WHIRLPOOL, July 25th 2023


In the second quarter, WHIRLPOOL CORP reported GAAP net earnings margin of 1.8%, sequentially improved by approximately 570 basis points; GAAP earnings per diluted share of $1.55. Ongoing (non-GAAP) EBIT margin of 7.3%, sequentially improved by approximately 200 basis points; ongoing (non-GAAP) earnings per diluted share(3) of $4.21. Cost take out actions delivered approximately $150 million of year-over-year Q2 benefit. Reaffirmed full-year GAAP and ongoing(3) earnings per diluted share of $13.00 to $15.00 and $16.00 to $18.00, respectively; full-year cash provided by operating activities of $1.4 billion and free cash flow of approximately $800 million. Returned $193 million of dividends to shareholders in the first half of 2023, representing the 68th consecutive year of dividends to shareholders.

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