WHIRLPOOL CORP /DE/ SEC 10-Q Report

Whirlpool Corp, a leading global manufacturer and marketer of home appliances, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting the company's efforts to navigate a challenging macroeconomic environment while driving innovation and growth.

Financial Highlights

• Net sales: $4,033 million, reflecting a slight increase from $3,993 million in the same period last year, driven by favorable product price/mix.
• Gross margin: $594 million, a decrease from $643 million in the prior year, impacted by tariffs and launch costs associated with new product introductions.
• Operating profit: $206 million, down from $265 million in the previous year, as a result of increased costs despite structural cost take-out actions.
• Net earnings (loss) available to Whirlpool: $73 million, compared to $109 million in the prior year, with a net earnings margin of 1.8% versus 2.7% last year.
• Diluted net earnings (loss) available to Whirlpool: $1.29 per share, down from $2.00 per share in the same period last year, reflecting the impact of increased costs and lower margins.

Business Highlights

• Revenue Segments: The company operates through four segments: Major Domestic Appliances (MDA) North America, MDA Latin America, MDA Asia, and Small Domestic Appliances (SDA) Global. The MDA Europe segment was deconsolidated as of April 1, 2024.
• Geographical Performance:
  • MDA North America reported net sales of $2,722 million for the three months ended September 30, 2025, showing a slight increase from $2,647 million in the same period of 2024.
  • MDA Latin America experienced a decrease in net sales to $802 million from $846 million.
  • MDA Asia's net sales decreased to $222 million from $239 million.
  • SDA Global increased to $288 million from $261 million.
• Sales Units: The company reported a decrease in the cost of products sold across most segments, with MDA North America at $2,378 million, MDA Latin America at $695 million, MDA Asia at $190 million, and SDA Global at $182 million for the three months ended September 30, 2025.
• New Product Launches: Whirlpool plans to introduce over 100 new products as part of its strategy to drive innovation and meet evolving consumer needs.
• Future Outlook: The company is focused on delivering approximately $200 million in cost takeout and navigating through a challenging macro environment in North America. Whirlpool is also evaluating the reduction of its ownership stake in Whirlpool India, with a potential share sale expected by the end of 2025 and transaction completion targeted for the first half of 2026.

SEC Filing: WHIRLPOOL CORP /DE/ [ WHR ] - 10-Q - Oct. 28, 2025