Whirlpool beats by $1.18, beats on revs; guides FY23 EPS below consensus, revs above consensus (125.59 -1.46)
- Reports Q3 (Sep) earnings of $5.45 per share, excluding non-recurring items, $1.18 better than the FactSet Consensus of $4.27; revenues rose 2.8% year/year to $4.93 bln vs the $4.79 bln FactSet Consensus.
- Cost take out actions delivered approximately $300 million of year-over-year benefit in the quarter; on track to deliver over $800 million full-year benefit
- Co issues mixed guidance for FY23, sees EPS of ~$16.00, excluding non-recurring items, vs. $16.16 FactSet Consensus and prior guidance of $16.00-18.00; sees FY23 revs of ~$19.4 bln vs. $19.15 bln FactSet Consensus.
- Declared fourth-quarter dividend of $1.75 per share