Whirlpool Corporation has announced its second-quarter financial results, highlighting a decline in net sales to $3.773 billion, a 5.4% decrease compared to the previous year. Excluding currency effects, net sales stood at $3.861 billion, reflecting a 3.2% decline. The company reported a significant drop in GAAP net earnings available to Whirlpool, which decreased by 70.1% to $65 million. The GAAP net earnings margin fell to 1.7%, while ongoing EBIT margin remained steady at 5.3%. GAAP earnings per diluted share also saw a substantial reduction, falling by 70.5% to $1.17. Ongoing earnings per diluted share decreased by 43.9% to $1.34. Whirlpool provided an updated outlook for 2025, projecting full-year GAAP earnings per diluted share between $5.00 and $7.00, with ongoing earnings per diluted share expected to range from $6.00 to $8.00. The company anticipates cash provided by operating activities to reach approximately $850 million and free cash flow to be around $400 million. Operationally, Whirlpool delivered significant cost reductions, achieving a 100 basis points decrease, equating to approximately $50 million, aligning with full-year expectations. Despite challenges from competitors importing Asian products into the U.S., Whirlpool remains confident in its North American market position, supported by a strong product pipeline and favorable housing demand. The company also highlighted the refinancing of $1.2 billion in term loan debt at a weighted average rate of approximately 6.3%.