Whirlpool Corporation ($WHR) Earnings (Q1 FY22)

Whirlpool Corporation ($WHR) Earnings and Opinion:


Whirlpool Corporation is a company in the Consumer Cyclical sector and operates in the Furnishings, Fixtures, and Appliances industry. The company manufacturers and markets home appliances and related products worldwide. Whirlpool Corporation was founded in 1911 and is currently headquartered in Benton Harbor, Michigan. They company has been traded on the stock market since at least 1984.

Whirlpool Corporation EPS and Revenue (Q1 FY22):

  • EPS of $5.31 beating expectations of $4.79
  • Revenue of $4.92B missing expectations of $5.3B
Whirlpool Corporation Q1 Highlights:
  • Net sales were down 8.2% (YOY)
  • EPS were down 26.3% (YOY)
  • Free cash flow of -$415M
  • Operating cash flow of -$328M
Whirlpool Dividend and Shares information:
  • Increased quarterly dividend 25% to $1.75 a share
  • Tenth consecutive year of dividend increase
  • Stock repurchase program initiated
Opinion:
Whirlpool Corporation is trading a tiny bit higher after reporting earnings after the closing bell. The company beat expectations on EPS but missed expectations on revenues. The sales and EPS were both down (YOY), but inflationary issues and supply chain woes were the explanation of this. I like the fact that the company has just reached the dividend contender list by increasing their dividend for the 10th year in a row. They bring in a solid number in earnings per share and are able to retain most of their earnings to reinvest back into the business. The main reason I see the stock trading higher after reporting not so great earnings, is due to the fact that their CEO talked about easing inflationary pressures and supply chain woes easing as well. These highly dependent companies on consumer purchases for appliances have all seen a decline due to economic circumstances. These products are not small and can take a while for them to get imported. I think the numbers are explained well for the reason they are losses. However, if they are able to return to normalcy, I can see a lot of upside with this company and a solid ROI. I would keep an eye out for the next earnings report to see how inflation and supply chain affected them again. If they seem to have a better quarter and seem to curb those woes, then it may be a solid time to buy in then.

*Information from Whirlpool, Yahoo Finance, Nasdaq
*Estimates from Zacks

Comments

Post a Comment

Popular posts from this blog

Weekly Earnings Review: September 25, 2023- September 29, 2023

     It was a nice little break in the earnings report, but just like that we are back! We are slowly easing our way back into earnings season. However, this week marked the end of Q3 and September. September was a downturn from the rally we saw earlier in the year. There is a lot of stuff looming as the government is set to shut down on October 1st. The Fed is keeping a close eye on inflation but this weeks prints showed some signs of improvement. The average consumer is struggling as savings keep dwindling. In terms of our earnings, we just had two companies that reported this week. One is a warehouse style retailer and the other is a wide range consulting firm.  Tuesday, September 26, 2023 Costco Wholesale Corporation (COST)-     Costco beat expectations on both the top and bottom line. The stock saw a decline after the initial earnings report, but by the end of the week it has hit a new 52-week high. The revenue growth was impressive as it grew by a hair under 10%. The COGS growth
Read more

Weekly Earnings Review: October 16, 2023- October 20, 2023

      Well earnings season is finally among us, so we will start producing more beefier blog posts and cover a lot more companies over these next few weeks. I had one company report last week that I decided to throw into this weeks post, because I felt that it was pointless to make a post with just one boring company. With the inclusion of that company, we will cover 7 companies that report earnings this week and will give your our thoughts and opinions on how they performed during the quarter and the outlook. There is a lot of controversy going on with a war breaking out in Israel and the House of Representatives with out a speaker. This year seems to be the year of how geopolitics affect the market. There seems to be a lot of confusion with the outlook of the market right now, but inflation numbers still look to be fair and the earnings of major companies will be able to tell us a little bit more about where this is headed.  Thursday, October 12, 2023 Walgreens Boots Alliance (WBA)-
Read more

Weekly Earnings Review: November 27, 2023- December 1, 2023

Image
     Stocks continue to rise as we enter the final month of trading for the year. The S&P 500 and Nasdaq had another stellar month. Bond yields continue to fall, as interest rates have seemed to reach their peak. Estimates are all over the place when it comes to when cutting will start and how many cuts we will see next year. I added a new mantra to particular companies. I want to add some visual pieces to the post to entice the readers. Hope you guys enjoy the visuals and the excerpts. Stay investing! Monday, November 27, 2023 Zscaler (ZS)-      Zscaler continues to carry its momentum, as the company beat on both the top and bottom lines. The company achieved 40% growth on the top line and saw impressive growth on the bottom line as well. Management raised guidance and are expecting around 30% growth on both the top and bottom line. What is so impressive about this company is that they are achieving high growth and high profitability. This is a feat that a lot of software companie
Read more