Whirlpool Corp FY net income hits USD 318 million with net sales down 6.5 percent

Reuters
11 hours ago
Whirlpool Corp FY net income hits USD 318 million with net sales down 6.5 percent

Whirlpool Corporation reported full-year (FY) 2025 net sales of USD 14.41 billion, reflecting a 6.5% decrease, primarily attributed to the deconsolidation of its European major domestic appliance business as of April 1, 2024. Excluding the impact of foreign currency, net sales declined by 5.4% over the previous year. Net earnings available to shareholders for FY 2025 stood at USD 318 million, with a net earnings margin of 2.2%. Diluted net earnings per share for the period were USD 5.66. The results benefited from cost-reduction initiatives totaling approximately USD 200 million, including product and supply chain cost efficiencies, as well as a gain related to the reduction in Whirlpool Corporation’s ownership stake in its India operations. These positive impacts were partially offset by increased tariff costs, brand name impairments, currency fluctuations, and ongoing marketing and technology investments. Interest expense for FY 2025 was USD 341 million, while income tax expense was USD 142 million. The company highlighted the strategic realignment of its business portfolio, particularly the exit from its European major domestic appliance segment, as a significant development for the period.

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