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Whirlpool (WHR) reported earnings 30 days ago. What's next for the stock?
Whirlpool's stock has fallen by over 60% since all-time highs, creating an incredible buying opportunity for long-term investors. The company is heavily impacted by the housing market, which is currently experiencing a freeze due to high mortgage rates. Whirlpool is focused on debt reduction, a strategic portfolio transformation, and restructuring to improve its financial position and profitability.
Management's promotional actions didn't have the desired effect, so management is reacting by raising prices. Aside from its major domestic appliance market in North America, the company is progressing well.
Whirlpool Corp. said Friday that it plans additional layoffs to the 1,000 it announced as part of a global restructuring plan in late April.
Whirlpool's sales are down, and its input costs are up, which isn't very enticing to investors. The company is making major changes to its business structure, and it believes it can generate $1.2 billion in annual free cash flow within a couple of years.
Whirlpool (WHR) Q1 results reflect strong gains in Latin America and Asia regions, as well as solid Global SDA performance, driven by a rise in market share and benefits from cost-saving actions.
Whirlpool (NYSE: WHR ) layoffs are the talk of Wall Street today as the appliance giant announced it will cut about 1,000 salaried positions worldwide as part of a cost-cutting effort. The surprise job cuts have clearly hit home with investors, as WHR stock eyes an over 10% loss in early trading.
Whirlpool Corporation (WHR) Q1 2024 Earnings Call Transcript
The headline numbers for Whirlpool (WHR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Whirlpool's (WHR) Q1 results are expected to benefit from improved supply-chain execution, product introductions, market share growth and gains from cost-takeout actions.