Whirlpool Corporation reported better-than-expected third-quarter results on Monday, posting year-over-year revenue growth as the company said new product launches gained momentum in North America and investors responded with a 3 percent rise in the stock after hours.
The company said revenue reached $4.03 billion, exceeding Wall Street expectations of $3.93 billion, according to Bloomberg consensus data. Adjusted earnings were $2.09 per diluted share, above estimates of $1.40, while GAAP earnings were $1.29 per diluted share with a net earnings margin of 1.8 percent. Ongoing EBIT margin was 4.5 percent.
Whirlpool cited continued product refreshes across several categories, including upgrades to KitchenAid and other major domestic appliances. CFO Jim Peters told Yahoo Finance that a 2.8 percent increase in the North American major appliance segment reflected a refresh of 30 percent of that portfolio, including new counter-depth refrigerators and dishwashers with automatic-open functionality. Small domestic appliances recorded a 10.5 percent increase globally, driven by double-digit revenue growth in the KitchenAid brand.
Peters said demand remains largely driven by replacement purchases and forecast stronger retail presence and product traction in the fourth quarter and into 2026. He indicated the company is positioned to capture growth when consumers return to the housing market.
“Our third quarter results continued to be impacted by the inventory loading from Asian competitors. Meanwhile, we continued to focus on what is within our control and delivered cost take out in line with expectations, putting us on track to achieve approximately $200M of cost take out in 2025,” said Peters.
Whirlpool also reported declines in other regions. Major appliances in Asia fell 7.2 percent, which the company attributed to cooler seasonal conditions. Sales in Latin America declined 5.2 percent with the company saying that was due to currency weakness and economic volatility in Argentina.
The company said tariffs continue to affect profitability. Whirlpool officials noted a 250-basis-point margin impact during the quarter despite producing more than 80 percent of U.S. sales domestically. Peters said certain components must still be sourced internationally and that the company faces tariffs on some U.S.-made exports to Canada. He said Whirlpool is watching for clarity following the planned meeting between President Trump and Chinese President Xi Jinping later this week.
Whirlpool narrowed its full-year guidance to approximately $7.00 in adjusted earnings per diluted share and reiterated about $15.8 billion in net sales. The company expects roughly $600 million in cash provided by operating activities and about $200 million in free cash flow. The board declared a fourth-quarter dividend of 90 cents per share.
Chairman and CEO Marc Bitzer said market share gains and expanded retail floor placements reflect strong business fundamentals during a record year of product launches. Whirlpool also reported achieving approximately $50 million in structural cost reductions in the quarter.
“I am pleased by the progress in North America, delivering share gains and flooring expansion as we execute a record year of new product launches,” said Bitzer. “The core fundamentals of our business remain strong and we are confident that the newly announced investment in our U.S.-based laundry facilities will continue to fuel our future growth.”
