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Whirlpool Corp (WHR) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Whirlpool Corp

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CIK: 106640 Ticker: WHR

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Whirlpool Delivers Impressive Q2 Results and Significantly Raises Full-Year Guidance
•Net sales growth of ~32%, driven by sustained consumer demand and cost-based pricing initiatives
•GAAP net earnings margin of 10.9% (up 1,020 basis points) and ongoing (non-GAAP) EBIT margin(2) of 11.4% (up 640 basis points)
•Delivered cash provided by operating activities of $646 million and free cash flow(4) of $769 million, driven primarily by strong earnings; free cash flow(4) also driven by the completion of the partial tender offer for Whirlpool China(6) and the divestiture of our Turkey subsidiary
•Raised full-year 2021 guidance; earnings per diluted share now expected to be ~$26.95 on a GAAP basis and ~$26.00 on an ongoing basis(1); cash provided by operating activities of $1.95 billion and free cash flow(4) of $1.70 billion

BENTON HARBOR, Mich., July 21, 2021
- Whirlpool Corporation (NYSE: WHR), committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home, today reported financial results for the second quarter of 2021.
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We are significantly raising guidance to reflect the strength of our business driven by sustained consumer demand and the successful implementation of our previously announced cost-based pricing initiatives,” said Marc Bitzer, chairman and chief executive officer of Whirlpool Corporation. “Our Q2 results together with our record performance over the past three years impressively demonstrate our ability to perform in a volatile environment.”
MARC BITZER






1
The following information was filed by Whirlpool Corp (WHR) on Wednesday, July 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
Consolidated Condensed Balance Sheets (Parenthetical)
Consolidated Condensed Statements Of Cash Flows (Unaudited)
Consolidated Condensed Statements Of Comprehensive Income (Unaudited)
Basis Of Presentation
Basis Of Presentation (Policies)
Basis Of Presentation (Tables)
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)
Divestitures
Divestitures (Tables)
Divestitures - Schedule Of Whirlpool China's Assets And Liabilities (Details)
Divestitures - Turkey Subsidiary Divestment (Details)
Divestitures - Whirlpool China Divestiture (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)

Material Contracts, Statements, Certifications & more

Whirlpool Corp provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Ticker: WHR
CIK: 106640
Form Type: 10-Q Quarterly Report
Accession Number: 0000106640-21-000127
Submitted to the SEC: Thu Jul 22 2021 10:28:46 AM EST
Accepted by the SEC: Thu Jul 22 2021
Period: Wednesday, June 30, 2021
Industry: Household Appliances

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