3) improved $77 million to $707 million, compared to the prior year.
In 2018, the Company expects to deliver GAAP earnings per diluted share of $12.45 to $13.45 and ongoing earnings per diluted share(1) of $14.50 to $15.50.
Also in 2018, the Company expects to generate cash provided by operating activities of approximately $1.7 billion to $1.8 billion and free cash flow(3) of approximately $1.0 billion to $1.1 billion.
The Company returned a record $1.1 billion to shareholders for the full year and plans to continue repurchasing common stock throughout 2018.
BENTON HARBOR, Mich., January 24, 2018
- Whirlpool Corporation (NYSE: WHR) announced today fourth-quarter GAAP operating profit of $267 million, or 4.7 percent of sales, compared to $341 million, or 6.0 percent of sales, in the same prior-year period. Fourth-quarter ongoing operating profit(2) was $392 million, or 6.9 percent of sales, compared to $431 million, or 7.6 percent of sales, in the same prior-year period. On a GAAP and ongoing basis, the favorable impacts of cost productivity, product price/mix and restructuring benefits were more than offset by unfavorable raw material inflation and unit volume declines.

“Our unique global strategic position, coupled with favorable macro-economic conditions, gives us strong confidence towards our long-term value creation goals," said Marc Bitzer,

1

The following information was filed by Whirlpool Corp (WHR) on Wednesday, January 24, 2018 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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