Whirlpool misses by $0.94, misses on revs; cuts FY26 EPS below consensus, revs below consensus (26.45 -1.66)
- Reports Q3 (Sep) loss of $0.21 per share, excluding non-recurring items, $0.94 worse than the FactSet Consensus of $0.73; revenues fell 8.8% year/year to $3.68 bln vs the $3.93 bln FactSet Consensus.
- Q3 ongoing (non-GAAP) EBIT margin of 2.6%.
- Co issues downside guidance for FY26, sees EPS of $(1.30), excluding non-recurring items, vs. $1.21 FactSet Consensus and vs. $2.50-3.00 prior guidance; sees FY26 revs of $14.5 bln vs. $14.81 bln FactSet Consensus and vs. $15 bln prior guidance.
- "Our structural cost take out and pricing realization drove consecutive margin progress through Q3. While the pace of recovery is slower than expected, these actions are setting a clear path for further improvements in 2027."