Whirlpool Corporation
03/02/2026 | Press release | Distributed by Public on 03/02/2026 05:46
Regulation FD Disclosure (Form 8-K)
| Item 7.01. |
Regulation FD Disclosure. |
On March 2, 2026, Whirlpool Corporation (the "Company") provided the below recalculation of its 2026 ongoing (Non-GAAP)earnings per share guidance following completion of the company's concurrent public offerings of shares of the Company's common stock and depositary shares representing a 1/20th interest in a share of 8.50% Series A Mandatory Convertible Preferred Stock.
|
2026 Guidance (As Provided on January 28, 2026) |
Offering Impact |
2026 Guidance (Inclusive of Offering Impact) |
||||||||||
|
Interest Expense* |
~$ | 330M | (~$ | 37M | ) | ~$ | 293M | |||||
|
Weighted-Average Diluted Shares Outstanding |
57.4M | 13.9M | 71.3M | |||||||||
|
Dividends Paid |
~$ | 200M | ~$ | 70M | ~$ | 270M | ||||||
|
Ongoing EPS(1) |
~$ | 7.00 | (~$ | 1.00 | ) | ~$ | 6.00 | |||||
| * |
Interest Expense is pre-tax |
| (1) |
Ongoing earnings per share is a non-GAAPmeasure. Please see below for a reconciliation of ongoing earnings per share to its most equivalent GAAP measure, net earnings (loss) per diluted share available to Whirlpool, for the 2026 fiscal year. |
GAAP RECONCILIATION: FULL-YEAR 2026 OUTLOOK FOR ONGOING EPS
The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-taxbasis. Our anticipated full-year GAAP tax rate is approximately 25.0%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our anticipated full-year adjusted tax (non-GAAP)rate of approximately 25.0%.
| Earnings per diluted share | ||||
|
Reported measure |
~$ | 5.35 | ||
|
Restructuring Expense |
~0.75 | |||
|
Total income tax impact |
~(0.10 | ) | ||
|
Normalized tax rate adjustment |
- | |||
|
Ongoing measure |
~$ | 6.00 | ||
Whirlpool Corporation published this content on March 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 02, 2026 at 11:46 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]