Quarterly ResultMay 7, 2026, 10:16 AM
Whirlpool Q1 Net Loss $85M; Sales Down 9.6%; Dividend Cut
AI Summary
Whirlpool reported a net loss of $85 million for Q1 2026, a significant decline from a $71 million profit in the prior year, with net sales decreasing by 9.6% to $3.27 billion. Operating profit also saw a sharp decline to $18 million from $184 million. The company amended its long-term credit facility, reducing the aggregate commitment from $3.5 billion to $2.25 billion, and recorded a $35 million gain from a favorable Brazil Supreme Court tax decision.
Key Highlights
- Net loss available to common shareholders was $85 million in Q1 2026, down from $71 million profit in Q1 2025.
- Net sales decreased 9.6% to $3.27 billion for Q1 2026, compared to $3.62 billion in Q1 2025.
- Basic net loss per share was $1.43, a decrease from $1.29 earnings per share in Q1 2025.
- Operating profit fell 90.2% to $18 million in Q1 2026 from $184 million in Q1 2025.
- Dividends declared decreased to $0.90 per share from $1.75 per share in Q1 2025.
- Long-Term Credit Agreement commitment reduced from $3.5 billion to $2.25 billion.
- Recorded a $35 million gain from a favorable Brazil Supreme Court tax decision.
- Restructuring costs increased to $32 million from $10 million in Q1 2025.
Price Impact
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