Whirlpool corporation announces q3 results impacted by short term macro headwinds and provides update on portfolio transformation; business well positioned for future

Portfolio transformation advances with announced acquisition of insinkerator and the completed divestiture of the whirlpool russia business strategic review of emea nears conclusion with two potential strategic investors in final evaluation stage gaap net earnings margin of 3.0% and ongoing (non-gaap) ebit margin(2) of 5.5%, despite double digit industry declines across most major marketplaces and continued elevated cost inflation in anticipation of a temporary soft demand environment, reduced production volumes by 35% in the third quarter delivered gaap and ongoing (non-gaap) earnings per diluted share(1)of $2.60 and $4.49, respectively revised full-year 2022 guidance to ~$5.00 earnings per diluted share on a gaap basis and ~$19.00 on an ongoing basis(2), cash provided by operating activities of $1.5 billion and free cash flow(4) of $950 million structurally improved whirlpool well positioned to navigate current environment and benefit from long-term demand tailwinds benton harbor, mich. , oct. 20, 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 third quarter 2022 financial results.
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