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 FIRST-QUARTER 2018 RESULTS

GAAP earnings per diluted share were $1.30 compared to $2.01 in the same prior-year period; ongoing earnings per diluted share(1) (non-GAAP) improved 12 percent to $2.81, compared to $2.50 in the same prior-year period.
Previously-announced global cost-based pricing benefits are successfully ramping up, contributing to positive global price/mix during the first quarter.
Previously-announced fixed cost reduction initiatives have been completed and are expected to deliver a $150 million net benefit in 2018.
The North America region reported 3 percent revenue growth and a 20 basis point increase to earnings before interest and taxes (EBIT)(3) margin, despite a 100 basis point impact from increased raw material inflation.
The Company expects full-year earnings per share of $12.30 to $13.30 on a GAAP basis and continues to expect full-year earnings per share of $14.50 to $15.50 on an ongoing basis.
The Company reaffirms its full-year operating cash flow guidance of approximately $1.7 billion to $1.8 billion and free cash flow guidance of approximately $1.0 billion to $1.1 billion.
Consistent with its balanced approach to capital allocation, the Company announced a 4.5 percent increase to its quarterly dividend, and intends to repurchase common stock throughout the remainder of 2018.

BENTON HARBOR, Mich., April 23, 2018
- Whirlpool Corporation (NYSE: WHR) announced today first-quarter GAAP net earnings of $94 million, or $1.30 per diluted share, compared to $153 million, or $2.01 per diluted share, reported for the same prior-year period. First-quarter ongoing earnings per diluted share(1) were $2.81, compared to $2.50 in the same prior-year period.

“We are pleased with the progress on our previously-announced global cost-based price increases and fixed cost reduction initiatives, which resulted in expansion of both ongoing

1

The following information was filed by Whirlpool Corp (WHR) on Monday, April 23, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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