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Whirlpool (WHR) - 2024 Q3 - Earnings Call Transcript
2024-10-24 22:53
财务数据和关键指标变化 - 第三季度每股收益(EPS)为3.43美元,受益于定价措施、成本削减和更有利的调整后有效税率 [6][15] - 预计2024年自由现金流约为5亿美元,年初自由现金流受到与欧洲交易相关的非经常性现金流出影响 [6][16] 各条业务线数据和关键指标变化 - 北美主要家电(MDA)业务净销售同比下降4%,EBIT利润率为7.3%,较第一季度增长约170个基点 [9][10] - 拉丁美洲MDA业务净销售同比增长9%,EBIT利润率为6.9% [11] - 亚洲MDA业务净销售同比增长10%,EBIT利润率为2.9% [12] - 全球小家电(SDA)业务净销售同比下降3%,EBIT利润率为14.2% [13] 各个市场数据和关键指标变化 - 美国市场消费者信心低迷,受即将到来的选举和高抵押贷款利率影响,导致需求向低利润替换驱动型购买转移 [5][18] - 拉丁美洲和亚洲市场表现强劲,尤其是在巴西和墨西哥 [11][12] 公司战略和发展方向和行业竞争 - 公司专注于产品创新和新产品发布,以推动未来增长和利润率扩张 [10][14] - 预计美国住房市场将经历多年的复苏,尽管当前环境仍具挑战性 [5][18] 管理层对经营环境和未来前景的评论 - 管理层对美国住房市场的复苏持乐观态度,认为公司在未来将受益于住房市场的改善 [5][18] - 管理层强调在当前环境下,专注于成本优化和利润率扩张是公司的主要策略 [19][25] 其他重要信息 - 公司在2024年的资本配置优先事项包括减少债务和向股东回报现金,预计支付约4亿美元的股息 [16][18] - 预计2024年净销售约为169亿美元,持续EBIT利润率约为6% [15] 问答环节所有提问和回答 问题: 关于合并EBIT利润率的进展 - 第三季度EBIT利润率为5.8%,低于预期的6.3%,主要受到EMEA投资损失的影响,预计第四季度将达到8%至9% [21][22] 问题: 关于小家电部门的表现 - 第三季度小家电销售下降3%,但预计第四季度将因新产品推出而表现强劲,保持全年7%以上的收入增长 [23][24] 问题: 关于北美主要家电的价格/组合动态 - 北美的价格/组合动态受到促销定价的积极影响,但替换需求的高比例导致产品组合不利 [24] 问题: 关于原材料价格的影响 - 钢材价格下降可能带来一定的利好,但整体原材料成本预计保持中性 [37][38] 问题: 关于第四季度的销售预期 - 第四季度销售预计将因强劲的行业需求和季节性因素而增长 [41][42]
Whirlpool (WHR) - 2024 Q3 - Quarterly Report
2024-10-24 22:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________________________ FORM 10-Q ________________________________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-3932 whirlpoolcorplogoa26.jpg WHIRLPOOL CORPORATION (Exact ...
Whirlpool (WHR) - 2024 Q3 - Earnings Call Presentation
2024-10-24 21:51
业绩总结 - 第三季度净销售额为40亿美元,同比下降18.9%,有机销售额下降0.7%[6] - 第三季度每股收益(EPS)为3.43美元[7] - 第三季度自由现金流约为1.3亿美元,年初至今因欧洲交易影响为负586百万美元,占净销售的14.7%[7] - 2023年净销售额为194.6亿美元,2024年预计约为169.5亿美元[24] - 2023年GAAP每股收益为8.72美元,2024年预计约为0.50美元[25] - 2023年持续每股收益为16.16美元,2024年预计约为12.00美元[25] 利润率与现金流 - 持续EBIT(息税前利润)利润率为5.8%,同比下降0.7个百分点[6] - 2023年持续EBIT利润率为6.1%[22] - 2024年持续EBIT利润率预计约为6.0%[22] - 2024年自由现金流预计为5亿美元,计划支付约4亿美元的股息[18] - 2023年自由现金流为3.66亿美元,2024年预计约为5亿美元[23] 市场表现 - 北美市场持续EBIT利润率环比提升约100个基点,主要受定价措施推动[9] - 拉美市场净销售额同比增长约9%,EBIT利润率环比提升约110个基点[10] - 亚洲市场净销售额同比下降30%,EBIT利润率下降3.3个百分点[11] 未来展望 - 预计2024年持续EBIT利润率将继续改善,受益于定价和成本杠杆[19] - 2024年持续每股收益目标为12.00美元[17] 资本支出与重组 - 2023年资本支出为5.49亿美元,2024年预计约为5.5亿美元[26] - 2023年重组现金支出为3200万美元,2024年预计约为8000万美元[28] 利息与股息 - 2023年利息支出为3.51亿美元,2024年预计约为3.65亿美元[25] - 2023年股息支付为3.84亿美元,2024年预计约为4亿美元[26]
WHR Q3 Earnings Beat, Sales Down Y/Y on Soft North America Unit
ZACKS· 2024-10-24 21:40
Whirlpool Corporation (WHR) posted third-quarter 2024 results, wherein earnings beat the Zacks Consensus Estimate but sales missed the same. Both top and bottom lines declined year over year.Despite the challenging macroeconomic conditions in North America, the company managed to achieve sequential ongoing EBIT margin growth in the third quarter. The company’s ability to capitalize on the future recovery in the U.S. housing market indicates that MDA North America is well-prepared to benefit when market cond ...
Compared to Estimates, Whirlpool (WHR) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-24 08:05
For the quarter ended September 2024, Whirlpool (WHR) reported revenue of $3.99 billion, down 18.9% over the same period last year. EPS came in at $3.43, compared to $5.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.06 billion, representing a surprise of -1.61%. The company delivered an EPS surprise of +14.72%, with the consensus EPS estimate being $2.99.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...
Whirlpool (WHR) Q3 Earnings Beat Estimates
ZACKS· 2024-10-24 06:30
Whirlpool (WHR) came out with quarterly earnings of $3.43 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $5.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.72%. A quarter ago, it was expected that this maker of Maytag, KitchenAid and other appliances would post earnings of $2.40 per share when it actually produced earnings of $2.39, delivering a surprise of -0.42%.Over th ...
Whirlpool (WHR) - 2024 Q3 - Quarterly Results
2024-10-24 04:16
WhirlBool Whirlpool Announces Third-Quarter Results • Sequential margin expansion in MDA North America for the second consecutive quarter, driven by promotional pricing actions • Q3 GAAP net earnings margin of 2.7% (Q2 5.5%); GAAP earnings per diluted share of $2.00; GAAP tax rate of 25% • Ongoing (non-GAAP) EBIT margin of 5.8% (Q2 5.3%); ongoing earnings per diluted share of $3.43 supported by favorable adjusted (non-GAAP) tax rate of (32)% • Revising full-year GAAP earnings per diluted share to approximat ...
Whirlpool Announces Third-Quarter Results
Prnewswire· 2024-10-24 04:05
--  Sequential margin expansion in MDA North America for the second consecutive quarter, driven by promotional pricing actions--  Q3 GAAP net earnings margin of 2.7% (Q2 5.5%); GAAP earnings per diluted share of $2.00; GAAP tax rate of 25%--  Ongoing (non-GAAP) EBIT margin(1) of 5.8% (Q2 5.3%); ongoing earnings per diluted share(2) of $3.43 supported by favorable adjusted (non-GAAP) tax rate of (32)%--  Revising full-year GAAP earnings per diluted share to approximately $0.50, impacted by the updated GAAP t ...
Whirlpool (WHR) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-10-18 22:20
Analysts on Wall Street project that Whirlpool (WHR) will announce quarterly earnings of $3.04 per share in its forthcoming report, representing a decline of 44.2% year over year. Revenues are projected to reach $4.07 billion, declining 17.3% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Ahead of a company's earnings di ...
Whirlpool Gears Up for Q3 Earnings: What Lies Ahead for the Stock?
ZACKS· 2024-10-18 02:30
Whirlpool Corporation (WHR) is slated to release third-quarter 2024 results on Oct. 23, after the closing bell. The household appliance company's bottom and top lines are expected to have declined. For third-quarter revenues, the Zacks Consensus Estimate is pegged at $4.1 billion, indicating a 17.3% decrease from the prior-year quarter's figure. The consensus estimate for quarterly earnings has remained unchanged in the past 30 days at $3.04 per share. However, the consensus mark for earnings indicates a 44 ...