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Whirlpool Corp (WHR) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Whirlpool Corp

CIK: 106640 Ticker: WHR

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Whirlpool Corporation Delivers Very Strong Q1 Results and Raises Full-Year Guidance
Net sales growth of ~24%, driven by sustained global industry demand and cost-based pricing actions
GAAP net earnings margin of 8.1% (up 450 basis points) and ongoing (non-GAAP) EBIT margin(2) of 12.4% (up 620 basis points) with all regions delivering double digit growth across revenue and EBIT
Delivered cash provided by operating activities of $182 million and free cash flow(4) of $132 million, driven by strong earnings and disciplined working capital management
Raised full-year 2021 guidance; earnings per diluted share now expected to be $23.10 to $24.10 on a GAAP basis and $22.50 to $23.50 on an ongoing basis(1), cash provided by operating activities of $1.70 billion and free cash flow(4) of ~$1.25 billion
Increased quarterly dividend to $1.40 per share on April 19, 2021, the ninth consecutive year of dividend increases
Increased share repurchase authorization by $2 billion to ~$2.4 billion
BENTON HARBOR, Mich., April 21, 2021 - Whirlpool Corporation (NYSE: WHR), the leading kitchen and laundry appliance company in the world, today reported financial results for the first quarter of 2021.
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Our Q1 results successfully demonstrate our agility and resilience in dealing with component shortages and inflationary pressure,” said Marc Bitzer, chairman and chief executive officer of Whirlpool Corporation. “Sustained strong consumer demand and our recent cost-based pricing actions give us confidence to significantly raise our full-year guidance."
MARC BITZER





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The following information was filed by Whirlpool Corp (WHR) on Wednesday, April 21, 2021 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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Inside Whirlpool Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Condensed Balance Sheets (Parenthetical)
Consolidated Condensed Balance Sheets (Unaudited)
Consolidated Condensed Statements Of Cash Flows (Unaudited)
Consolidated Condensed Statements Of Comprehensive Income (Unaudited)
Assets And Liabilities Held For Sale
Assets And Liabilities Held For Sale (Details)
Assets And Liabilities Held For Sale (Tables)
Assets And Liabilities Held For Sale - Schedule Of Whirlpool China's Assets And Liabilities (Details)
Assets And Liabilities Held For Sale - Schedule Of Whirlpool China's Earnings (Loss) Available To Whirlpool (Details)
Basis Of Presentation
Basis Of Presentation (Policies)
Basis Of Presentation (Tables)
Basis Of Presentation - Changes In Accounting Principle (Details)
Basis Of Presentation - Narrative (Details)
Cash, Cash Equivalents And Restricted Cash
Cash, Cash Equivalents And Restricted Cash (Details)
Cash, Cash Equivalents And Restricted Cash (Tables)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Narrative (Details)
Commitments And Contingencies - Schedule Of Product Warranty Reserves (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurements - Narrative (Details)
Financing Arrangements
Financing Arrangements (Tables)
Financing Arrangements - Narrative (Details)
Financing Arrangements - Notes Payable (Details)
Hedges And Derivative Financial Instruments
Hedges And Derivative Financial Instruments (Tables)
Hedges And Derivative Financial Instruments - Narrative (Details)
Hedges And Derivative Financial Instruments - Schedule Of Effects Of Derivative Instruments On Consolidated Condensed Statements Of Income (Details)
Hedges And Derivative Financial Instruments - Schedule Of Net Investment Hedging (Details)
Hedges And Derivative Financial Instruments - Schedule Of Outstanding Derivative Contracts (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Narrative (Details)
Income Taxes - Summary Of Income Taxes (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Pension And Other Postretirement Benefit Plans
Pension And Other Postretirement Benefit Plans (Tables)
Pension And Other Postretirement Benefit Plans - Narrative (Details)
Pension And Other Postretirement Benefit Plans - Net Periodic Costs Recognized In Operating Profit And Interest And Sundry (Income) Expense (Details)
Pension And Other Postretirement Benefit Plans - Summary Of Components Of Net Periodic Pension Costs (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Details)
Property, Plant And Equipment (Tables)
Restructuring Charges
Restructuring Charges (Tables)
Restructuring Charges - By Segment (Details)
Restructuring Charges - Change In Restructuring Liability (Details)
Restructuring Charges - Restructuring Actions (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Allowance For Doubtful Accounts By Operating Segment (Details)
Revenue Recognition - Disaggregation Of Revenue (Details)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Net Earnings Per Share (Details)
Stockholders' Equity - Other Comprehensive Income (Details)
Stockholders' Equity - Reclassifications Out Of Accumulated Other Comprehensive Income (Loss) (Details)
Stockholders' Equity - Schedule Of Changes In Stockholders' Equity (Details)
Stockholders' Equity - Share Repurchase Program (Details)
Ticker: WHR
CIK: 106640
Form Type: 10-Q Quarterly Report
Accession Number: 0000106640-21-000067
Submitted to the SEC: Thu Apr 22 2021 9:11:18 AM EST
Accepted by the SEC: Thu Apr 22 2021
Period: Wednesday, March 31, 2021
Industry: Household Appliances

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