Whirlpool (WHR) reported earnings on Wed 27 Jan 2021 (a/h)

** charts after earnings ** 

 

CEO Marc Bitzer (Jan 27 on CNBC)

Whirlpool beats by $0.23, beats on revs; guides FY21 EPS midpoint above consensus, revs above consensus

Reports Q4 (Dec) earnings of $6.64 per share, excluding non-recurring items, $0.23 better than the S&P Capital IQ Consensus of $6.41; revenues rose 7.7% year/year to $5.8 bln vs the $5.64 bln S&P Capital IQ Consensus.

Co issues guidance for FY21, sees EPS of $19.00-20.00, excluding non-recurring items, vs. $19.19 S&P Capital IQ Consensus; sees FY21 revs growth of ~6% (the impact of currency on net sales for future periods is not included), which translates to ~$20.62 bln vs. $20.15 bln S&P Capital IQ Consensus.

• Cash provided by operating activities of ~$1.55 bln
• Free cash flow of $1 billion or more

"As we enter into 2021, we continue to see signs of economic recovery - such as positive demand and encouraging structural housing trends - and remain well-positioned to drive sustained shareholder value over the long term."