Next to current market affairs: Whirlpool Corporation (NYSE: WHR)

On 07 Feb 2020, Whirlpool Corporation (NYSE: WHR) stock observed trading -8.82% off 52-week high price. On the other end, the stock has been noted 30.89% away from low price over the last 52-weeks. The stock disclosed a move of 0.64% away from 50 day moving average and 3.35% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.44% off 20-day moving average. It has market cap of $9856.81M and dividend yield of 3.22%.

Whirlpool Corporation (WHR) recently stated financial results for the fourth-quarter and full-year 2019.

“2019 was a very strong year for Whirlpool as we successfully delivered against our commitments and stated results that outperformed our guidance expectations despite a continued challenging macro-environment,” stated Marc Bitzer , chairman and chief executive officer of Whirlpool Corporation. “The underlying drivers of our global business are favorable, including demand for our innovative products and a moderation of inflationary cost pressures. We exited the year with solid momentum and we are confident in our guidance for 2020 and our ability to execute on our long-term strategy.”

FULL YEAR FINANCIAL HIGHLIGHTS

GAAP net earnings and net earnings per share were $1.2B (5.8 percent of sales) and $18.45 in 2019 contrast to $(183)M ((0.9) percent of sales) and $(2.72) in the previous year, driven by the gain on the sale of Embraco compressor business of about $511M , partially offset by product warranty and liability expense of about $131M.

Ongoing EBIT (2) and ongoing earnings per diluted share (1) were $1.4B (6.9 percent of sales) and $16.00 in 2019, contrast to $1.3B (6.3 percent of sales) and $15.16 in the previous year, primarily driven by strong product price/mix and reduced share count, partially offset by a higher effective tax rate.

Full-year GAAP effective tax rate (ETR) of 22.8%, primarily driven by gain on sale of Embraco.

Full-year adjusted ETR of 15.3%, near the low end of guidance, primarily Because of a favorable European tax law change in December 2019 (~2.2 points tax rate improvement or ~$0.40 favorable earnings per share impact).

Net sales were $20.4B contrast to $21.0B in 2018, a decrease of 2.9 percent. Organic net sales (non-GAAP) (5) increased 1.6 percent.

FOURTH-QUARTER FINANCIAL HIGHLIGHTS

GAAP net earnings of $288M (5.4 percent of sales), or $4.52 per diluted share, contrast to $170M (3.0 percent of sales), or $2.64 per diluted share, stated for the same prior-year period.

Ongoing EBIT (2) was $389M, or 7.2 percent of sales, contrast to $348M, or 6.2 percent of sales, in the same prior-year period.

GAAP net earnings margin and ongoing EBIT (2) margin were favorably influenced by price/mix and focused cost discipline; GAAP net earnings also positively influenced by one-time real-estate transactions.

Ongoing earnings per diluted share (1) were $4.91 , contrast to $4.75 in the same prior-year period.

Net sales were $5.4B , contrast to $5.7B in the same prior-year period, a decrease of 4.9 percent. Organic net sales (non-GAAP) (5) increased 1.2 percent.

The Company’s 2018 results include $17M of EBIT (3) related to the Embraco compressor business.

FOURTH-QUARTER REGIONAL REVIEW

Whirlpool North America

Strong sustained financial performance despite soft industry demand.

Whirlpool North America stated fourth-quarter net sales of $3.1B , contrast to $3.1B in the same prior-year period, a decrease of 0.3 percent.

The region stated fourth-quarter EBIT (3) of $410M , or 13.3 percent of sales, contrast to EBIT of $376M , or 12.2 percent of sales, in the same prior-year period. Fourth-quarter previous year ongoing EBIT (3) was $362M , or 11.8 percent. During the quarter, the favorable impact of product price/mix and disciplined cost takeout were partially offset by lower fixed cost leverage and continued cost inflation.

The USA based company Whirlpool Corporation moved with change of -2.52% to $149.21 with the total traded volume of 697802 shares in recent session versus to an average volume of 890.87K. WHR’s shares are at -4.63% for the quarter and driving a 11.28% return over the course of the past year and is now at 1.14% since this point in 2018. There are 66.06M shares outstanding and 62.78M shares are floated in market.

 

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