Whirlpool Sees FY24 Net Sales Of ~$16.9B Vs $16.78B Est.; Revising FY24 GAAP Earnings Per Diluted Share To ~$0.50 Primarily Impacted By The Non-Cash Charge Related To The Europe Transaction; Reaffirms FY24 Adj EPS Of ~$12 Vs $11.62 Est
Portfolio Pulse from Benzinga Newsdesk
Whirlpool has updated its FY24 financial outlook, projecting net sales of $16.9 billion and revising GAAP earnings per share to $0.50 due to a non-cash charge from a Europe transaction. The company reaffirms its adjusted EPS of $12, cash flow, and dividend plans.
October 23, 2024 | 8:15 pm
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Whirlpool revised its FY24 GAAP EPS to $0.50 due to a non-cash charge from a Europe transaction but reaffirmed its adjusted EPS of $12. The company expects net sales of $16.9 billion, aligning with estimates, and plans significant cash flow and dividends.
The revision of GAAP EPS to $0.50 is due to a non-cash charge, which may not impact cash flow or ongoing operations significantly. The reaffirmation of adjusted EPS at $12 and alignment of net sales with estimates suggest stability. The impact on stock price is likely neutral as the market may have anticipated these adjustments.
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