Whirlpool announces fourth-quarter and full-year results; provides 2025 guidance

-- fourth-quarter net sales decline of (18.7)% due to the europe divestiture; organic net sales(1) growth of 1.9% driven by strong small domestic appliances and international businesses -- delivered approximately $300 million of net cost take out in 2024, as expected -- q4 gaap net earnings margin (loss) of (9.5)%; gaap earnings (loss) per diluted share of $(7.10) driven by the non-cash impact of maytag brand impairment, gaap tax rate of (44)% -- q4 ongoing (non-gaap) ebit margin(2) of 6.0%; ongoing earnings per diluted share(3) of $4.57 supported by favorable adjusted (non-gaap) effective tax rate of (54)% -- 2025 outlook includes full-year gaap earnings per diluted share of approximately $8.75, and ongoing earnings per diluted share(3) of approximately $10.00; including gaap and adjusted (non-gaap) tax rate of 20 to 25%; cash provided by operating activities of approximately $1 billion and free cash flow(4) of approximately $500 to $600 million -- intend to reduce ownership stake in whirlpool of india ltd. to ~20% in 2025 via market sale -- expect to pay down approximately $700 million of debt in 2025 benton harbor, mich.
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