Whirlpool delivers solid q1; initiating emea strategic review and further focusing portfolio on high growth and high margin businesses

Gaap net earnings margin of 6.4% (down 170 basis points) and ongoing (non-gaap) ebit margin(2) of 9.4% (down 300 basis points), despite increased inflation of over $400 million delivered gaap and ongoing (non-gaap) earnings per diluted share(1) of $5.33 and $5.31, respectively robust sales growth compared to pre-pandemic levels with healthy underlying consumer demand the north america region delivered strong performance with ebit(3) margins of 16.3% in a supply constrained environment, as cost-based price increases partially offset inflation revised full-year 2022 guidance to $24.00 to $26.00 earnings per diluted share on a gaap and ongoing basis(2), cash provided by operating activities of $1.95 billion and free cash flow(4) of $1.25 billion increased share repurchase authorization by $2 billion and repurchased $533 million of shares in the quarter; approximately $2.9 billion in remaining repurchase authorization initiated strategic review of our emea business; such assessment expected to be concluded by q3 2022 committed to accelerating the transformation of our portfolio with a focus on high growth and high margin businesses strong balance sheet supports various strategic initiatives benton harbor, mich. , april 25, 2022 /prnewswire/ -- whirlpool corporation (nyse: whr), committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home, today reported first quarter 2022 financial results.
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