WHR

EX-99.1

2 exhibit991pressrelease0930.htm

EX-99.1

Document

Whirlpool Corporation Announces Third-Quarter Results

•Executed price increases and structural cost actions, delivering sequential operational progress in Q3 against a tough macroeconomic backdrop

•Announced Q4 price increases in MDA North America and Latin America

•Q3 GAAP net earnings (loss) margin of (6.8)%; GAAP earnings (loss) per diluted share of $(3.80)

•Q3 ongoing (non-GAAP) EBIT margin(2) of 2.6%; ongoing earnings (loss) per diluted share(3) of $(0.21)

•2026 updated EPS outlook includes full-year GAAP earnings (loss) per diluted share of $(4.95), and ongoing earnings (loss) per diluted share(3) of $(1.30)

•2026 updated cash flow outlook includes cash provided by operating activities of approximately $700 million and free cash flow(4) of approximately $300 million

•Maintained strict working capital management, prioritizing balance sheet strength and positioning us well to deliver our full year free cash flow target

•Net debt expectations improved from under $5 billion to under $4.5 billion by year end

BENTON HARBOR, Mich., October 26, 2026 - Whirlpool Corporation (NYSE: WHR) today reported third-quarter financial results.

“Our structural cost take out and pricing realization drove consecutive margin progress through Q3. While the pace of recovery is slower than expected, these actions are setting a clear path for further improvements in 2027." MARC BITZER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Earnings ResultsThird-Quarter Results

20262025*Change

Net sales ($M)$3,677$4,033(8.8)%

Organic net sales ($M)(1) $3,643$3,852(5.4)%

GAAP net earnings (loss) available to Whirlpool common shareholders ($M)$(249)$73nm

Ongoing EBIT(2) ($M) $97$180(46.1)%

GAAP net earnings (loss) margin(6.8)%1.8%(8.6pts)

Ongoing EBIT margin(2) 2.6%4.5%(1.8pts)

GAAP earnings (loss) per diluted share$(3.80)$1.29nm

Ongoing earnings (loss) per diluted share(3) $(0.21)$2.09nm

*Includes results from our previously-owned India business

Free Cash Flow20262025Change

Cash provided by (used in) operating activities ($M)$(826)$(669)$(157)

Free cash flow(4) ($M) $(1,081)$(907)$(174)

“Through disciplined working capital management, we are protecting our year end free cash flow and our balance sheet resilience to navigate challenging market conditions. As a result, we now expect net debt below $4.5B at the end of 2026 and have preserved a clear debt maturity ladder until 2028.” ROXANNE WARNER, CHIEF FINANCIAL OFFICER

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SEGMENT REVIEW

SEGMENT INFORMATION ($M)Q3 2026Q3 2025YoY Change

MDA North AmericaNet Sales$2,495$2,722(8.3)%

EBIT$74$134(44.7)%

% of sales3.0%4.9%(2.0pts)

MDA Latin AmericaNet Sales$858$8026.9%

EBIT$18$45(61.3)%

% of sales2.0%5.7%(3.6pts)

SDA GlobalNet Sales$286$288(0.7)%

EBIT$53$4711.7%

% of sales18.6%16.5%2.1pts

MDA: Major Domestic Appliances; SDA: Small Domestic Appliances

MDA NORTH AMERICA

•Excluding currency, net sales decreased 8.2% year-over-year driven by soft industry demand

•Delivered sequential EBIT margin(5) expansion driven by price increases and structural cost take-out, partially offset by cost inflation on raw material, fuel and logistics

•Announced price increase of 7% effective in Q4, supported by product innovation

MDA LATIN AMERICA

•Excluding currency, net sales increased 2.5% year-over-year due to volume

•EBIT margin(5) pressured by mix shifts following Grupo Casas Bahia's bankruptcy reorganization

•Announced price increases of up to 10% across the region

SDA GLOBAL

•Excluding currency, net sales decreased 0.9% year-over-year;

•Q3 strong sell-out and order timing shifts pushed October orders in the U.S. up ~40% year-over-year

•Strong EBIT margin(5) and share gains globally, supported by product innovation and direct-to-consumer sales

2

FULL-YEAR 2026 OUTLOOK

Guidance Summary2025 Reported2026 Guidance

Net sales ($B)$15.5~$14.5

Cash provided by (used in) operating activities ($M)$470~$700

Free cash flow ($M)(4) $81~$300

GAAP net earnings margin (loss) (%)2.2%~(2.2)%

Ongoing EBIT margin (%)(2) 4.7%2.0 - 2.2%

GAAP earnings (loss) per diluted share$5.66~$(4.95)

Ongoing earnings (loss) per diluted share(3) $6.23~$(1.30)

GAAP tax rate27.5%~8.0%

Adjusted (non-GAAP) tax rate3.5%~25.0%

On a full year basis in 2026, we expect:

•Net sales of approximately $14.5 billion; approximately (1.5)% decline vs. 2025 like-for-like(6) net sales of approximately $14.7 billion

•GAAP net earnings (loss) margin of (2.2)% and ongoing (non-GAAP) EBIT margin(2) of 2.0 - 2.2%, supported by pricing actions

•GAAP earnings (loss) per diluted share of $(4.95) and full-year ongoing earnings (loss) per diluted share(3) of $(1.30)

•2026 GAAP tax rate of approximately 8% and adjusted (non-GAAP) tax rate of 25%

•Cash provided by operating activities of approximately $700 m

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EX-99.1

2 exhibit991pressrelease0331.htm

EX-99.1

Document

Whirlpool Corporation Announces First-Quarter Results; Accelerates Cost and Pricing Actions to Restore Margins

•Decisive actions announced to restore profitability in MDA North America, including double-digit price increase and acceleration of cost take out initiatives

•War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March

•Delivered inventory reduction actions to drive working capital efficiency

•Q1 GAAP net earnings (loss) margin of (2.6)%; GAAP earnings (loss) per diluted share of $(1.43)

•Q1 ongoing (non-GAAP) EBIT margin(2) of 1.3%; ongoing earnings (loss) per diluted share(3) of $(0.56)

•Balance sheet strengthened following recent recapitalization, supporting debt pay down of over $900 million in 2026

•2026 updated EPS outlook includes full-year GAAP earnings per diluted share of $2.45 to $2.95, and ongoing earnings per diluted share(3) of $3.00 to $3.50

•2026 updated cash flow outlook includes cash provided by operating activities of approximately $700 million and free cash flow(4) of over $300 million

BENTON HARBOR, Mich., May 6, 2026 - Whirlpool Corporation (NYSE: WHR), today reported first-quarter financial results.

“We acted decisively to address pricing and costs in the face of rapid deterioration in macroeconomic conditions. Now, with Section 232 changes in favor of domestic manufacturers, Whirlpool Corporation is structurally positioned to win with our American-made products.”     MARC BITZER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Earnings ResultsFirst Quarter Results

20262025*Change

Net sales ($M)$3,273$3,621(9.6)%

Organic net sales ($M)(1) $3,193$3,399(6.1)%

GAAP net earnings (loss) available to Whirlpool common shareholders ($M)$(85)$71nm

Ongoing EBIT(2) ($M) $44$214(79.6)%

GAAP net earnings (loss) margin(2.6)%2.0%(4.6pts)

Ongoing EBIT margin(2) 1.3%5.9%(4.6pts)

GAAP earnings (loss) per diluted share$(1.43)$1.28nm

Ongoing earnings (loss) per diluted share(3) $(0.56)$1.70nm

*Includes results from our previously-owned India business

Free Cash Flow20262025Change

Cash provided by (used in) operating activities ($M)$(827)$(721)$(106)

Free cash flow(4) ($M) $(896)$(793)$(103)

“We executed inventory reduction actions, optimizing working capital year-over-year. This, combined with our strategic recapitalization and the expected transition to an approximately $2.25B asset-based facility in Q2, provides us with the financial flexibility required to navigate the current environment.”         ROXANNE WARNER, CHIEF FINANCIAL OFFICER

1

SEGMENT REVIEW

SEGMENT INFORMATION ($M)Q1 2026Q1 2025YoY Change

MDA North AmericaNet Sales$2,237$2,419(7.5)%

EBIT$6$149(96.0)%

% of sales0.3%6.2%(5.9pts)

MDA Latin AmericaNet Sales$774$7375.0%

EBIT$47$49(4.1)%

% of sales6.0%6.6%(0.6pts)

SDA GlobalNet Sales$222$19613.4%

EBIT$47$3628.7%

% of sales21.0%18.5%2.5pts

MDA: Major Domestic Appliances; SDA: Small Domestic Appliances

MDA NORTH AMERICA

•Excluding currency, net sales decreased 7.8% year-over-year driven by lower volume resulting from a significant industry decline and unfavorable price/mix as the Supreme Court's IEEPA ruling and anticipated refunds disrupted the industry pricing

•EBIT margin(5) decreased year-over-year, pressured by volume decline, unfavorable price/mix and the higher costs incurred to reduce inventory levels, partially offset by tariff recovery and mitigation actions

•Announced largest price increase in a decade to address multi-year inflationary cost pressures

MDA LATIN AMERICA

•Excluding currency, net sales decreased 3.8% year-over-year due to the aggressive promotional environment, despite volume increase

•EBIT margin(5) impacted by unfavorable price/mix, partially supported by favorable Brazil tax ruling and cost take out initiatives

SDA GLOBAL

•Excluding currency, net sales increased 9.5% year-over-year driven by volume increase supported by successful new product launches

•EBIT margin(5) increased year-over-year driven by strong growth within the direct-to-consumer business and cost take out initiatives

•SDA Global achieved its sixth consecutive quarter of year-over-year revenue growth, underscoring the strength of product portfolio and value creation strategy

2

FULL-YEAR 2026 OUTLOOK

Guidance Summary2025 Reported2026 Guidance

Net sales ($B)$15.5~$15.0

Cash provided by (used in) operating activities ($M)$470~$700

Free cash flow ($M)(4) $81~$300

GAAP net earnings margin (loss) (%)2.2%~1.1%

Ongoing EBIT margin (%)(2) 4.7%~4.0%

GAAP earnings (loss) per diluted share$5.66$2.45 - $2.95

Ongoing earnings (loss) per diluted share(3) $6.23$3