Q3 2025 Whirlpool Corp Earnings Call Transcript

Oct 28, 2025 / 12:00PM GMT
Release Date Price: MXN1380

Key Points

Positve
  • Whirlpool Corp (WHR) achieved double-digit revenue growth in its KitchenAid small domestic appliance business.
  • The company gained market share in its North American major appliance business due to new product launches.
  • Whirlpool Corp (WHR) announced a $300 million investment in its US laundry facilities, indicating confidence in its North American business.
  • The SDA Global business segment achieved a strong EBIT margin of 16.5% with double-digit net sales growth.
  • The company has a strong US-based manufacturing footprint, which is expected to be a competitive advantage with the implementation of tariffs.
Negative
  • North American operating margins were below expectations due to tariff impacts and a highly promotional environment.
  • Free cash flow was unfavorable versus the prior year by approximately $320 million, driven by tariff payments and inventory build.
  • The MDA Latin America segment experienced a net sales decline of 6% year over year, excluding currency impacts.
  • The MDA Asia segment saw a net sales decline of 4% year over year, excluding currency impacts.
  • The company revised its full-year ongoing EBIT margin guidance to approximately 5%, reflecting continued promotional intensity and tariff impacts.
Operator

Good morning, and welcome to Whirlpool Corporation's third quarter 2025 earnings Call. Today's call is being recorded. Joining me today are Marc Bitzer, our Chairman and Chief Executive Officer; and Jim Peters, our Chief Financial and Administrative Officer. Our remarks today track with a presentation available on the Investors section of our website at whirlpoolcorp.com.

Before we begin, I want to remind you that as we conduct this call, we will be making forward-looking statements to assist you in better understanding Whirlpool Corporation's future expectations. Our actual results could differ materially from these statements due to many factors discussed in our latest 10-K, 10-Q, and other periodic reports.

We also want to remind you that today's presentation includes the non-GAAP measures outlined in further detail at the beginning of our earnings presentation. We believe these measures are important indicators of our operations as they exclude items that may not be indicative of results from ongoing business operations. We think the adjusted measures will provide you with a better

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